The housing market in Austin, TX (zip code 78717) is very healthy. The median value of a house here is $627,600, which is far higher than the national median of $338,100. In the last year, the appreciation rate for houses in Austin was 3.52%, which is lower than the national average of 8.27%. Despite this lower rate of appreciation, homes in Austin are still highly sought-after due to their location and features. This makes it an attractive option for prospective home buyers who want to live in a vibrant city with great amenities nearby.
The median home cost in Austin (zip 78717) is $627,600. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78717) is up 16.9%.
Average Age of Homes
- The median age of Austin (zip 78717) real estate is 13 years old
The Rental Market in Austin (zip 78717)
- Renters make up 31.8% of the Austin (zip 78717) population
- 3.3% of houses and apartments in Austin (zip 78717), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.