How much is an acre in Austin? Land in Northeast Texas, South Texas and the Austin/Waco/Hill Country area sold for a much higher price per acre – $8,315, $8,407 and $8,684, respectively.
Is land cheaper in Texas? “Land accounted for 20.4 percent of the cost of a single-family Texas home in 2016, less than the nation’s 33.5 percent and less than the corresponding shares in the most populous states, namely California’s 61.1 percent, New York’s 31.2 percent, and Florida’s 31.4 percent.”
Is Austin still a good place to invest? Austin is among the top 10 real estate markets with the biggest increase in single-family rents year over year, according to the April 2022 report from CoreLogic. The Austin real estate market stands out due to the outperformance of the local tech industry, shift to remote work, and relative affordability.
Are Austin housing prices going down? DATA FOR THE FIRST QUARTER OF 2022. Where are we headed next? According to Moody’s Analytics, U.S. home prices are set to flatline by this time next year. Meanwhile, significantly “overvalued” housing markets like Boise and Austin are headed for a 5% to 10% trimming over the coming year.