Skip main navigation

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

Austin, TX (Last updated: September 16, 2026)

Austin is the Texas capital and the core city of the Austin-Round Rock metro area. Set along the Colorado River at the eastern edge of the Hill Country, it combines a dense downtown with wooded greenbelts, limestone terrain, reservoirs, and lower-density neighborhoods extending in multiple directions.

Housing includes downtown condominiums, apartment communities, townhomes, bungalows, midcentury houses, and newer single-family construction. The city has a mix of owner-occupied and rental housing, with costs varying by neighborhood, home type, age, and proximity to central employment areas. The average home value is $497,418, down 3.7% over the past 12 months. The average rent is $1,586/mo, up 0.1% over the same period.

State government, the University of Texas at Austin, technology companies, health care systems, and business services are major employment anchors. Interstate 35 and MoPac Expressway are primary travel corridors, while CapMetro operates bus service and commuter rail. Walkability is strongest downtown and in compact central districts, with conditions varying across the broader city. Austin-Bergstrom International Airport provides regional and long-distance connections.

Lady Bird Lake, Barton Springs, Zilker Park, and the Barton Creek Greenbelt form prominent recreational networks for walking, cycling, paddling, and access to natural areas. Daily-life infrastructure includes neighborhood retail centers, grocery stores, libraries, medical facilities, restaurants, and local trails. Live-music venues, museums, theaters, public art, and cultural institutions reinforce Austin’s longstanding identity as a center for music and creative activity.

Average home value
$497,418-3.7% YoY
Average rent
$1,586+0.1% YoY
Homes for sale
4,950
Homes for rent
26,340
Walk score
46
Transit score
26
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)
$497,418-3.7% YoY
$486K$507K$528KAugSepOctNovDecJanFebMarAprMayJunJulAug

The average home value in Austin is $497,418, down 3.7% 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 setting your budget.

Austin rental prices

Zillow Observed Rent Index (ZORI)
$1,586/mo+0.1% YoY
$1,550$1,575$1,599AugSepOctNovDecJanFebMarAprMayJunJulAug

The average rent in Austin is $1,586/mo, up 0.1% over the past 12 months, indicating little change. As a renter, you should aim to spend no more than 30% of your gross monthly income on rent when planning your budget.

How competitive is Austin Housing?

Buyers: market comparison

Austin’s for-sale market has lower competitiveness, with a market temperature of 44 and a 76-day pace to pending. Round Rock and Pflugerville are more competitive and have shorter days on market, while San Marcos has a slower for-sale pace than Austin.

  • Most competitive nearby marketRound Rock is the most competitive nearby market, with the highest market temperature and shortest days on market among the comparison regions.
  • Nearby market with more choiceRound Rock offers the most for-sale choice among the nearby markets, with 840 active listings.
  • Nearby market that's more affordableSan Marcos is the lower-cost nearby option based on home values, both relative to Austin and the other comparison markets.
  • Closest comparable market conditionsCedar Park is the closest comparison, with a similarly lower market temperature and a for-sale pace near Austin’s, though its active inventory is smaller.
RegionAverage home valueInventoryDays on marketCompetitivenessKey driver
Austin$497,418High76 daysLowerLarge inventory and a 76-day for-sale pace
Round Rock$398,221High61 daysModerateHighest temperature and shortest for-sale pace
Cedar Park$461,620Low70 daysLowerLow inventory with a 70-day for-sale pace
San Marcos$306,851Low87 daysLowerLongest days on market among compared regions
Pflugerville$366,482Moderate65 daysModerateModerate temperature and a shorter for-sale pace

Renters: market comparison

Austin and all four nearby rental markets are categorized as excess supply, placing each in the lower competitiveness tier. Austin has the largest active rental inventory, while its median active rental listing age of 54 days is close to San Marcos and higher than the other nearby markets.

  • Most competitive nearby marketNo nearby market has a higher rental competitiveness category: Round Rock, Cedar Park, San Marcos, and Pflugerville are all categorized as excess supply. Cedar Park has the smallest active rental inventory and a median active rental listing age of 34 days.
  • Nearby market with more choiceRound Rock has the most rental choice among the nearby markets, with 1,023 active rentals.
  • Nearby market that's more affordableSan Marcos is the lower-cost nearby rental market relative to Austin and the other comparison regions.
  • Closest comparable market conditionsRound Rock is a useful comparison because it shares Austin’s excess-supply status and has the largest active rental inventory among the nearby markets.
RegionAverage rentInventoryAverage listing ageCompetitivenessKey driver
Austin$1,586/moHigh54 daysLowerExcess supply and 54-day median active rental listing age
Round Rock$1,741/moHigh41 daysLowerExcess supply with the largest nearby rental inventory
Cedar Park$1,727/moLow34 daysLowerExcess supply and 34-day median active rental listing age
San Marcos$1,428/moModerate56 daysLowerExcess supply and 56-day median active rental listing age
Pflugerville$1,639/moLow39 daysLowerExcess supply and 39-day median active rental listing age

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 the five regions, while its monthly rent is below Round Rock, Cedar Park, and Pflugerville but above San Marcos. Austin combines denser central districts with more varied bus, rail, walking, and biking options, while the nearby regions are generally lower-density and more road-oriented.

MetricAustinRound RockCedar ParkSan MarcosPflugerville
$575,769$405,808$494,327$313,500$372,583
Average rent priceExplore price per unit size
$1,586/mo$1,741/mo$1,727/mo$1,428/mo$1,639/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 4,950 homes for sale and 26,340 homes for rent in Austin. (Listing data as of )

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.