Austin, Texas - Dental Demographics - Housing


Austin, Texas - Dental Demographics - Housing


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Housing



This 1 mile radius contains 15,541 housing units and a high vacancy rate of 11.8%. This area has a 30.0% home ownership rate and 58.1% of the population are renters. The ownership occupancy levels are well below Texas and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $569,808 which is well above Texas. The median home ownership value for the United States is $204,900. This area averages spending 33.3% of their income on total housing which is considerably higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 66.7%. The average housing cost of just shelter as a percent of income in this area at 23.4%. The area is affordable for those living here. In general, all these housing factors are below average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for Austin, Texas
Austin, TexasTexasUnited States
Demographic CharacteristicAustin
Texas
Latitude / Longitude:30.267153, -97.743061
Radius1 mile
HOUSING
Housing units15,54111,734,675142,853,336
Median home value$569,808$224,879$264,021
Home ownership rate30.0%57.3%57.3%
Renter-occupied housing58.1%33.1%31.2%
Vacant housing units11.8%9.5%11.5%
Average Cost of Housing$35,552$19,510$20,090
Average Housing Cost as a Percent of Income23.4%21.6%21.7%
HOUSEHOLDS
Households13,70110,615,809126,470,675
     Average household size1.602.772.58
Family households24.3%69.3%65.5%
Household with children7.6%38.9%33.4%
High school graduate or higher95.8%85.1%88.9%
Bachelor degree or higher74.9%31.3%33.6%
RACE & ETHNICITY
White76.3%66.5%69.2%
Black7.9%12.6%13.0%
Native American0.7%0.7%1.0%
Asian5.5%5.3%5.9%
Pacific Islanders0.0%0.1%0.2%
Other Race6.7%11.6%7.1%
Hispanic or Latino of any race22.8%40.3%18.9%


Home Ownership Rates

Austin, Texas - Home Ownership Rates
Owner Occupied Households by Census Tract

 55.60% to 86.72%
 42.08% to 55.60%
 30.36% to 42.08%
 13.67% to 30.36%
 0.00% to 13.67%
1.Austin