Austin, MN Housing Market
AI-powered market intelligence for the Austin, MN metro area.
PropertyIQ Scores
Austin, MN Market Analysis
Market Overview
Austin, Minnesota’s housing market earns a PropertyIQ Score of 83/100, placing it in relatively strong territory. The top score drivers are 12-month home value momentum of 9.43%, 3-month home value momentum of 0.78%, median days on market of 42 days, and a price-cut share of 18.8%. These metrics point to meaningful annual price movement, slower recent momentum, steady turnover, and moderate seller adjustments.
Compared with state benchmarks, Austin is markedly more affordable. Median home value is $207,734, well below the state average of $356,066. Rent index is $1,016 versus $1,235 statewide, and median household income is $71,495 versus $87,556. Unemployment matches the state at 4.4%. Although local incomes are lower, home values are lower by a wider margin, giving Austin a cost advantage.
Overall, this is a moderate-to-strong market supported by affordability and balanced sales conditions rather than speculation. Population growth is not available in the supplied data, so demographic momentum cannot be assessed.
Key Trends
The first trend is cooling price momentum. The data shows 12-month home value momentum of 9.43%, but 3-month momentum is only 0.78%. The median home value year-over-year change is -$10, essentially flat. That suggests earlier appreciation has moderated and the typical home value has stabilized.
A second trend is balanced selling conditions. There are 109 homes for sale, and median days on market is 42 days. That is neither overheated nor sluggish. A price-cut share of 18.8% shows sellers adjust when needed, but most listings are not cutting price.
Affordability is another trend. Austin’s median home value of $207,734 is about 42% below the state average of $356,066. The local home-value-to-income ratio is roughly 2.9 using median household income of $71,495, while the state ratio is about 4.1 using $356,066 and $87,556. Austin is more attainable for local residents.
Finally, the rental market is lower-cost. The rent index of $1,016 is about 18% below the state rent index of $1,235. Combined with lower home values, this supports buy-versus-rent math and may interest investors, though absolute rent is modest.
Who Is This Market For
Austin suits first-time buyers and budget-conscious households. The median home value of $207,734 is far below the state median of $356,066, and median household income of $71,495 makes the typical home more affordable relative to income. With 42 median days on market and an 18.8% price-cut share, buyers have some negotiation room and less frenzy.
Investors may also find Austin appealing for lower-cost rental properties. The rent index of $1,016 and median home value of $207,734 imply a gross annual rent-to-price ratio of about 5.9% before expenses, compared with about 4.2% using state benchmarks of $1,235 rent and $356,066 home value. However, rental income is modest, and missing population growth data makes long-term tenant demand harder to assess.
Move-up buyers may benefit from balanced conditions. Unemployment matches the state at 4.4%, and local affordability provides a stable demand base. Still, the unavailable population growth figure limits conclusions about household formation.
Outlook
The data supports a stable, moderate outlook for Austin. The 12-month home value momentum of 9.43% shows recent appreciation in the measured series, but 3-month momentum of 0.78% and the -$10 year-over-year median home value change indicate flattening price growth. A median days on market of 42 and an 18.8% price-cut share point to balanced conditions. Affordability versus state benchmarks, including a median home value of $207,734 versus $356,066, may continue to support demand, though lower median household income of $71,495 and missing population growth data may limit acceleration. The most grounded expectation is continued moderate, balanced market activity.
AI-generated analysis based on current market data. Last updated September 11, 2026.
Get Austin, MN market updates
Choose your role for tailored insights.
Austin, MN market data
Austin, MN Housing Market Overview
Austin, MN's median home value is $208K, up 9.4% over the past year. Homes here sell in a median 42 days. Its PropertyIQ Score of 83 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
PropertyIQ tracks the Austin, MN housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this MN market is set to perform against its state benchmark.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Austin, MN's PropertyIQ Score of 83 ranks among the Midwest's stronger demand signals.
For the Austin, MN market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 9.4% over the past year.
Use PropertyIQ's interactive analytics to compare Austin, MN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Austin, MN metro area
ZIP codes in the Austin, MN metro area
View all 15 →Top markets in MN
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Austin, MN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Austin, MN currently scores 83, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $208K, up 9.4% over the past year. So whether Austin, MN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Austin, MN?
Austin, MN's PropertyIQ Score is 83, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 83 places Austin, MN above its state benchmark.
Are home prices in Austin, MN rising or falling?
Home prices in Austin, MN are rising. Over the past year, the median home value increased 9.4%, reaching $208K. Over the latest three months, values moved up 0.8%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Austin, MN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Austin, MN?
In Austin, MN, homes sell in a median of 42 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 19% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Austin, MN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.