Data analytics site NeighborhoodX is conducting a broad study of affordability in major U.S. cities, and, as part of that, is identifying and analyzing the 10 least expensive market-rate properties in different neighborhoods.
This chart excerpts part of their research on Austin, looking at the 10 most affordable properties in Windsor Park.
Windsor Park is bounded by 51st Street on the south side, IH-35 to the west, US Highway 290 on the north, and Northeast Drive and Manor Road on its east side.
Developed in the 1950s as a middle-class commuter area, Windsor Park is one of Austin’s pockets of midcentury homes. It’s full of small single-family houses on long, winding streets that make it almost suburban-feeling, with apartment complexes and strip malls on its periphery. (Parts of it were also in the loud flight path of Austin’s old Mueller airport, which has been redeveloped as a planned community.)
Even after the airport was relocated to its current location, Until recently, when the Mueller neighborhood was built and populated, Windsor Park was experiencing a sustained period of housing primarily renters and seniors who had lived there for decades. Recent years have seen an influx of homebuyers of all stripes, including families who are raising their children there. Bigger and newer developments, including the lot-filling urban-infill housing that other central neighborhoods have seen, haven’t gone hog wild there, but it becomes increasingly likely if the renaissance continues.
The study excludes studios, since they tend not to be viable as long-term residences. The study also excludes properties that cannot be purchased with conventional financing, affordable/age-restricted housing, and certain listings with incomplete or contradictory information.
The 10 most affordable properties currently for sale in Windsor Park that met our study's criteria ranged from $108,900 to $284,995. The most affordable was at 6400 Chimney Creek Circle, Unit B. (The decision to include 3207 Northeast Drive, which appears to need some work, was made because it was the only house under $200,000).