Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 4.79
Mortgage as Percentage of Income: 43.60%
Loan Affordability Index: 2.29
Price to Rent Ratio - City Centre: 14.69
Price to Rent Ratio - Outside of Centre: 7.73
Gross Rental Yield (City Centre): 6.81%
Gross Rental Yield (Outside of Centre): 12.94%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,229.17 $ 1,800.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,548.62 $ 1,300.00-1,850.00
Apartment (3 bedrooms) in City Centre 4,593.72 $ 3,400.00-6,400.00
Apartment (3 bedrooms) Outside of Centre 2,888.08 $ 2,500.00-3,650.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 706.97 $ 320.42-1,060.99
Price per Square Feet to Buy Apartment Outside of Centre 246.50 $ 200.00-300.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,355.35 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 5.70-8.00

These data are based on 282 entries in the past 18 months from 55 different contributors.
Last update: February 2024

Sources and References
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1 Comments so far
Tyson Cox on Jul 16, 2021:
I recommend you update your numbers. The US Census shows a 338k median price and a 71000 median income for Austin. This would give a price index in the high 4 range for Austin and not 3.62 listed in your numbers.