AUSTIN, Texas — It’s certainly no secret that home prices here in Central Texas have been going through the ceiling. It’s costing more than ever to buy a home in the Austin area. But there are still some relative bargains if you don’t mind moving outside Austin and commuting to work if you have to.
The median cost of a home in Austin in July reached $579,595, according to the real estate firm Zillow. Austin home prices are up nearly 40% since the first of the year.
Williamson County median home prices are fast approaching the half-million-dollar mark: just over $454,000 in Georgetown and Round Rock. Both saw home prices shoot up 46% since Jan. 1.
If you don’t mind the drive, you can find median home prices in the $300,000 range in Marble Falls, San Marcos, Bastrop, Mason, Blanco and Fredericksburg.
Zillow found median home prices in the $200,000 range in Lockhart, Giddings, Elgin, Burnet, La Grange and Smithville. Only two cities in our KVUE viewing area had median home values under $200,000 – Llano and Luling.
Zillow points out that the prices here only include the middle-price tier of homes and are seasonally adjusted.
By the way, one city in our area actually topped Austin for the highest median home value: Dripping Springs at nearly $745,000, with a nearly 41% increase in home prices over the past six months.
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