Skip main navigation

What's it like to live in Austin, TX?

Austin, TX (Last updated: July 27, 2026)

Austin is the capital of Texas and the central city of the Austin-Round Rock metro area. Its landscape combines limestone hills, creek corridors, mature tree cover, and the Colorado River, which forms a chain of reservoirs through the city. Downtown towers, established bungalow districts, and newer mixed-use corridors create a varied urban form.

Housing includes owner-occupied and rental options ranging from downtown condominiums and apartments to duplexes, bungalows, townhomes, and detached houses. The average home value is $507,622, down 5.0% over the past 12 months. The average rent is $1,615/mo, down 2.1% over the same period, while prices and housing types vary by location and property characteristics.

Austin’s economy includes state government, higher education, technology, healthcare, manufacturing, and creative industries. Major employment areas include downtown, the University of Texas campus, North Austin, and business corridors extending toward Round Rock. Interstate 35, MoPac Expressway, and regional toll roads structure many commutes. CapMetro operates bus service and commuter rail, while walkability and transit access vary considerably across neighborhoods.

Lady Bird Lake, Barton Springs, the Barton Creek Greenbelt, and an extensive network of parks and trails shape recreation within the city. Daily amenities range from neighborhood retail centers and grocery stores to dining districts along South Congress, East Austin, and downtown. Music venues, museums, libraries, theaters, and the Texas State Capitol contribute to Austin’s cultural landscape, while mixed-use development continues to add housing and services along major corridors.

Average home value
$507,622-5.0% YoY
Average rent
$1,615-2.1% YoY
Homes for sale
5,060
Homes for rent
27,134
Walk score
46
Transit score
27
Walk and transit scores are based on listings near the region's geographic center.

What are Austin home prices and rents today?

How sale and rent prices have moved over time, and where Austin sits today.

Austin house prices

Zillow Home Value Index (ZHVI)
$504,148-4.4% YoY
$492K$516K$540KJulAugSepOctNovDecJanFebMarAprMayJunJul

The average home value in Austin is $507,622, down 5.0% over the past 12 months. As a buyer, you should aim to keep your mortgage payment at or below 28% of your gross monthly income when deciding what you can afford.

Austin rental prices

Zillow Observed Rent Index (ZORI)
$1,610/mo-1.0% YoY
$1,584$1,613$1,641JulAugSepOctNovDecJanFebMarAprMayJunJul

The average rent in Austin is $1,615/mo, down 2.1% over the past 12 months. As a renter, you should aim to spend no more than 30% of your gross monthly income on rent when setting your budget.

How competitive is Austin Housing?

Buyers: market comparison

Austin's for-sale market is moderately competitive, with a market temperature of 46 and homes averaging 71 days on market. Cedar Park has the quickest nearby pace, while San Marcos has a lower market temperature and a longer for-sale timeline.

  • Most competitive nearby marketCedar Park has the fastest for-sale pace at 49 days on market, along with a moderate market temperature and low relative inventory.
  • Nearby market with more choiceRound Rock has the most active for-sale listings among the nearby markets.
  • Nearby market that's more affordableSan Marcos is the lowest-cost nearby market based on typical home value.
  • Closest comparable market conditionsPflugerville is the closest comparison, with 73 days on market versus Austin's 71 and both markets in the moderate temperature band.
RegionAverage home valueInventoryDays on marketCompetitivenessKey driver
Austin$507,622High71 daysModerateLarge inventory and moderate temperature
Round Rock$407,038High67 daysModerateModerate temperature with sizable inventory
Cedar Park$473,251Low49 daysModerateShortest for-sale pace
San Marcos$310,919Low95 daysLowerLonger for-sale pace
Pflugerville$375,312Moderate73 daysModerateAustin-like pace and moderate temperature

Renters: market comparison

Austin and all four nearby rental markets are classified as having excess supply, placing each in the lower competitiveness category. Austin has substantially more active rentals than any nearby market, and its active rental listings average 63 days old.

  • Most competitive nearby marketAll four nearby rental markets have excess supply. Cedar Park stands out with the lowest nearby active rental inventory and a 36-day average active rental listing age.
  • Nearby market with more choiceRound Rock has the most active rentals among the nearby markets.
  • Nearby market that's more affordableSan Marcos is the lowest-cost nearby rental market based on current rent.
  • Closest comparable market conditionsRound Rock is the closest comparison because it also has excess supply and the largest active rental inventory among the nearby markets.
RegionAverage rentInventoryAverage listing ageCompetitivenessKey driver
Austin$1,615/moHigh63 daysLowerExcess supply; 63-day average active rental listing age
Round Rock$1,713/moHigh41 daysLowerExcess supply with high relative inventory
Cedar Park$1,735/moLow36 daysLowerExcess supply with low relative inventory
San Marcos$1,408/moModerate52 daysLowerExcess supply; 52-day average active rental listing age
Pflugerville$1,699/moLow36 daysLowerExcess supply with low relative inventory

Understand affordability

Mortgage calculator

Estimate what it takes to own in this area. Zillow's mortgage calculator helps buyers understand their potential monthly payment-including principal, interest, taxes, and insurance-so they can quickly gauge what home prices fit their budget in this market. Adjust key factors like down payment and interest rate to see how affordability changes and confidently move into your home search.

Mortgage calculator preview

Rent vs. buy calculator

Not sure whether to rent or buy in this community? This tool compares the long-term costs of both options and shows your breakeven point: the time it takes for buying to become more affordable than renting. Use it to understand how local home prices, rents, and your timeline impact the smarter financial move before starting your search.

Rent vs. buy calculator preview

Rent affordability calculator

See what you can comfortably afford to rent in this area. By factoring in your income, budget, and expenses, Zillow's rent affordability tools help you set a realistic price range-so you can focus on listings that fit your lifestyle and avoid stretching beyond your means as you explore rentals in this market.

Rent affordability calculator preview

How does Austin compare to nearby cities

Austin has the highest median sale price among these regions, while its monthly rent is below Round Rock, Cedar Park, and Pflugerville but above San Marcos. It also has the most urban physical character and broadest transit network, while the nearby regions feature lower-rise development, highway access, parks, and regional destinations.

MetricAustinRound RockCedar ParkSan MarcosPflugerville
$586,710$402,048$519,500$332,333$374,167
Average rent priceExplore price per unit size
$1,615/mo$1,713/mo$1,735/mo$1,408/mo$1,699/mo
Transit access
Broad bus and rail networkLocal buses and highway accessCommuter rail and highway accessLocal buses and Amtrak accessRoad-focused access near SH 130
Neighborhood vibe
Dense core with greenbeltsSuburban streets and limestone parksLow-rise corridors and wooded parksHistoric core along riverLow-rise neighborhoods and lake parks
Top POIs
Texas State Capitol (Landmark); Lady Bird Lake (Lake); Zilker Metropolitan Park (Park)Dell Diamond (Stadium); The Round Rock (Landmark); Old Settlers Park (Park)H-E-B Center at Cedar Park (Arena); Brushy Creek Lake Park (Park); Lakeline Park (Park)San Marcos River (River); The Meadows Center (Nature Center); Wonder World Cave (Cave)Lake Pflugerville (Lake); Typhoon Texas Waterpark Austin (Water Park); Pfluger Park (Park)

Start your search in Austin

Start shopping for homes in Austin. Find 5,060 homes for sale and 27,134 homes for rent in Austin.

Homes for sale in Austin

See all
Skip to the end of the carouselSkip to the beginning of the carousel

Homes for rent in Austin

See all
Skip to the end of the carouselSkip to the beginning of the carousel

Interested in less expensive properties?

Cheapest houses for sale in Austin

See all
Skip to the end of the carouselSkip to the beginning of the carousel

Cheapest properties for rent in Austin

See all
Skip to the end of the carouselSkip to the beginning of the carousel

More shopping resources

Powered by Zillow data and AI Technology.