Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Austin, TX

Housing in Austin, TX: Rent, Home Prices & Property Tax

$1,221/mo (1 bd) in Austin. Median home $434,800. Property tax 1.63%.

Compare vs Chicago Rank metros from AustinHow we figure this

Rent (1 bd): $1,221; /mo
Buy: $3,188; Mortgage, tax, insurance
Buying costs more: $1,967; /mo

State tax and rent

To buy

20% down payment$86,960
Mortgage at 6.5%$2,199
Property tax (1.63% of value)$591/mo · $7,087/yr
Insurance and upkeep$399
Monthly total$3,188

46.7% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$3,181 left each month. About 28 months (2.3 years) to save $86,960.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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