Austin has cooled meaningfully from its 2022 peak, with significant new supply pressuring rents and prices. Long-term fundamentals remain among the strongest in the country.
Median Price
$545,000
Cap Rate
4.90%
Yield
5.00%
Vacancy
8.20%
What investors should underwrite for
Austin is a long-term hold market. Cash flow today is challenging at current prices; buyers should underwrite for negative or break-even cash flow in years 1–2.
Next step
Use our rental ROI calculator with Austin-specific rents and taxes to run a complete deal-level analysis on any property you are considering.