Data show Austin is indeed affordable — with a huge, scary exception

Austin

AUSTIN (Austin Business Journal) — Austin is often touted as the dream alternative to high-cost coastal cities, but steeply rising housing prices — and pretty much only that — are threatening the city’s reputation as an affordable place to land. 

The cost of buying a home is a major roadblock for many would-be buyers. Home prices rose about 10% over the national average over the past year. The director of community affairs for Austin Habitat for Humanity explains Austin’s land development code is outdated which is causing houses to be more expensive.

The overall cost of living remains below the national average, including the cost of rent. Other costs, including groceries and utilities, also remain below the national average.

Read the full story on Austin Business Journal’s website.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Austin-Travis County

More Austin-Travis County News

Tracking the Coronavirus

Coronavirus Cases Tracker

Latest Central Texas COVID-19 Cases

More Coronavirus Live Blogs

Trending Stories

Don't Miss