Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 5.27
Mortgage as Percentage of Income: 49.23%
Loan Affordability Index: 2.03
Price to Rent Ratio - City Centre: 12.90
Price to Rent Ratio - Outside of Centre: 11.62
Gross Rental Yield (City Centre): 7.75%
Gross Rental Yield (Outside of Centre): 8.61%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,351.44 $ 1,800.00-3,500.00
Apartment (1 bedroom) Outside of Centre 1,537.19 $ 1,300.00-2,100.00
Apartment (3 bedrooms) in City Centre 4,836.79 $ 3,500.00-6,642.00
Apartment (3 bedrooms) Outside of Centre 2,684.62 $ 2,300.00-3,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 654.42 $ 320.42-1,060.99
Price per Square Feet to Buy Apartment Outside of Centre 357.23 $ 200.00-649.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,162.34 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.05 6.19-8.61

These data are based on 316 entries in the past 18 months from 58 different contributors.
Last update: July 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.