How Much House Can I Afford in Austin, TX?
Use local market data to estimate what you can afford in Austin. The median home value is $560,000 with a population of 978,000.
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FAQ — Buying in Austin
How much house can I afford in Austin?
The median home value in Austin is $560,000. At a 20% down payment ($112,000) and a 6.37% rate, the estimated P&I payment would be roughly $2,793 per month — before taxes and insurance. Use the calculator above with your actual income and debts for a personalized answer.
What is the 28/36 rule for buying a home in Austin?
The 28/36 rule suggests your housing payment should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. In Austin with a median home price of $560,000, this means your gross monthly income should ideally be at least $9,977 to keep housing comfortably within the 28% threshold.
How do Austin property taxes affect my affordability?
Travis County has an effective property tax rate of 1.84%, which adds approximately $859 per month to your housing cost on a median-priced home.
What 2026 loan limits apply in Austin?
In 2026, the FHA loan limit for Travis County is determined by HUD based on local median home prices. The conforming limit set by FHFA is at least $832,750 — loans above this are jumbo mortgages with different qualification standards. Higher-cost counties may have elevated limits.