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Austin 1 of 2 Texas cities where you can save for a house in under five years, new study shows

Austinites can save up for a home more quickly than most other Texas cities, according to a RentCafe study. (Flickr)
It takes an average of just over four years to save for a down payment on a home in Austin, according to a recent RentCafe study.
The average homeowner can save up for a down payment in less than five years in just two Texas metros, including Dallas and Austin. The study compared 174 U.S. metros when measuring for a two-person family looking to make a 20% down payment, factoring in average incomes, housing costs and available savings each month.
The study ranked the 64 metros where saving for a down-payment took less than 10 years. While no Texas cities were in the top 20 in the U.S., four areas made the cut.
Austin has higher starter home prices but a more flexible income when compared to other Texas metros. (RentCafe)
Austinites can save up for a house slightly slower than DFW, where a two-person family earning an average of $82,000 would take 3 years and 11 months to cash in on a house. Unlike Dallas residents, who would only be able to save 14% of their income each month, those in Austin can save 20% each month before buying a house in four years and one month.
But Austin's housing boom has driven up costs: the average home costs over $368,000 in the metro as average incomes are also higher at $92,000.
Even with housing costs nearly double that of its I-35 neighbor, Austin's higher income can get you a home twice as fast as those in San Antonio. It would take eight years and one month to save 20% for a starter home in the San Antonio metro, according to the study.
The study shows Austinites may have more disposable income than other Texas metros, with an average of 66% of income factoring into necessities. But even as incomes rise and the job market boasts better numbers than ever, Austin has caught attention nationwide as it has been reported to be one of the least affordable big cities in the country.
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Popular
(Pexels)
Some of your favorite Instagram filters can’t be used in Texas anymore and Austinites are sounding off on social media.
Meta, Facebook and Instagram’s parent company, announced on Wednesday that certain filters would no longer be available in Texas.
The change is a result of Texas Attorney General Ken Paxton’s lawsuit against Meta, alleging the company uses facial recognition technology that violates laws in Texas. A release from Meta says it stopped using facial recognition tech in November 2021 and denies Paxton’s allegations.
Some Austinites bemoaned the shift, saying some of their favorite filters were now unavailable.
This was my FAVORITE filter on @instagram and they done removed it cause I’m in Texas ! Like wowwwwww pic.twitter.com/uX60hdIC0Q
— Pinkyy Montana (@inkstar_pinkyy) May 11, 2022
i heard that instagram filters got banned in texas? what the actual fuck y’all better give me my favorite filter back
— lia 🤍 (@liatootrill) May 11, 2022
loved this stupid filter sm i hate texas pic.twitter.com/DXr9mmUc64
— birthday boy jeno 🎂 (@beabtox) May 12, 2022
But more often than not, locals joked about the ban.
Texas women seeing the filter ban on IG pic.twitter.com/yDMcP3Qtsr
— Christian (Anabolic) Flores (@christian_flo24) May 11, 2022
So, the state of Texas has banned filter use on IG? THE END IS NEAR. 😂
— THE FRANCHISE! Франшиза (@NYCFranchise718) May 12, 2022
And some in-between chose to show off some natural beauty.
I live in Texas, but no filter needed. 😉 pic.twitter.com/A6teRgYMKn
— bad and bruja (@starseedmami) May 11, 2022
filter, no filter..texas women still reign supreme.
— 🎍 (@_sixile) May 11, 2022
Finally, some are trying to cash in on the opportunity.
Texas IG users- if you want to filter your picture cashapp me $1.50 $ErvnYng
— Gemini (@ervn_y) May 11, 2022
Meta said it plans to create an opt-in system for both Texas and Illinois residents, who are facing the same issues.
(Austin Energy)
Power demand is forecast to push within 600 megawatts of the Electric Reliability Council of Texas' capacity Friday afternoon as a record month of heat continues.
Demand for the statewide power grid hit over 65,000 Mw at 5 p.m., just under the capacity the grid can handle. ERCOT announced approximately 2,900 Mw of power was lost on Friday due to six power generation facilities tripping offline. At 5 p.m. it said all reserve generation resources available are operating. Texans have been asked to conserve energy.
Inbox: ERCOT says "six power generation facilities tripped offline resulting in the loss of approximately 2,900 MW of electricity. At this time, all reserve generation resources available are operating." Asks Texans to conserve power... pic.twitter.com/g6LxJlHlop
— Forrest Wilder (@Forrest4Trees) May 13, 2022
As the power grid threatens to buckle under the weight of consumers, record-breaking heat continues to push up demand. Austin is currently in the hottest May on record, with temperatures averaging at 82 degrees—eight degrees higher than average—at Austin's Camp Mabry.
And Austin is expected to have another triple-digit onslaught next week, with temperatures peaking at highs of 100 degrees Friday and Saturday. As a result, demand could peak Monday, with forecast demand expected to reach a May record of 70,758 Mw. The previous record was 67,265 in 2018, while ERCOT's all-time high was 74,820 Mw in August 2019.
While ERCOT has not yet seen a heat surge reminiscent of 2021's Winter Storm Uri, power outage woes became all too real for around 3,600 southeast Austinites Saturday as Austin Energy put on a last-resort power pause from around 3:30 to 7:30 p.m.
The outage was a culmination of many factors—from near-100 degree heat to unfortunately-timed maintenance checks and growth in the Bluff Springs area. The result was an overheating circuit that needed relief fast.
"It was related to high usage overloading one circuit at a time when some of our infrastructure was still undergoing maintenance in preparation for the months to come," Austin Energy spokesperson Matt Mitchell told Austonia. "So it was a very unique set of circumstances that we do not see repeating itself."
Mitchell said that all seasonal maintenance is complete and that Austin Energy will open a new power substation in Bluff Springs this June. The organization also said the issue had nothing to do with ERCOT, which released a statement assuring consumers that power was not threatened during that time.
NEW: ERCOT projects there will be sufficient supply of power to meet demand for this week. pic.twitter.com/fPZWHbWyoc
— Lindsey Ragas (@LindseyRagas) May 10, 2022
ERCOT also told Austonia before 5 p.m. that it "projects there will be sufficient generation to meet demand for electricity" on Friday. It then informed the public about the energy loss due to a power trip.
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