Mortgage Rates in Austin, Texas: 2026 Guide
Current mortgage rates in Austin. 30-year fixed: 6.65%. Median home price: $470,000.
Current Mortgage Rates in Austin
| Loan Type | Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.65% | 6.730% | $2,414/mo |
| 15-Year Fixed | 6.13% | 6.200% | $3,199/mo |
| 5/1 ARM | 6.03% | 6.380% | $2,262/mo |
* Based on 20% down. Actual rates vary.
Median Home Prices in Austin
The median home price in Austin is $470,000, well above the Texas state median of $345,000. Central Austin neighborhoods command a significant premium, while suburbs like Round Rock, Cedar Park, and Kyle offer more affordable options for buyers.
Cost of Living & Property Taxes
Texas has no state income tax. Annual property taxes on a median-priced home: $8,460 ($705/mo) at 1.8%.
Austin Market Insights
Austin has experienced explosive growth over the past decade, driven by tech industry expansion and an influx of residents from California and other states. While home prices have cooled somewhat from pandemic-era peaks, they remain significantly higher than the Texas average. The market still attracts strong buyer interest, particularly in central neighborhoods like Zilker, South Congress, and East Austin. Property taxes are a key consideration given Texas’s higher rates.