Market Overview
Home Prices in Austin, TX
The median home value in Austin, TX is $507,622 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5% compared to a year ago and down 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Austin are priced24% above average. Austin is part of the Austin-Round Rock-Georgetown, TX metro area.
Over the past five years, Austin home values have fallen by approximately11.4%, reflecting softening conditions in this market.
Price History
Austin Home Price Trend
City Comparison
Austin vs. National Median
At $507,622, homes in Austin cost 24% above the national median of $410,000. Buyers in Austin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Austin?
20% Down Payment
$101,524
on $507,622
Monthly P&I
$2,647/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,362/mo
incl. taxes & insurance
Income Needed
$134,480
gross annual (30% rule)
10% Down Option
$50,762
+ PMI applies
Loan Amount (20% dn)
$406,098
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Austin, TX?
The median home value in Austin is $507,622 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5% year-over-year.
How much have home prices changed in Austin?
Over the past year, home values in Austin have decreased by 5%. Over five years, prices have fallen approximately 11.4%.
How much do I need to earn to buy a home in Austin?
To comfortably afford the median home price of $507,622 with a 20% down payment ($101,524) at today's rates (6.8%), you'd need a gross annual income of approximately $134,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Austin compare to the national average home price?
The national median home value is approximately $410,000. At $507,622, homes in Austin are 24% above the national average.
What metro area is Austin part of?
Austin is part of the Austin-Round Rock-Georgetown, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.