Austin housing market
Typical home value
$414K
▼ 4.3% 1 yr
Typical rent
$1,603/mo
▲ 0.7% 1 yr
12-month forecast
−2.4%
#542 of 546 metros
Gross rent yield
4.6%
#457 of 546 · U.S. 6.3%
Days to pending
90 days
▲ +1 day 1 yr
Listings with a price cut
30%
▼ −0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $414,273, down 4.3% in a year and down 14% over five years.
- 2Zillow forecasts home values falling 2.4% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,603/mo (+0.7% YoY), a 4.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,277/mo in principal and interest, $674 more than renting.
- 5Homes go under contract in 90 days (+1 day vs last year); 30% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 22/100, #519 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Austin compares
| Measure | Austin | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −4.3% | +1.2% | #544 |
| Home value, 5-yr change | −14.2% | +19.7% | |
| 12-month forecast | −2.4% | +1.1% | #542 |
| Rent, 1-yr change | +0.7% | +2.7% | #493 |
| Gross rent yield | 4.6% | 6.3% | #457 |
| Price-to-rent ratio | 21.5 | 15.8 | |
| Mortgage P&I on typical home | $2,277 | $2,012 | |
| Income needed to buy | $124,554 | $100,902 | |
| Days to pending | 90 | 56 |
Cities in the Austin metro
20 cities with home value and rent data.
| Austin | $492K | ▼ 3.2% | $1,571 | ▲ 0.4% | 3.8% |
| Round Rock | $396K | ▼ 5.1% | $1,709 | ▲ 2.3% | 5.2% |
| Pflugerville | $363K | ▼ 4.8% | $1,601 | ▲ 0.3% | 5.3% |
| Georgetown | $420K | ▼ 3.9% | $1,596 | ▲ 3.4% | 4.6% |
| Cedar Park | $457K | ▼ 3.1% | $1,702 | ▲ 3.2% | 4.5% |
| San Marcos | $305K | ▼ 3.1% | $1,433 | ▲ 0.9% | 5.6% |
| Leander | $420K | ▼ 5.6% | $1,897 | ▲ 2.4% | 5.4% |
| Kyle | $295K | ▼ 6.1% | $1,566 | ▼ 3.3% | 6.4% |
| Manor | $308K | ▼ 6.5% | $1,623 | ▼ 3.5% | 6.3% |
| Hutto | $328K | ▼ 6.7% | $1,725 | ▲ 2.3% | 6.3% |
| Buda | $350K | ▼ 3.8% | $1,554 | ▼ 2.6% | 5.3% |
| Bastrop | $348K | ▼ 4.3% | $1,723 | ▼ 0.2% | 5.9% |
| Dripping Springs | $684K | ▲ 0.2% | $2,021 | ▲ 1.5% | 3.5% |
| Taylor | $277K | ▼ 3.0% | $1,788 | ▼ 3.8% | 7.8% |
| Liberty Hill | $479K | ▼ 5.8% | $2,210 | ▲ 0.5% | 5.5% |
| Lakeway | $733K | ▲ 0.3% | $2,603 | ▲ 4.6% | 4.3% |
| Elgin | $266K | ▼ 6.9% | $1,791 | ▲ 2.0% | 8.1% |
| Jarrell | $250K | ▼ 5.6% | $1,739 | ▲ 0.5% | 8.3% |
| Lago Vista | $392K | ▼ 3.7% | $1,754 | ▼ 0.7% | 5.4% |
| Maxwell | $259K | ▼ 4.4% | $1,868 | ▲ 0.9% | 8.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Austin rental ($414K, $1,603/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Austin home.
Rent vs buy
Is it cheaper to rent or buy in Austin?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
Dallas, TX
$358K home$1,659 rent5.6% yield
▼ 2.0% 1 yr
Houston, TX
$303K home$1,638 rent6.5% yield
▼ 1.8% 1 yr
San Antonio, TX
$274K home$1,415 rent6.2% yield
▼ 1.9% 1 yr
McAllen, TX
$189K home$1,119 rent7.1% yield
▼ 0.4% 1 yr
El Paso, TX
$233K home$1,521 rent7.8% yield
▲ 2.5% 1 yr
Killeen, TX
$248K home$1,308 rent6.3% yield
▼ 1.5% 1 yr
Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Brownsville, TX
$205K home$1,509 rent8.9% yield
▲ 1.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.