Austin, TX

What’s it like buying a home in Austin?

Austin feels like a tech hub with a southern soul. You get live music, tacos, and a lot of people who moved here for work. The housing market is competitive. Homes often get multiple offers and go fast. If you are okay with that pace and you like the vibe, buying here can be a solid move. Just come in with a clear budget and a good loan team so you can act when you find the right place.

What’s the average home price in Austin?

The median home price in Austin is around $550,000. Prices have cooled a bit from the peak but are still high compared to most of Texas. You will see a wide range: fixer-uppers in the low $300s and new builds well over $1M. Trend has been sideways to slightly up. Know your numbers before you shop so you do not overstretch.

What are the best neighborhoods in Austin for families?

Families often look at Round Rock and Cedar Park for strong schools and more space. Pflugerville is another option with good value and solid schools. In the city, Mueller is a master-planned area with parks and family-friendly events. South Austin neighborhoods like Circle C and Onion Creek offer solid schools and a bit more room. Each has a different price point and commute, so visit and compare.

What mortgage rates are available in Austin?

Rates are set at the national level. Your rate in Austin is the same as in Dallas or Houston for the same loan type. What does change is how much house you can buy with your payment. Higher prices here mean you may need a larger loan or a bigger down payment to keep your monthly payment where you want it. We shop 100+ lenders so you get the best rate for your situation.

What loan programs work best in Austin?

Conventional loans are common for buyers with strong credit. FHA is popular with first-timers and lower down payments. VA loans are big here too. Fort Cavazos (formerly Fort Hood) is within driving distance, and many veterans and active-duty families settle in the Austin area. If you have VA eligibility, zero down and no PMI can go a long way in this market.

How much do you need for a down payment in Austin?

At a $550,000 median, 3% down is about $16,500 (conventional first-time programs). FHA at 3.5% is about $19,250. VA can be zero down. 20% down would be $110,000. Closing costs and reserves on top of that. Run your own numbers with your price range and we can show you what you qualify for and what it costs.

What are property taxes like in Austin?

Austin and Travis County property taxes run around 1.80% or so of assessed value. That is high by national standards. On a $550,000 home you could pay roughly $10,000 or more per year in property tax. Factor that into your monthly budget. It is often the biggest surprise for out-of-state buyers.

Austin vs San Antonio: which is better for homebuyers?

Austin is pricier and more competitive. San Antonio has lower home prices and a slower pace. Austin has more tech jobs and a younger, busier feel. San Antonio has strong military presence and a more traditional Texas vibe. If budget and space matter most, San Antonio wins. If you want the Austin lifestyle and can afford it, Austin has a lot to offer.

Is Austin a good real estate investment?

Austin has had strong appreciation over the years. Demand from relocations and job growth has supported prices. Rental demand is solid. Investment is not guaranteed, but the fundamentals have been good. Do your own math on rent vs buy and hold period. We can help you see what loan options make sense for an investment purchase.

Who’s the best mortgage lender in Austin?

We are biased, but we think working with a broker beats going to one bank. Mpire Direct shops your loan across 100+ lenders so you get the best rate and terms for your situation. We know the Austin market and we close fast. Take our 60-second quiz to see what you qualify for. No credit pull, no commitment.