Moving to Austin
Everything you need to know about relocating to Texas's capital city and buying a home in one of America's fastest-growing metros.
Why People Are Moving to Austin
Tech Growth Capital
Austin has cemented its position as one of the country's leading tech hubs, attracting major companies including Tesla, Apple, Google, Meta, and Oracle. The city's startup ecosystem is thriving, supported by the University of Texas and a deep talent pool. Beyond tech, Austin's economy is diversified across government, healthcare, education, and a booming creative sector. The combination of job growth and quality of life continues to draw professionals from higher-cost markets on both coasts.
No State Income Tax
Texas does not levy a state income tax, which can translate into significant savings for professionals earning competitive salaries. This tax advantage is one of the most frequently cited reasons for relocations from states like California and New York. While property tax rates in Texas are higher than the national average, the overall tax burden is often lower for high-income earners, especially when combined with Austin's relatively lower housing costs compared to coastal tech hubs.
Vibrant Culture
Known as the “Live Music Capital of the World,” Austin delivers an unmatched cultural experience. The city is home to South by Southwest, Austin City Limits, and hundreds of live music venues. Beyond music, Austin offers a thriving food scene, outdoor recreation along the Colorado River and Barton Springs, and a warm, welcoming community. The city's unofficial motto, “Keep Austin Weird,” reflects its embrace of individuality and creative expression.
Austin Neighborhoods to Know
Austin's neighborhoods span a wide range of lifestyles and price points. Downtown Austin and the South Congress (SoCo) district offer walkable urban living with easy access to dining, entertainment, and employers. East Austin has undergone significant transformation, becoming one of the city's most sought-after areas for young professionals and families. For suburban buyers, areas like Cedar Park, Round Rock, and Pflugerville deliver newer construction, excellent schools, and more affordable price points while maintaining convenient access to the city center.
West Lake Hills, Tarrytown, and Barton Creek offer luxury living with hill country views and proximity to top-rated schools in the Eanes Independent School District. Mueller, a master-planned community on the site of the former Robert Mueller Municipal Airport, has become a model for sustainable urban development with diverse housing options.
Austin Cost of Living vs. Other Tech Hubs
vs. San Francisco
Austin's median home price is significantly lower than the Bay Area, while tech salaries remain competitive. The absence of state income tax further amplifies savings.
vs. Seattle
Austin offers comparable tech industry presence with generally lower housing costs. Both states lack a state income tax, but Austin provides more affordable entry points for first-time buyers.
vs. New York City
Austin delivers dramatically lower housing costs and no state income tax compared to NYC's high cost of living and state/city tax burdens.
vs. Denver
Austin and Denver share similar growth trajectories, but Austin's no-income-tax advantage and larger employer base give it an edge for many tech relocators.
Texas Mortgage Programs
Conventional Loans
Competitive rates with as little as 3% down. Austin's median prices often fall within conforming loan limits for standard financing.
FHA Loans
Lower down payments and flexible credit guidelines make FHA loans a solid option for first-time buyers entering the Austin market.
VA Loans
Zero down payment for eligible veterans. Austin's proximity to military installations makes VA loans a commonly used program.
Texas State Programs
The Texas State Affordable Housing Corporation and Texas Department of Housing offer down payment assistance and favorable terms for qualified buyers.
Jumbo Loans
For higher-priced properties in luxury neighborhoods like West Lake Hills and Barton Creek. Competitive rates on amounts exceeding conforming limits.
New Construction Financing
Austin's rapidly expanding suburbs offer abundant new construction. Specialized loan programs support buyers purchasing newly built homes.
Estimate Your Austin Home Budget
Use the mortgage calculator to explore monthly payments based on Austin-area home prices and current interest rates.
Ready to Get Started?
Take the first step toward your dream home. Apply online in minutes or schedule a free consultation.