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Austin

Average Value

$555,300

Average Value

Average Price per Sq Ft

$240

Average Price per Sq Ft

Home for sale

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

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

Jimmie Fudge

Jimmie Fudge

512 Realty • Austin, TX

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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

RentOwn10%20%30%40%50%60%

Migration

Population Change

Positive migration

(2024–2025)

Housing Supply

New Permits Issued:

2,269 units

Education Austin ISD

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)

Migration

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

Income & Household

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

Crime & Safety

  • Federal Bureau of Investigation – Uniform Crime Reporting Program (UCR) / Texas Department of Public Safety – Crime in Texas Report

Voting

  • U.S. Census Bureau – Current Population Survey (CPS), Voting and Registration Supplement / Local Election Data

Housing Supply

  • U.S. Census Bureau – Building Permits Survey / Federal Reserve Economic Data (FRED)