It comes as no surprise, with a growing tech industry, an affordable housing market and a great place to raise a family, Austin has recently been ranked as the top spot for millennials to buy a house in 2022. The City of Austin welcomes 40 times more new millennials than the other metropolitan areas. Located just 80 miles south of Austin, San Antonio is becoming an alternative to Austin, where homes are selling for $200,000 less.

The Austin Housing Market at a glance

While the housing market in Austin is as hot is ever, it is still very affordable in comparison to other desirable cities such as Denver. Currently, the medium sale price within the City of Austin is $570,000. If you are looking to live outside of the city, the medium sale price varies: