The typical home in Austin, TX is worth about $450,000.
With 20% down that's a loan near $360,000 — the calculator
is pre-filled with that figure. Austin overshot during the pandemic boom and has been correcting as a wave of new apartments and homes came online. Property taxes near 1.8% and climbing insurance premiums keep the effective monthly cost high even as prices ease.
$2,337.35 / month
Total interest
$481,442
Total paid
$841,442
Payoff
30.0 years
How much you need to earn
Austin, TX's median household income is about
$88,000 a year. Under standard 28/36
lending rules that supports a home price around
$266,354 with 20% down —
below the $450,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Austin, TX is about $1,700 a month, so owning the median home costs roughly
$1,546 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Austin, TX?
On the metro's roughly $450,000 typical home with 20% down, the loan is about $360,000. Principal and interest run near $2,337 a month at today's rate, and Austin, TX's property tax plus insurance add about $908, for a full payment near $3,246.
Can I afford a home in Austin, TX on the median income?
The median household income is about $88,000 a year. Under standard 28/36 lending rules that supports a home price around $266,354 with 20% down — below the $450,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Austin, TX?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $3,246, so owning costs roughly $1,546 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Austin, TX?
The effective property tax rate in the core county is about 1.80% of market value — roughly $8,100 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Austin, TX rising or falling?
Home values are down about 3% over the past year. Austin overshot during the pandemic boom and has been correcting as a wave of new apartments and homes came online. Property taxes near 1.8% and climbing insurance premiums keep the effective monthly cost high even as prices ease.