Home Values in Austin, Texas — 2026 Market Report
Updated March 2026 | Balanced Market | +4.2% YoY
The median home value in Austin, Texas is $450,000 as of March 2026, which is above the national median of $400,000. Home values in Austin have increased by 4.2% over the past year and 22.8% over the last five years. With a population of 978,908 and a median household income of $75,413, the price-to-income ratio stands at 6.0x, making Austin affordable for the average household.
Austin Housing Market Conditions
| Metric | Austin | National Avg |
|---|---|---|
| Median Home Value | $450,000 | $400,000 |
| YoY Appreciation | +4.2% | +3.8% |
| 5-Year Appreciation | +22.8% | +22.4% |
| Price per Sq Ft | $164 | $222 |
| Days on Market | 30 days | 45 days |
| Months of Supply | 3.9 | 3.5 |
| List-to-Sale Ratio | 99.9% | 98.5% |
| Monthly Homes Sold | 411 | — |
| Foreclosure Rate | 0.52% | 0.3% |
Home Value Trends in Austin
A homeowner who purchased at the median price of $366,450 five years ago in Austin would have gained approximately $83,550 in equity, representing a 22.8% return on investment. Over the past year alone, the typical homeowner gained $18,138 in home equity.
Affordability in Austin, TX
With a median household income of $75,413 and a median home price of $450,000, the price-to-income ratio in Austin is 6.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,665 compared to estimated monthly ownership costs of $2,813 gives a rent-vs-buy ratio of 1.06. In Austin, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Austin
The effective property tax rate in Texas is 1.8%. On a home valued at $450,000, the estimated annual property tax bill is $8,100, or approximately $675/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Austin is 103 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Austin, TX?
The median home value in Austin, Texas is $450,000 as of March 2026. Home values have changed +4.2% over the past year, with a 5-year appreciation of 22.8%.
Is Austin a buyer's or seller's market?
Austin is currently a balanced market with 3.9 months of housing supply. Homes spend an average of 30 days on market, and the list-to-sale price ratio is 99.9%. Supply and demand are relatively balanced.
Are home values going up in Austin?
Yes, home values in Austin have increased by 4.2% over the past year. The 5-year appreciation rate is 22.8%, meaning a home worth $366,450 five years ago is now worth $450,000.
Is it better to rent or buy in Austin?
The average monthly rent in Austin is $2,665, while estimated monthly homeownership costs are approximately $2,813. The price-to-rent ratio is 14.1. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Texas Cities
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Disclaimer: Home value data for Austin, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.