Investment metrics, interactive calculators, and data-driven analysis for Austin rental properties.
Pre-filled with Austin medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Austin.
Austin, TX has a population of 1,028,225 and has been growing at 2.8% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $425,000 paired with median rents of $1,850/mo produces an estimated cap rate of 2.47%.
Property taxes at 1.68% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.1x, homes cost about 5.1 times the local median income of $82,900. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.1% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Austin is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.