Market Analysis
Austin Rental Market
Rental investment market data and analysis · Updated September 2026
Median Home Price
$487,450
Average Monthly Rent
$2,036
Estimated Cap Rate
5.0%
Rent-to-Price Ratio
0.4%
Below 1% Rule
Market Trends
Austin metro area — % change since 2018
Home Prices
+63.1%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Manufactured | $750/mo |
| Apartment | $1,472/mo |
| Multi-Family | $1,860/mo |
| Condo | $2,193/mo |
| Townhouse | $2,332/mo |
| Single Family | $2,475/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$487,450
Down Payment (20%)$97,490
Monthly P&I$2,542
Monthly Rent$2,036
Est. NOI$14,659/yr
Est. Cash Flow-$1,321/mo
Cash on Cash-14.8%
The Austin market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Austin
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $4,875/mo to pass
- 3Above-average rents support strong gross income per unit
Ready to analyze a property in Austin?
Get instant cap rate, cash flow, and DSCR analysis on any address. Access data on 140M+ properties.