Austin

As of today, the 30-year fixed mortgage rate for Austin is approximately 6.934% (6.982% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

The median home value in Austin is $258k. The median monthly rent is $1,179. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Home values in Austin have increased 7.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

Based on a typical all-in ownership cost of $1,262/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Austin is $51k/year.

The largest employment sectors in Austin are public administration (23%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.