Adjust font size: - +

Every day sees the arrival of more and more newcomers to Austin. With this steady increase in population comes a correspondingly high demand for both new and existing housing. More information on the housing market can be found on the Cost of Living page in Do Business.

Buying a House
Although it seems that housing costs are rising faster than other expenses in Austin, actual costs are still competitive when compared to cities now attracting similar industries and people. All areas of Austin have pockets of good residential properties, and new developments in and around the city have added a variety of beautiful, accessible and competitively priced neighborhoods. In 2008, the median price for an existing single-family home was $184,500. (Source: National Association of Realtors)

Renting an Apartment
The Austin region's apartment market in the second quarter of 2008 averaged 93 percent occupancy citywide, with rents at 97 cents per square foot.