The typical owner-occupied home in Austin is worth about $89,300, 65% below the Pennsylvania median of $254,500 and 73% below the national median of $332,700. Owners pay a median $1,230 a year in property taxes, about 1.38% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $43,594 a year, so the median home costs 2.0 times the median income (3.3 times for Pennsylvania). 72% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Austin at a glance
| Austin | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $89,300 | $254,500 | $332,700 |
| Median property tax paid per year | $1,230 | $3,311 | $3,119 |
| Property tax as a share of value | 1.38% | 1.30% | 0.94% |
| Median household income | $43,594 | $77,971 | $80,734 |
| Homes lived in by their owners | 72% | 69% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $873 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 19.4% | 21.0% |
| Median rent | $900 | $1,209 | $1,413 |
| Rent as a share of renters' income | 33.2% | 29.2% | 30.6% |
| Median year homes were built | 1956 | 1965 | 1980 |
| Vacant homes | 16.2% | 9.2% | 10.1% |
| Population | 606 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Austin
At this week's average 30-year rate of 7.11%, buying the median Austin home of $89,300 with 20% down costs about $620 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $769, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $26,592 for the 20%-down payment. That payment is 17% of the median Austin household income of $43,594; at that income and 20% down, the 28% guideline points to a home of about $146,000.
The median rent here is $900 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,860 |
|---|---|
| Loan amount | $71,440 |
| Principal and interest | $481 |
| Property taxes (1.38% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $620 |
Change the numbers in the calculator
| Down payment | $3,126 |
|---|---|
| Loan amount | $87,683 |
| Principal and interest | $590 |
| Property taxes (1.38% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $769 |
Change the numbers in the calculator
Questions about home buying in Austin
What is the median home value in Austin?
About $89,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Austin?
Homeowners pay a median $1,230 a year, which is about 1.38% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Austin?
For the median home with 20% down at 7.11%, the payment is about $620 a month. Keeping that under 28% of gross income takes about $26,592 a year.
More about Austin
- Mortgage Refinance in Austin
- Debt Relief in Austin
- Home Equity Loans in Austin
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data