Sell Your Underwater House in Austin, TX
When your mortgage balance exceeds your home's value in Austin, you are not stuck. EasyOffer helps underwater homeowners find a path forward — whether that is a short sale, lender negotiation, or other creative solution.
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Market Snapshot: Austin, TX
Latest available data from public sources. Updated .
Median Home Value
$555,300
Census ACS 2024
Zillow Home Value Index
$494,727
-6.1% YoY
Zillow ZHVI
Median Sale Price
$545,000
Redfin
Days on Market
92 days
Redfin
Population
974,447
+2.9% since 2020
U.S. Census
Median Household Income
$93,658
Census ACS 2024
Sale-to-List Ratio
96.0%
Redfin
Active Inventory
2,027 homes
Redfin
Owner-Occupied
43.4%
Census ACS 2024
Price per Sq Ft
$287/sqft
Redfin
Recent Sales
382 homes
Redfin
Unemployment Rate
4.7%
BLS
Property Tax
$8,024/yr
Census ACS 2024
Median Age
34.7 years
Census ACS 2024
Poverty Rate
12.0%
Census ACS 2024
Avg. Commute
24 min
Census ACS 2024
| Metric | Value | Change | Source |
|---|---|---|---|
| Median Home Value | $555,300 | — | Census ACS 2024 |
| Zillow Home Value Index | $494,727 | -6.1% YoY | Zillow ZHVI |
| Median Sale Price | $545,000 | — | Redfin |
| Days on Market | 92 days | — | Redfin |
| Population | 974,447 | +2.9% since 2020 | U.S. Census |
| Median Household Income | $93,658 | — | Census ACS 2024 |
| Sale-to-List Ratio | 96.0% | — | Redfin |
| Active Inventory | 2,027 homes | — | Redfin |
| Owner-Occupied | 43.4% | — | Census ACS 2024 |
| Price per Sq Ft | $287/sqft | — | Redfin |
| Recent Sales | 382 homes | — | Redfin |
| Unemployment Rate | 4.7% | — | BLS |
| Property Tax | $8,024/yr | — | Census ACS 2024 |
| Median Age | 34.7 years | — | Census ACS 2024 |
| Poverty Rate | 12.0% | — | Census ACS 2024 |
| Avg. Commute | 24 min | — | Census ACS 2024 |
Why Homeowners in Austin Choose EasyOffer
Austin's median home value is $494,727 (Zillow, 2026), down 6.1% year-over-year. With 974,447 residents growing 2.9% since 2020. homes here sell in a median of 92 days with a 96.0% sale-to-list ratio. Austin has unemployment at 4.7% (BLS), a poverty rate of 12.0%, median property taxes of $8,024/year (Census ACS). the median resident age is 34.7 years.
Negative equity in Austin can happen when home values decline, you bought at the peak, or you took out a second mortgage. Whatever the cause, being underwater makes it feel impossible to move. EasyOffer specializes in navigating these situations, negotiating with lenders to release the excess debt so you can sell and start fresh.
Austin experienced the most dramatic boom-correction cycle in the 2020–2024 housing market, with prices surging 70%+ during the pandemic then correcting 15–20% before stabilizing in 2024–2025; the market now offers better value than its 2022 peak while remaining well above pre-pandemic prices. The city's long-term fundamentals remain exceptional with continued in-migration, a highly educated workforce concentrated in tech and government, and a quality-of-life combination that continues attracting talent from coastal cities. Investors need to carefully account for rapidly rising property taxes — Austin has some of the highest effective tax rates in Texas — and watch the oversupply of new apartment construction that has kept rent growth flat or negative in 2023–2025.
We also serve property owners in nearby University of Texas, Hornsby Bend, Shady Hollow, and throughout Texas.
Serving Austin and Surrounding Areas
Neighborhoods We Serve
Tarrytown
Austin's most prestigious inner-city neighborhood west of MoPac, where Tudor and colonial estate homes on large wooded lots trade at $1.5M–$5M+, home to Austin's tech billionaires, UT regents, and old-money Texas families.
East Austin
The city's most dramatic gentrification story — a historically Black neighborhood turned boomtown — where bungalows now sell for $600K–$1.2M+ and hip restaurants, music venues, and tech offices have completely transformed the character.
South Congress (SoCo)
A walkable, bohemian corridor south of the river where remodeled bungalows and new construction trade at $700K–$1.5M, attracting musicians, tech creatives, and buyers who prioritize Austin's distinctive culture.
Domain / North Austin
A corporate campus-dense northern suburb within Austin city limits where new condo towers and townhomes range from $400K to $900K, popular with Apple, Amazon, and Dell employees working in the tech corridor.
Round Rock
A rapidly growing northern suburb known for its top-rated Round Rock ISD schools and IKEA, where homes range from $350K to $650K and Dell Technologies' headquarters anchors a strong tech employment base.
Mueller
A planned new urbanist development on a former airport site where new construction townhomes and condos trade at $500K–$1M+, celebrated for its walkability, parks, and diverse housing mix in Central Austin.
Notable Landmarks
Texas State Capitol · Sixth Street Entertainment District · Barton Springs Pool · South Congress Avenue · Lake Travis · Pennybacker Bridge (360 Bridge)
Major Employers
Tesla — EV manufacturer with Gigafactory Texas in East Austin employing 10,000+ workers · Apple — tech giant with massive Parmer Lane campus in North Austin employing 6,000+ · Dell Technologies — computing giant founded in Austin and headquartered in Round Rock · University of Texas System — flagship state university employing thousands and generating massive economic activity · Amazon Web Services — major Austin office and data center presence in the tech corridor · Oracle — enterprise software giant that relocated HQ to Austin in 2021 · St. David's HealthCare — major Austin-area hospital network and significant employer
Top Schools
Natural Hazard Awareness
Austin faces flash flooding risk from the Balcones Escarpment geology that can generate sudden deadly floods — the 2015 Memorial Day flood was one of the costliest in Texas history — as well as the extreme freeze risk demonstrated by Winter Storm Uri in February 2021 when widespread frozen pipe bursts caused billions in property damage across the Austin metro.
How It Works
Here is how underwater homeowners in Austin find a path forward with EasyOffer:
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Austin property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Tell Us About Your Property
Enter your address and contact info. Takes 30 seconds.
Get Your Cash Offer
We analyze your Austin property and send a fair, no-obligation offer.
Close and Get Paid
Pick your closing date. We handle paperwork and pay all closing costs.
Frequently Asked Questions
What does it mean to be underwater on a mortgage?
Being underwater means you owe more on your mortgage than the property is currently worth. For example, if you owe $250,000 but the home is worth $200,000, you have $50,000 in negative equity.
Can I sell my house if I owe more than it is worth in Austin?
Yes, through a short sale. Your lender agrees to accept less than the full mortgage balance. EasyOffer handles all lender negotiations to get the short sale approved.
Will I owe the difference if I sell an underwater house?
In many cases, the lender waives the remaining balance (called the deficiency). We negotiate for a full release of the deficiency so you do not carry the debt after selling.
How do I know if my Austin house is underwater?
Compare your current mortgage balance (from your most recent statement) to your home's estimated market value. If the balance is higher, you are underwater. We provide a free evaluation to help you assess your situation.
Is it better to wait for values to recover or sell now?
This depends on your financial situation. If you can afford the payments and want to wait, that is an option. But if the payments are straining your budget, selling now prevents further financial damage.
What are the tax implications of selling an underwater home?
Forgiven debt may be considered taxable income by the IRS, but there are exceptions including the Mortgage Forgiveness Debt Relief Act. Consult a tax professional for your specific situation.
What Our Sellers Say
“My mom passed and I inherited her place in Antioch. It needed a ton of work and I live out of state so I couldn't deal with contractors or showings. They came out, looked at it, and had a number for me the next day. We closed in 9 days. The whole thing was so much easier than I expected.”
Inherited Property
“Honestly I was skeptical at first because I'd heard horror stories about cash buyers lowballing people. But they explained exactly how they came up with the number and it was fair. We were behind on payments and they got everything done in a week. No last-minute changes, no surprises at closing.”
Avoided Foreclosure
“My husband got transferred to Dallas and we had about three weeks to figure out the house. A friend told us about EasyOffer. They gave us a cash offer that same afternoon and worked around our move date. We closed 11 days later without having to do a single showing or open house.”
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