Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 4.54
Mortgage as Percentage of Income: 41.47%
Loan Affordability Index: 2.41
Price to Rent Ratio - City Centre: 12.79
Price to Rent Ratio - Outside of Centre: 9.56
Gross Rental Yield (City Centre): 7.82%
Gross Rental Yield (Outside of Centre): 10.46%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,292.40 $ 1,800.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,539.66 $ 1,300.00-1,900.00
Apartment (3 bedrooms) in City Centre 4,699.54 $ 3,500.00-6,400.00
Apartment (3 bedrooms) Outside of Centre 2,679.17 $ 2,300.00-3,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 631.54 $ 320.42-979.99
Price per Square Feet to Buy Apartment Outside of Centre 293.78 $ 220.00-550.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,486.24 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.77 6.19-8.60

These data are based on 279 entries in the past 18 months from 52 different contributors.
Last update: May 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.