5 Up-Trending Austin Neighborhoods to Buy a Home

Are you considering buying a home in the Austin area with the intent to rent it out? Before purchasing a home as an investment property, consider the following:

Who will rent the property? In general, the Millennial generation dominates the rental market. To optimize your likelihood of occupancy, consider what appeals to the millennial generation. For example, single millennials are looking for a neighborhood with nearby dining and retail options, while millennials with a family are looking for a high-quality school district for their children. To help you out, we’ve outlined five up-trending neighborhoods in Austin to buy a home:

Austin Neighborhoods

Up-Trending Austin Neighborhoods

Westgate/South Manchaca

If you’re looking for a neighborhood that is close to downtown Austin but won’t break the bank, you may love the affordability the 78745 zip code has to offer. Located only 15 minutes from downtown Austin these two neighborhoods, Westgate and Manchaca, feature big lots with ranch-style homes, and tree-lined streets.

  • Average Price of Single-Family Homes: around $350,000
  • Location: south of Highway 290 and east of MoPac
  • Zip Code: 78745
  • Local Resources: Central Market, restaurants, parks, and entertainment are all within walking distance to this neighborhood

Allandale/Crestview/Wooten

Located just north of the highly sought-after neighborhood of Hyde Park, the Allandale, Crestview, and Wooten neighborhoods are well within the central Austin corridor. And, you get much more square footage for your buck!

  • Average Price of Single-Family Homes: around $350,000 to $400,000
  • Location: north of Austin, south of Hwy 183 and east of MoPac
  • Zip Code: 78757
  • Local Resources: MetroRail for easy access to downtown Austin, restaurants, grocery stores, North Cross Mall, etc.

The Domain

With several top technology companies and retail and dining options galore, The Domain neighborhood is exploding! All of these resources have provided North Austinites with the opportunity to live near local amenities without spending the extreme downtown housing prices.

  • Average Price of Single-Family Homes: around $300,000 to $350,000
  • Location: north of North Burnet and Hwy 183
  • Zip Code: 78758
  • Local Resources: Whole Foods grocery, Topgolf, Walnut Creek Greenbelt, Top Technology Companies (IBM, National Instruments, Amazon, etc.), bars, restaurants, shops, etc.

Windsor Park

The Eastside of Austin has gained popularity in recent years! Although you still get more bang for your buck on this side of town, these homes tend to be much older and outdated than others in the area. However, keep in mind the proximity to downtown – around 15 minutes.

  • Average Price of Single-Family Homes: around $350,000 to $400,000
  • Location: east of Hwy 35 and south of Hwy 290
  • Zip Code: 78723
  • Local Resources: MetroRail, H-E-B grocery, shops, and parks, etc.

Northwest Austin

Are you looking for high-quality schools and a family-friendly neighborhood? Then you may want to consider a neighborhood in Northwest Austin. Popular areas include the Avery Ranch and Highland Horizon neighborhoods. However, these tend to be more expensive due to size (total square footage) and proximity to high-quality school districts.

  • Average Price of Single-Family Homes: around $350,000 to $550,000
  • Location: north of Hwy 45, east of Hwy 183 and west of Hwy 35
  • Zip Code: 78717
  • Local Resources: Short drive to restaurants and shops, high-quality schools, etc.

Do you have any questions about the Austin housing market? We would be happy to answer any questions you may have. Give us a call anytime.

Resources:

http://realestate.usnews.com/real-estate/articles/5-up-and-coming-neighborhoods-in-austin-to-buy-a-home/