Known for the Texas Longhorns, live music, parks and lakes, along with high-paying tech jobs in the Texas capital.

32,000

Jobs Created
3.1%

$73,493

Median Household Income
3.5%

28,706

Total Housing Permits
13.6%

584

Total Number of Projects
-1.7%

$317,603

SFD New Home List Price
-0.6%

3,867

New Home Sales
20.7%
Monthly

Market Health

Austin's population is 2.1M, with a total workforce of 1.0M. The labor market grew by 32,000 jobs over the past year, up by 3.1%. The median household income in Austin is $73,493, 3.5% higher than last year and 19.8% above the national average of $61,372. In the housing market, total permits issued totaled 28,706 over the last twelve months, up 13.6% year-over-year.

Austin has 584 active new home projects on the market, 1.7% fewer than the 594 from last year. The average list price in the market is $317,603, 0.6% lower than last year and 0.8% below the national average. Over the last three months, new home contracts increased by 20.7% to 3,867. Austin and Georgetown had the highest concentration of the new home contracts in the Austin market.

Our Experts

Work with leaders in the industry.

Lloyd Vaughn

Vice President Sales, Central

Lloyd Vaughn

Vice President Sales, Central


Kimberly Byrum

Principal

Kimberly Byrum

Principal


Scott Davis

Senior Vice President

Scott Davis

Senior Vice President


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