Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 4.92
Mortgage as Percentage of Income: 40.13%
Loan Affordability Index: 2.49
Price to Rent Ratio - City Centre: 18.01
Price to Rent Ratio - Outside of Centre: 9.62
Gross Rental Yield (City Centre): 5.55%
Gross Rental Yield (Outside of Centre): 10.40%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,193.17 $ 1,600.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,493.14 $ 1,200.00-1,950.00
Apartment (3 bedrooms) in City Centre 4,292.50 $ 2,700.00-8,000.00
Apartment (3 bedrooms) Outside of Centre 2,538.19 $ 2,000.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 832.19 $ 600.00-1,322.79
Price per Square Feet to Buy Apartment Outside of Centre 283.84 $ 180.00-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,106.39 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.36 4.00-6.00

These data are based on 269 entries in the past 18 months from 54 different contributors.
Last update: August 2022

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.