Thornbury Ii: How Rates Affect Buying Power in Austin

What does a 7.11% mortgage rate mean for a buyer in Thornbury Ii? With the median home price at $310,000 and a loan amount of $248,000, the principal and interest payment on a 30-year fixed loan is $1,668 per month. ALEX Intelligence modeled the impact of common buydowns to show how buyers can lower that initial cost. A 3/2/1 buydown, which costs $11,424 upfront (3.69% of the price), would reduce the first-year payment to $1,200, saving $468 monthly. In the second year, the rate rises to 5.11%, with a payment of $1,348, and in the third year, it reaches 6.11% at $1,504. For those seeking a shorter-term reduction, a 2/1 buydown costs $5,808 (1.87% of the price). This lowers the first-year payment to $1,348 and the second-year payment to $1,504 before settling at the market rate. The median home in this Austin neighborhood sold for $310,000 across 15 closed sales over the last 12 months. This represents an 8.6% drop from the prior period and a similar decline year-over-year. The median price per square foot fell to $151.95, down 7.8% from the previous window. Homes took significantly longer to sell, with days on market rising 435% to a median of 107 days. ALEX Intelligence estimate, not an appraisal. Want first look at Thornbury Ii, Austin homes? Get new listings sent to you the day they appear. Based on 15 closed sales in the 12 months ending Oct 31, 2026. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog