Land Foreclosures in Austin, TX 78723

Current Market Conditions in Austin, TX

Austin's real estate market is experiencing notable growth, fueled by a steady influx of new residents attracted by job opportunities and a high quality of life. The demand for housing continues to rise, leading to increased home values, although inventory is beginning to improve slightly with new constructions and listings entering the market.

The competitive nature of Austin's real estate market has encouraged prospective buyers to act quickly. Despite a slight cooling from last year due to rising mortgage rates, the overall market remains strong with properties still selling at a relatively fast pace.

Rent Prices In Austin, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Austin, TX, is on a rollercoaster ride. The average rent price in Austin, TX, is $2,067.00. Indeed, when looking to rent in Austin, TX, you can expect to pay as little as $650.00 or as much as $6,480.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in Austin, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.