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Austin

Learn about the people, housing, costs and businesses in Austin, Texas

Median Home$614,873
Median Rent$1,842/month
Population971,362
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services20% healthcare
Home Value Growth+1.3% over 2 years
Young Adults41% of residentstop 2% nationally
Renters56% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHighly Educated32% bachelor's · 15% graduate · top 6% nationally
Austin
TX

Frequently Asked Questions

What are today's mortgage rates in Austin?

As of today, the 30-year fixed mortgage rate for Austin is approximately 6.619% (6.631% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Austin?

The median home value in Austin is $615k. The median monthly rent is $1,842. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Austin?

Home values in Austin have increased 1.3% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Austin?

Based on a typical all-in ownership cost of $1,898/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Austin is $103k/year.

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What industries drive the economy in Austin?

The largest employment sectors in Austin are public administration (21%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.