Austin

$555,300

Average Value

$240

Average Price per Sq Ft

Home for sale

Living in Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Population Growth

~0.4%

Net Migration

Positive

Median Home Price

$555,300

Unemployment Rate

3.20%

Price Trend

~0.4% YoY growth

New Permits

2,269 units

Jimmie Fudge

512 Realty • Austin, TX

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Jimmie Fudge

512 Realty

Austin

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Helping clients buy and sell homes across Austin.

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Steven Bilyeu

Realty Group of Austin LLC

Austin

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Helping clients buy and sell homes across Austin.

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Michel Issa

University Realty

Austin

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Helping clients buy and sell homes across Austin.

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Autumn Lapaglia

Legacy Austin Realty

Austin

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Helping clients buy and sell homes across Austin.

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Khiere Simmons

KX Realty PLLC

Austin

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Helping clients buy and sell homes across Austin.

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Vito Raymond

512 Realty

Austin

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John Firnhaber

Property Management Of Texas

Austin

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Flora Huang

Evergreen Properties

Austin

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HomesUSA.com

Fort Worth

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Helping clients buy and sell homes across Fort Worth.

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Benjamin Doherty

Sunroom Rentals Texas, LLC

Austin

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Dave Clinton

D.R. Horton, America's Builder

Austin

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Helping clients buy and sell homes across Austin.

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John Martin

Crown Realty, Inc

Austin

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Ben Caballero

HomesUSA.com

Austin

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Anna Battles

Tower Realty Austin

Austin

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Lee Jones

Perry Homes Realty, LLC

Georgetown

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Helping clients buy and sell homes across Georgetown.

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Market Fundamentals

Population & Growth

Austin continues to experience strong population inflows, reinforcing long-term housing demand across both major metros and emerging secondary markets.

Total Population:

31,290,831

Growth Rate:

~0.4%

Net Migration:

Positive

Employment & Economic Conditions

A diversified economic base supports resilience and sustained housing demand across cycles.

Unemployment Rate:

3.20%

Total Employment:

14.5 million jobs

Largest Sectors:

Professional & Business Services (~276K)
Trade, Transportation & Utilities (~219K)
Government (~218K)
Education & Health Services (~169K)
Construction (~90K)

Income & Household Economics

Income levels remain competitive relative to housing costs, supporting affordability compared to higher-cost U.S. markets.

Median Household Income:

$93,658

Per Capita Income:

$62,862

Housing Market & Affordability

Home prices remain relatively accessible, supported by strong supply and continued development.

Median Home Value:

$555,300

Homeownership Rate:

43.40%

Median Rent:

$1,729

Monthly Owner Cost:

$2,679

Home Price Trend:

~0.4% YoY growth

Additional Market Insights

Rent vs. Own

Owner Occupied:

43.4%

Renter Occupied:

56.6%

This Neighborhood Has More Renters

Migration

Population Change

Positive migration

(2024–2025)

Housing Supply

New Permits Issued:

2,269 units

Education

Enrollment

~72,272 students

Graduation Rate

~93.1%

Student–Teacher Ratio

~14:1

Crime & Safety

Violent Crime

~4.7 per 1,000

Property Crime

~33.0 per 1,000

Climate

Avg Temperature

~68.7°F

Annual Rainfall

~35.6 inches

Extreme heat days

~120+ days ≥90°F

Geography

Counties

Travis, Williamson, Hays

Sources

Population & Growth

U.S. Census Bureau – Population Estimates Program (PEP)

Housing Market

U.S. Census Bureau – American Community Survey (ACS)
Federal Housing Finance Agency – House Price Index (FHFA HPI)

Climate

National Oceanic and Atmospheric Administration – National Centers for Environmental Information (NOAA NCEI)

Rent vs Own

U.S. Census Bureau – American Community Survey (ACS)

Employment & Economic Conditions

U.S. Bureau of Labor Statistics – Local Area Unemployment Statistics (LAU)
U.S. Bureau of Labor Statistics – Quarterly Census of Employment and Wages (QCEW)

Education K-12

U.S. Department of Education – National Center for Education Statistics (NCES)
U.S. Department of Education – National Center for Education Statistics (NCES), Common Core of Data (CCD)
Austin Independent School District Annual Report / National Center for Education Statistics (NCES)
U.S. Department of Education – National Center for Education Statistics (NCES), School District Finance Survey (F-33)

Geography

U.S. Census Bureau – TIGER/Line Shapefiles
U.S. Census Bureau – Geographic Boundary Files
U.S. Department of Education – National Center for Education Statistics (NCES), School Attendance Boundary Survey (SABS)