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Home Affordability Calculator Austin, TX — 2026
Median home price in Austin: $525,000. At 6.5% on a 30-year loan with 20% down, the estimated total monthly payment (PITI) is $3,771 — requiring $161,614/year in gross income. Enter your income below for a personalised estimate.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$525,000
Income needed (annual)
$161,614
Est. monthly PITI
$3,771
Property tax/month
$919
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How much house can you afford in Austin at your salary?
Maximum home price at each income level: 6.5% rate, 30-year term, 20% down payment, no existing debt. Property tax (2.1%) and insurance (0.45%) included in the 28% front-end DTI budget.
| Annual income | Max home price | Max monthly budget | Affords Austin median? |
|---|---|---|---|
| $50,000 | $162,448 | $1,167/mo | ✗ No |
| $75,000 | $243,672 | $1,750/mo | ✗ No |
| $100,000 | $324,895 | $2,333/mo | ✗ No |
| $125,000 | $406,119 | $2,917/mo | ✗ No |
| $150,000 | $487,343 | $3,500/mo | ✗ No |
| $175,000 | $568,567 | $4,083/mo | ✓ Yes |
| $200,000 | $649,791 | $4,667/mo | ✓ Yes |
Assumes 20% down, 6.5% rate, 30-year term, zero existing monthly debt. Property tax at 2.1% effective rate; insurance estimated at 0.45% annually. PMI required below 20% down — not included here.
Monthly payment breakdown on the median Austin home
$525,000 purchase price with 20% down ($105,000) at 6.5% on a 30-year loan.
Principal & interest (30yr)
$2,655/month on a $420,000 loan at 6.5% over 30 years. Total interest paid over the life of the loan: $535,800.
Property tax (2.1% effective rate)
$919/month ($11,028/year). Austin's approximately 2.10% effective property tax rate significantly erodes the financial benefit of the price correction that has occurred. On a $525,000 home, property taxes add approximately $919/month — nearly as large as P&I itself, making total carrying costs the most important number to evaluate.
Homeowners insurance (est.)
$197/month estimated at 0.45% of home value annually. Rates vary significantly by coverage level, age of home, and local risk factors — always get quotes before closing.
Total PITI (monthly)
$3,771/month estimated. Income needed to keep this under 28% of gross monthly income: $161,614/year. Texas has no state income tax — a meaningful take-home pay advantage.
Austin housing market 2026
Austin experienced the most dramatic home price surge of any US city between 2020 and 2022, with prices rising over 70% from pre-pandemic levels. The market corrected significantly in 2023–2024 as rising rates and increased inventory tempered demand. Tech company relocations — Tesla, Oracle, Samsung, Apple — continue to support long-term employment fundamentals.
Key numbers for Austin buyers
- Median home price: $525,000 (2026 estimate)
- 20% down payment: $105,000
- Loan amount (80% LTV): $420,000
- Monthly P&I at 6.5% / 30yr: $2,655
- Monthly P&I at 6.5% / 15yr: $3,659
- Est. PITI (P&I + tax + insurance): $3,771/month
- Income needed (28% front-end DTI): $161,614/year
- State income tax: None — meaningful take-home pay advantage
Compare home affordability by city
📍 Los Angeles, CA
Median $900,000 · income needed $244,543/yr · 1.09% tax
📍 Chicago, IL
Median $330,000 · income needed $101,614/yr · 2.1% tax
📍 Houston, TX
Median $290,000 · income needed $89,143/yr · 2.09% tax
📍 Phoenix, AZ
Median $400,000 · income needed $102,429/yr · 0.65% tax
📍 Miami, FL
Median $580,000 · income needed $155,143/yr · 0.97% tax
📍 Seattle, WA
Median $740,000 · income needed $195,257/yr · 0.87% tax
📍 Denver, CO
Median $560,000 · income needed $141,171/yr · 0.54% tax
📍 Atlanta, GA
Median $385,000 · income needed $103,071/yr · 0.98% tax
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Home affordability Austin — frequently asked questions
How much house can I afford in Austin?
On a $100,000 annual income with no other debt, 20% down, and a 6.5% 30-year mortgage, you can afford approximately $324,895 in Austin. The median home price in Austin is $525,000, which requires approximately $161,614/year in gross income using the 28% front-end DTI rule (principal, interest, property tax, and insurance all within 28% of gross monthly income).
What income do I need to buy a home in Austin?
To afford Austin's median home price of $525,000 at 6.5% on a 30-year loan with 20% down, you need approximately $161,614/year in gross income. This assumes the full PITI payment of $3,771/month (P&I $2,655 + property tax $919 + insurance $197) stays within 28% of gross monthly income. Existing debts reduce this buying power further.
What is the median home price in Austin in 2026?
The estimated median home price in Austin in 2026 is approximately $525,000. This varies significantly by neighbourhood — enter the specific purchase price you are evaluating in the calculator above for a personalised estimate.
What are property taxes in Austin?
Austin, TX's effective property tax rate is approximately 2.1%. On a $525,000 home, that is roughly $919/month or $11,028/year in property taxes. Austin's approximately 2.10% effective property tax rate significantly erodes the financial benefit of the price correction that has occurred. On a $525,000 home, property taxes add approximately $919/month — nearly as large as P&I itself, making total carrying costs the most important number to evaluate.
Is Austin affordable to buy in 2026?
Austin's median home price of $525,000 requires an annual gross income of approximately $161,614 to qualify under the 28% front-end DTI rule at 6.5% with 20% down. The estimated total monthly payment (PITI) is $3,771/month. Austin experienced the most dramatic home price surge of any US city between 2020 and 2022, with prices rising over 70% from pre-pandemic levels.