United States · North America · Population: 1,000,000
Austin is relatively affordable for homebuyers, with a slight cooling in the housing market. The city has above-average rental costs. At $450,000 average home price in United States, buyers should consider the 6.2x price-to-income ratio when planning a purchase.
| Average Home Price | $450,000 |
| Price per sqm | $4,800 |
| Price-to-Income Ratio | 6.2x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | -2.5% |
| 1-Bedroom Apartment | $1,700/mo |
| 3-Bedroom Apartment | $2,600/mo |
| Rent-to-Income Ratio | 25% |
| Median Household Income | $73,000/year |
| Years to Buy (at median income) | 6.2 years |
| Local Currency | USD |
With a price-to-income ratio of 6.2x, Austin offers reasonable opportunities for homebuyers compared to global averages. Home prices have decreased 2.5% in the past year.
Cities worldwide with home prices closest to Austin
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