Mashvisor Home

Discover

Austin

Austin is the capital city of the state of Texas. With a population of over 981,000 people, it is the 4th most populous city in Texas and the 11th most populous city in the US. The Austin real estate market benefits from the fact that the population growth rate in the city is over three times the national rate, as estimated by PWC. Thanks to a strong annual net migration, Austin is the fastest growing large city in the US. And with more than half of the population (54.8% according to NeighborhoodScout) renting rather than owning a home, Austin rental properties enjoy particularly high demand and occupancy rates.

Austin was recently named the #1 place to live in America by Forbes for the third year in a row, based on affordability, job prospects, and quality of life. Many people flock to the city hailed for having not only the best business climate, but also the best quality of life in Texas and a relatively low cost of living. In fact, Austin has a heavy concentration of highly educated millennials and enjoys a diverse economy that is mainly based on the government, education, and technology sectors which draws people in. 

Given the nickname “Silicon Hills”, Austin is a major center for high tech and innovation. It is home to nearly 6,500 high tech companies, including Apple Inc., Google, Facebook, Dell, Amazon, eBay, and many others. Apple Inc. has plans to open a new $1 billion campus in North Austin with the capacity for 15,000 employees, making it the largest private employer in the city. The University of Texas at Austin is a major contributor to the city’s economy, with thousands of Engineering and Computer Science graduates each year finding employment in the technology and defense industry sectors. Austin is also a recognized hub for startups and is one of the most significant cities in the US for entrepreneurship. It ranked #4 of the best large cities to start a business last year in WalletHub’s annual survey. Several federal agencies, including the US Federal Government, are based in the Austin area and are some of the largest employers in the city. Austin is also emerging as a hub for biomedical and pharmaceutical companies, with about 85 of such companies located there. Other major industries in Austin include telecommunications, manufacturing, electronics, food processing, and tourism. 



The Austin real estate market was named the 6th most important US Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. According to the report, Austin is particularly attractive to real estate investors for its booming economy, demographic growth, and attractive cost structure. Despite the attractive affordability rates, a lack of affordable housing was listed as an issue, due to sheer demand. 

Austin Realtors and Real Estate Agents

Select agents


Austin  Real Estate Investment Performance
Facts and Market Trends in Austin
Homes For Sale567
Airbnb Properties2,554
Rental Properties4,016
Traditional Vacancy rate5.70%
Airbnb Occupancy Rate60.55%
Mashmeter69.47%
Median Price$544,550
Median Rent Price$2,064
Price/sqft$281
Median Days on Market80
Price to Rent Ratio22.1
Average Cap Rate
Airbnb3.10%
Traditional0.70%
Average Rental Income
Airbnb$3,531
Traditional$2,050
 
Median Household Income$55,216
Population950,715
Transportation in Austin
40 / 100
Car-Dependent
34 / 100
Some Transit
51 / 100
Bikeable
Austin  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,903$2,030$2,580$3,663$5,067
Traditional$1,210$1,102$1,463$2,106$2,563
Austin, TX - Homes for Sale - Newly Listed
Investment Properties for Sale
$357,670
MLS
5512 Shoalwood Ave
Austin, TX 78756
Brentwood
Single Family Residential
beds1 baths1,110 sq.ft.
CAP RATE
Trad. -1.19%Airbnb -0.39%
Investment Properties for Sale
$782,000
MLS
5507 Hudson Holw
Austin, TX 78759
Gateway
Single Family Residential
4 beds2 baths2,488 sq.ft.
CAP RATE
Trad. -0.32%Airbnb 1.20%
Investment Properties for Sale
$750,000
MLS 6866126
5501 Kite Tail DR
Austin, TX 78730
Gateway
Single Family Residential
4 beds4 baths3,456 sq.ft.
CAP RATE
Trad. -0.98%Airbnb 0.61%
Investment Properties for Sale
$290,000
MLS 5398217
5806 Mojave DR
Austin, TX 78745
Garrison Park
Single Family Residential
3 beds2 baths1,299 sq.ft.
CAP RATE
Trad. 1.47%Airbnb 2.60%
Top Performing Austin Properties
Investment Properties for Sale
$213,670
MLS 390057
100 Morning Quail Drive
Austin, TX 76537
North Burnett
Single Family Residential
3 beds3 baths2,084 sq.ft.
CAP RATE
Trad. 2.24%Airbnb 7.73%
Investment Properties for Sale
$350,000
MLS 2653993
2214 Gardenia DR
Austin, TX 78727
Wells Branch
Single Family Residential
4 beds2 baths1,152 sq.ft.
CAP RATE
Trad. 2.35%Airbnb 7.68%
Investment Properties for Sale
$199,900
MLS 6989965
7000 Walkup LN
Austin, TX 78747
Franklin Park
Single Family Residential
3 beds2 baths1,246 sq.ft.
CAP RATE
Trad. 3.78%Airbnb 7.50%
Investment Properties for Sale
$425,000
MLS 9702694
2600 Indian Creek
Austin, TX 78734
Barton Creek
Single Family Residential
3 beds3 baths2,334 sq.ft.
CAP RATE
Trad. 1.76%Airbnb 7.41%
Recently Sold Homes in Austin, TX
Investment Properties for Sale
$275,990
MLS 5487379
5513 Charles Merle DR #B
Austin, TX 78747
Franklin Park
Multi Family
3 beds3 baths1,810 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$288,650
MLS 7265926
5517 Charles Merle DR #A
Austin, TX 78747
Franklin Park
Multi Family
3 beds3 baths1,810 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$283,990
MLS 6892026
8708 Whitter DR #A
Austin, TX 78747
Franklin Park
Multi Family
3 beds3 baths1,802 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$283,990
MLS 5640165
8712 Whitter DR #A
Austin, TX 78747
Franklin Park
Multi Family
3 beds3 baths1,802 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the Austin Housing Market

The Austin real estate market has witnessed a strong real estate appreciation in recent years. Since Q1 of 2000, Austin properties have experienced a total appreciation of 148.47% according to NeighborhoodScout, which is an average annual home appreciation rate of 4.84%. Property value is still climbing in the Austin housing market as Zillow reports an appreciation of 6% in 2018. The huge number of people and companies moving to Austin is behind this increase in home prices. Still, Austin home prices remain relatively affordable compared to other top markets in the US. That’s why buying an investment property in Austin makes for a good real estate investment.


The Austin housing market is currently a warm seller’s market. Housing inventory is low, while demand from homebuyers and real estate investors continues to rise as the population grows. This situation enables Austin real estate investors to enjoy high real estate appreciation.

Austin, TX Top Multi Family Homes
Investment Properties for Sale
$615,000
MLS 2975639
7304 Duval ST
Austin, TX 78752
Highland
Multi Family
0 beds0 baths3,904 sq.ft.
CAP RATE
Trad. 2.27%Airbnb N/A
Investment Properties for Sale
$260,000
MLS 5089622
705 Valdez ST
Austin, TX 78741
Montopolis
Multi Family
0 beds0 baths1,318 sq.ft.
CAP RATE
Trad. 1.64%Airbnb N/A
Investment Properties for Sale
$275,000
MLS 9078593
7609 Carver AVE
Austin, TX 78752
St. Johns
Multi Family
0 beds0 baths1,394 sq.ft.
CAP RATE
Trad. 1.10%Airbnb N/A
Investment Properties for Sale
$244,900
MLS 6325700
7514 Bethune AVE
Austin, TX 78752
St. Johns
Multi Family
0 beds0 baths1,506 sq.ft.
CAP RATE
Trad. 0.80%Airbnb N/A
Homes Below Median Price in the Austin, TX Real Estate Market
Investment Properties for Sale
$213,670
MLS 390057
100 Morning Quail Drive
Austin, TX 76537
North Burnett
Single Family Residential
3 beds3 baths2,084 sq.ft.
CAP RATE
Trad. 2.24%Airbnb 7.73%
Investment Properties for Sale
$350,000
MLS 2653993
2214 Gardenia DR
Austin, TX 78727
Wells Branch
Single Family Residential
4 beds2 baths1,152 sq.ft.
CAP RATE
Trad. 2.35%Airbnb 7.68%
Investment Properties for Sale
$199,900
MLS 6989965
7000 Walkup LN
Austin, TX 78747
Franklin Park
Single Family Residential
3 beds2 baths1,246 sq.ft.
CAP RATE
Trad. 3.78%Airbnb 7.50%
Investment Properties for Sale
$425,000
MLS 9702694
2600 Indian Creek
Austin, TX 78734
Barton Creek
Single Family Residential
3 beds3 baths2,334 sq.ft.
CAP RATE
Trad. 1.76%Airbnb 7.41%
Austin Airbnb Growth and Regulations

The short-term rental industry in Austin has thrived in recent years. The city’s scenic parks, lakes, and famous music festivals pull in millions of tourists each year. Austin is by far the most popular destination for Airbnb rentals in Texas, with 30% of the 1.5 million arrivals in the state staying in Austin short-term rentals in 2017. 

In 2016, Austin passed a number of regulations for short-term rentals (STRs). The Airbnb regulations phase out and will ultimately outlaw non-owner occupied short-term rentals in residential areas, which are referred to as “Type 2 STRs”. The full ban on Type 2 STRs will come into effect by April 1, 2022. Therefore, to operate within the bounds of the new Airbnb Austin regulations, the owner of a short-term rental property must be on site during the guests’ stay: This type of rental is referred to as “Type 1 STR”. Another possibility is to operate a short-term rental that is part of a multi-family residence (“Type 3 STR”). 

Owners of short-term rentals are required by the city of Austin to obtain an operating license costing $500 and renew it annually for $300. This applies to all properties rented out for less than 30 consecutive days. The licensing process requires Airbnb hosts to pay Hotel Occupancy Taxes and also obtain a Certificate of Occupancy. 

The regulations also impose certain requirements for advertising, set requirements related to noise and music, set occupancy limits, prohibit certain types of gatherings, establish inspection-related requirements, and give city officials the authority to deny, suspend or revoke licenses if any of the rules are not followed.

Austin, TX Top Airbnb Homes
Austin Airbnb
$87 per night
Entire home/apt · 1 bed
Backyard Cottage in Central Austin
878
Austin Airbnb
$132 per night
Austin Airbnb
$81 per night
Entire home/apt · 1 bed
South Congress Studio Apartment
694
Austin Airbnb
$112 per night
Entire home/apt · 1 bed
Downtown Austin Texas Condo
674
Austin, TX Homes for Rent
Investment Properties for Sale
$2,700
MLS 2594212
1600 Barton Springs RD #1405
Austin, TX
Zilker
Apartment
2 beds2 baths1,133 sq.ft.
Investment Properties for Sale
$2,500
MLS 9534264
8814 Laverty PL
Austin, TX
Georgian Acres
Single Family
3 beds1 baths1,304 sq.ft.
Investment Properties for Sale
$2,400
MLS 1911594
2208 Capulet ST
Austin, TX
Montopolis
Apartment
3 beds3 baths1,847 sq.ft.
Investment Properties for Sale
$1,300
MLS 4506564
12219 Dundee DR
Austin, TX
Gateway
Multi Family
2 beds1 baths1,556 sq.ft.
Austin, TX Open Houses
Investment Properties for Sale
Open 1 PM to 3 PM
$498,000
MLS 4258204
12222 Tanglewild DR
Austin, TX 78758
North Burnett
Single Family Residential
3 beds3 baths2,762 sq.ft.
CAP RATE
Trad. 0.10%Airbnb 2.46%
Investment Properties for Sale
Open 1 PM to 3 PM
$450,000
MLS 5967282
6106 TASAJILLO TRL
Austin, TX 78739
West Oak Hill
Single Family Residential
2 beds2 baths1,508 sq.ft.
CAP RATE
Trad. -0.30%Airbnb 0.05%
Investment Properties for Sale
Open 1 PM to 3 PM
$415,000
MLS 4681150
10239 Pinehurst DR
Austin, TX 78747
Sweet Briar
Single Family Residential
4 beds3 baths2,490 sq.ft.
CAP RATE
Trad. 0.76%Airbnb 0.07%
Investment Properties for Sale
Open 1 PM to 3 PM
$299,900
MLS 1211619
5209 Tower TRL
Austin, TX 78723
MLK 183
Single Family Residential
3 beds2 baths1,224 sq.ft.
CAP RATE
Trad. 0.72%Airbnb 3.22%
Best Austin Neighborhoods for Buying Investment Property
71%
Mashmeter
property price
$550,000
Median
cap rate
4.99%
Traditional
10.36%
Airbnb
rental income
$2,287
Traditional
$4,748
Airbnb
homes for sale
9
occupancy rate
68%
Airbnb
72%
Mashmeter
property price
$464,950
Median
cap rate
6.16%
Traditional
12.30%
Airbnb
rental income
$2,385
Traditional
$4,767
Airbnb
homes for sale
8
occupancy rate
68%
Airbnb
72%
Mashmeter
property price
$274,500
Median
cap rate
10.92%
Traditional
18.77%
Airbnb
rental income
$2,498
Traditional
$4,293
Airbnb
homes for sale
1
occupancy rate
65%
Airbnb
69%
Mashmeter
property price
$450,000
Median
cap rate
5.59%
Traditional
11.26%
Airbnb
rental income
$2,096
Traditional
$4,222
Airbnb
homes for sale
5
occupancy rate
68%
Airbnb
67%
Mashmeter
property price
$1,900,000
Median
cap rate
1.51%
Traditional
2.44%
Airbnb
rental income
$2,384
Traditional
$3,871
Airbnb
homes for sale
3
occupancy rate
68%
Airbnb