Austin, MN housing market
Typical home value
$188K
▲ 2.9% 1 yr
Typical rent
$1,161/mo
▲ 9.3% 1 yr
Gross rent yield
7.4%
U.S. 6.3%
5-year home value change
+28%
U.S. +20%
Key takeaways
- 1The typical home in Austin is worth $187,648, up 2.9% over the past year and up 28% over five years.
- 2Typical rent is $1,161 a month (+9.3% YoY), a gross rent yield of 7.4% (above the Austin, MN metro's 6.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,031/mo, $130 less than typical rent.
- 4Zillow forecasts the Austin, MN metro's home values to change +3.2% over the next 12 months.
Market temperature (Austin, MN metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 46/100, #201 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Austin compares
| Measure | Austin | Austin, MN metro | United States |
|---|---|---|---|
| Typical home value | $187,648 | $201,983 | $366,157 |
| Home value, 1-yr change | +2.9% | +3.0% | +1.2% |
| Typical rent | $1,161 | $1,161 | $1,932 |
| Rent, 1-yr change | +9.3% | +9.0% | +2.7% |
| Gross rent yield | 7.4% | 6.9% | 6.3% |
| Price-to-rent ratio | 13.5 | 14.5 | 15.8 |
| Mortgage P&I, typical home | $1,031 | $1,110 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Austin rental, pre-filled.
Rent vs buy in Austin
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $188K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.