Top 5 Most Affordable ZIP Codes in the Austin Metro Area

Top 5 Most Affordable ZIP Codes in the Austin Metro Area

A higher price-to-income ratio means that a household must divert more of their annual income from expenses like 401k’s and other investments to buy a home. Previously, Austin’s housing price-to-income ratio had been lower than the national average, but it has risen sharply to a median housing price-to-income ratio of 6.34 and an average of 7.89.

Is It Possible to Find a Cheap Home in Austin?

Is It Possible to Find a Cheap Home in Austin?

In January 2016, the median home price in the Austin metro was just under $255,000, according to data from the Austin Board of Realtors. It’s nearly doubled since then, reaching $499,995 in February. Homes listed for less than $250,000 are extremely rare. In December,...