Austin affordability ranks 22nd out of 50 in 50 largest U.S. housing markets

A study conducted by Biz Journals.com ranked the 50 largest housing markets in the U.S. by affordability. The study looked at median home prices, household income and property taxes to find what percentage of monthly income was allocated to housing costs in each market.

Austin ranked 22, with Oklahoma City coming in # 1 (most affordable) and Los Angeles # 50 (least affordable). Austin showed the median housing cost as 26.78% of household income. This compares to a city like New York, where the cost of housing is 59% of household income. The study considers any cost under 30% as an affordable market. Other affordable markets include San Antonio (# 2), Houston ( # 8), Dallas (#15) and Nashville (#16).

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Current & Recent Listings

1402 Gorham

Recent construction in the Enclave at Gracywoods. Shopping and restaurants nearby at the Domain. Biking and hiking trails at Walnut Creek Park within walking distance.Date: Nov 21, 2011Number of Photos in Album: 29View Album

Pedernales Lofts 2401 E. 6th # 4066

Corner unit 1 bedroom loft overlooking downtown Austin. High ceilings, walls of windows, covered parking, communal garden and walking distance to commuter rail stop.Location: 2401 E. 6th St. # 4066 Austin, TX 78702Date: Jul 26, 2011Number of Photos in Album: 26View Album

5306 Halwill

Charming mid century modern home in Windsor Park. 3 beds, 2 baths, spacious kitchen and sunroom. Spacious backyard with detached garage and woodshop. Only 2 blocks to the shops at Mueller, restaurants and Bartholomew Park.Date: Jul 21, 2011Number of Photos in Album: 28View Album

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