Real Estate Realizations
This is how much more money you'll need for a down payment in Austin in 2018

Austin isn't the only place where home prices are on the rise. Nationally, the median home price will rise $6,275 next year, according to a new study from Zillow. In turn, prospective homebuyers will need to save a good chunk of change more to reach their goal of a 20 percent down payment.
Zillow says that nationally, homebuyers will need to save an additional $105 a month — $1,260 over the next year — to account for how much a 20 percent down payment will cost in 2018. The figure is higher in a couple hot Texas markets.
In the Austin-Round Rock metro area, the median home value is projected to be $283,871 by September 2018, a 3.3 percent increase from the September 2017 value of $274,400. That means Austin-area buyers need to sock away $153 more a month to afford a 20 percent down payment of $56,774.
But that's not the highest increase in Texas. You'll find that in Dallas-Fort Worth, where the median home value will reach $224,675 in September 2018, an increase of 4.6 percent. Homebuyers will have to save an additional $165 a month to keep up with rising prices.
Things are more manageable elsewhere in the Lone Star State. San Antonians only need to save an extra $74 a month for a down payment of $31,403 on a $170,515 home. That price is up 2.7 percent year over year. Houston is in the same range, with a home value increase of 2.8 percent, to $187,259. Residents will need to save an additional $84 a month for a down payment of $37,452.
The highest per-month increase is found in San Jose, California, where future homebuyers need to save $599 more a month towards a whopping $217,687 down payment.













The skate area would even be an upgrade in many public spaces.Photo by Arius Holifield
The property sits on just over half an acre of land.Photo by Arius Holifield