Austin, AR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Austin, AR Housing Market Trends

With a population of 4,079, 1,249 total housing units (homes and apartments), and a median house value of $201,246, Austin real estate is some of the most expensive in Arkansas, although Austin home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Austin, accounting for 89.42% of the city's housing units. Other types of housing that are prevalent in Austin include duplexes, homes converted to apartments or other small apartment buildings ( 6.30%), mobile homes or trailers ( 4.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Austin. Owner-occupied housing accounts for 67.01% of Austin's homes, and 88.67% have either three or four bedrooms, which is average sized relative to America.

Austin homes and real estate are some of the newest in America. 74.57% of Austin's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Austin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.20%), and between 1940-1969 ( 4.35%). There's also some housing in Austin built before 1939 ( 1.88%).

Austin Home Appreciation Rates

Austin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Austin during the period has been just 2.31%, which is lower than 80% of US communities.

Over the last year, Austin appreciation rates have trailed the rest of the nation. In the last twelve months, Austin's appreciation rate has been 7.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Austin were at 1.97%, which equates to an annual appreciation rate of 8.13%.

Notably, Austin's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arkansas, our data show that Austin's latest annual appreciation rate is lower than 60% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$201,246

Austin, AR HOME PRICES

> $1,165,000
0.0%
0.0%
$874,001 - $1,165,000
0.0%
0.0%
$583,001 - $874,000
1.0%
1.0%
$466,001 - $583,000
2.2%
2.2%
$349,001 - $466,000
9.1%
9.1%
$233,001 - $349,000
26.4%
26.4%
$116,001 - $233,000
47.1%
47.1%
$59,001 - $116,000
8.1%
8.1%
$0 - $59,000
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AR

Value Relative To Nation

Number Of Homes And Apartments:
1,249

Austin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
51.17% 1.94%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Owners
67.0%
67.0%
Renters
33.0%
33.0%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
74.6%
74.6%
1970 - 1999
19.2%
19.2%
1940 - 1969
4.4%
4.4%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
89.4%
89.4%
Townhomes
0.0%
0.0%
Small Apt. Buildings
6.3%
6.3%
Apt. Complexes
0.0%
0.0%
Mobile Homes
4.3%
4.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
11.3%
11.3%
3 Bedrooms
62.0%
62.0%
4 Bedrooms
26.7%
26.7%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Austin

Zip Codes in Austin, AR