The house I lived in while in High School (Central Texas) not Austin cost $60K in 1982.
By 2007 it was worth 85K or a whopping average 1.7%/year appreciation.
By 2017 it was worth 112K so over 35 years the appreciation was 1.33%/year.
According to Zillow, it would rent for $1100/month. The problem with smallish towns in Texas is the economy is not very diverse and if things go wrong, then what little activity can dry up.
Kind of crazy to think three years rent of my current home in Escondido could buy my childhood home mortgage free.
