House prices in the Austin-Round Rock metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached 450,000 U.S. dollars, down by about 10.4 percent from 2022. This was substantially higher than the average house price in Texas.

In the Annual Budget Document, the Budget Office presents information about the annual cost of various city services/fees for the typical ratepayer. These services and fees include Austin Energy, Austin Water, Austin Resource Recovery, the Clean Community Fee, the Transportation User Fee, the Drainage Utility Fee, and the Property Tax Bill. For this measure, the total yearly impact for the typical ratepayer is calculated by adding the yearly rates for major service or fees: Total Yearly Impact = Austin Energy Yearly Rate + Austin Water Yearly Rate + Austin Resource Recovery Yearly Rate + Clean Community Fee Yearly Rate + Transportation User Fee Yearly Rate + Drainage Utility Fee Yearly Rate + Property Tax Bill Yearly Rate. After finding the total yearly impact, the dollar amount and percentage increase of major rates and fees can be calculated: Dollar Amount Increase = Proposed Rate for Current Fiscal Year - Actual Rate for Previous Fiscal Year; Percent Increase = Dollar Amount Increase / Actual Rate for Previous Fiscal Year

The monthly median asking rent for unfurnished apartments in the United States rose by about ** U.S. dollars in 2024. In the third quarter of 2024, the median rent amounted to ***** U.S. dollars, up from ***** U.S. dollars in 2023. This increase was in line with a decade of steady growth, interrupted only in 2020 during the COVID-19 pandemic and in 2023. The U.S. rental market As rental apartment vacancy rates fall, rents are on the rise. This makes it more difficult for Americans to, first, find an apartment to rent, and second, find an apartment which they can afford. Nevertheless, renting has become much more common in recent years, with the number of renter households having substantially increased in the past two decades. In 2024, there were approximately **** million renter households in the U.S. Rents in different states Of course, rents vary from state to state. The most expensive rents are found in Hawaii, California, District of Colombia, New Jersey, and Florida. Following the COVID-19 pandemic, growth was the strongest in the Sun Belt states, and especially in states with lower costs of living, such as Texas. In Austin, TX, the average rent soared by nearly ** percent in 2021, and remained elevated, despite a slight decline in 2023.