Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $254,018 | $248,418 | $242,182 |
| Price Trend (Annual %) | 11.8% | 9.9% | 8.2% |
| Median Gross Rent | $1,110 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Austin County is about 2% higher than in Texas. Rent is about 17% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Austin County, up about 11.8% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Austin County rose about 34.7% between 2015 and 2023, from $825 to $1,110. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Austin County.
Buying the median-priced home in Austin County costs roughly 19.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Austin County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $254,018 | $248,418 | $242,182 |
| Median Household Income | $76,113 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Austin County rose about 29.7%, while median household income rose about 48.0% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 56.5% | 58.2% |
| Rental Rate | 19.5% | 33.8% | 31.3% |
| Vacancy Rate | 13.6% | 9.6% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Austin County has a homeownership rate of 67.0%, higher than the Texas average of 56.5%. Its housing vacancy rate is 13.6%, compared with 9.6% in Texas.
Housing Stock
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Austin County was built around 1989. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Austin County, Texas.
What is the median home price in Austin County, Texas?
The median home price in Austin County, Texas is $254,018, higher than the Texas average of $248,418.
What is the average home price in Austin County, Texas?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Austin County, Texas?
The median gross rent in Austin County, Texas is $1,110 per month, lower than the Texas average of $1,338.
What was the median gross rent in Austin County in 2020?
In 2020, the median gross rent in Austin County, Texas was $822 per month.
What is the price-to-rent ratio in Austin County, Texas?
The price-to-rent ratio in Austin County, Texas is about 19.1, meaning it would take roughly 19.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Austin County.
Are home prices or rent rising faster in Austin County, Texas?
Both home prices and rent are rising in Austin County, up about 11.8% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Austin County, Texas?
67.0% of households in Austin County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Austin County, Texas?
The housing vacancy rate in Austin County, Texas is 13.6%, higher than the Texas average of 9.6%.