Navigating Austin’s fast-moving real estate market can be a challenge and, with the continuous increase in home prices, a great investment property is getting is harder to find. Where can you find an affordable property that’ll make the perfect rental? To help narrow down your search, here is a look at 10 reasonably-priced Austin neighborhoods:
Manor | East of Austin
Location: 16 miles from downtown Austin
Average Home Price: $230,049
Nearby highways: State Highway 130, U.S. Highway 290
Area highlights: Whisper Valley master-planned community, Walter E. Long Metropolitan Park, Travis County Expo Center
Hutto | North of Austin
Location: 30 miles from downtown Austin
Average Home Price: $247,014
Nearby highways: State Highway 130
Area highlights: Star Ranch Golf Club, Texan Café & Pie Shop
McKinney Falls | South of Austin
Location: 7 miles from downtown Austin
Average Home Price: $250,703
Nearby highways: I-35, U.S. Highway 183, State Highway 71
Area highlights: McKinney Falls State Park, Onion Creek Greenbelt, Austin-Bergstrom International Airport
North Lamar – Walnut Creek | North of Austin
Location: 12 miles from downtown Austin
Average Home Price: $264,120
Nearby highways: I-35, U.S. Highway 183
Area highlights: Walnut Creek Metropolitan Park, Walnut Creek Greenbelt, The Domain
Round Rock – Dell | North of Austin
Location: Around 20 miles from downtown Austin
Average Home Price: $271,037
Nearby highways: I-35, State Highway 45, U.S. Highway 79
Area highlights: Dell Diamond, highly-rated Round Rock ISD
Buda | South of Austin
Location: 15 miles from downtown Austin and 18 miles from San Marcos
Average home price: $280,431
Nearby highways: I-35, State Highway 45
Area highlights: Jacob’s Well, Salt Lick BBQ, local wineries
Pflugerville | North of Austin
Location: 19 miles from downtown Austin
Average Home Price: $280,834
Nearby highways: I-35, State Highway 130
Area highlights: Lake Pflugerville Park
Southeast Austin – Onion Creek
Location: 15 miles from downtown Austin
Average Home Price: $289,369
Nearby highways: I-35, State Highway 130, State Highway 45, U.S. Highway 183
Area highlights: Southpark Meadows, Onion Creek Greenbelt, Circuit of The Americas, Austin-Bergstrom International Airport
Wells Branch | North of Austin
Location: 17 miles from downtown Austin
Average Home Price: $300,263
Nearby highways: I-35, MoPac Expressway, State Highway 45
Area highlights: The Domain, La Frontera
Round Rock – IKEA | North of Austin
Location: Around 25 miles from downtown Austin
Average Home Price: $300,766
Nearby highways: I-35, U.S. Highway 79
Area highlights: IKEA, Round Rock Premium Outlets, highly-rated Round Rock ISD
While this list is a great starting point; our team is here if you ever have any questions. Oh, and once you find the perfect investment, give us a call. We would be honored to help you manage the property.
