Data analytics site NeighborhoodX is conducting an ongoing study of affordability in major U.S. cities. As part of this study, NeighborhoodX examined the most affordable market-rate properties in each neighborhood of those cities.
This chart excerpts part of their research on Austin, looking at the 10 most affordable properties in South Austin's Bouldin Creek neighborhood, which stretches from the river to West Oltorf Street between South Congress Avenue and West Bouldin Creek.
The study excludes studios, since they tend not to be viable as long-term residences, as well as properties that cannot be purchased with conventional financing, such as affordable/age-restricted housing, and certain listings with incomplete or contradictory information.
The 10 most affordable Bouldin Creek properties that met those requirements in November were on the market for $205,000 to $569,900. The most affordable was 620 South First Street #210, and the most expensive was 2300 South Fifth Street, Unit C.
On a per-square-foot basis (and excluding the bungalow at 1201 South Sixth Street, because the land affects the value), these range from $296 to $462/square foot.