Compared to other major business centers, Austin is well known for offering affordable living. The National Association of Realtors reports that the median home price in Austin was $163,800 in 2005 while the national median was $219,000.
The combination of a relatively high family income along with the comparatively affordable home prices makes Austin an attractive option for both families and investors. When looking at data from across the country, it is clear that Austin is poised with opportunity. Check out the figures below, compiled by Coldwell Banker, that compare the median home price for "Middle Management Housing" described as a 2,200 square foot, four bedroom single-family home with two and 1/2 baths, a family room, and a two car garage .
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