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Neighborhood Market Watch: What It Costs to Buy in North Loop Right Now

The much transformed north central area has had many lives and is currently on the upswing

In an ongoing series for Curbed Austin, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different neighborhoods.

Today's analysis is of the North Loop neighborhood. Bordered by North Lamar Boulevard on the west, Airport Boulevard on the East, West Koenig Lane on the north, and 51st Street (west and east) on the south, the area has an interesting history. For years, it was in the landing flight path of the city's airport, then in the middle of town (it's now the Mueller development) and home primarily to people seeking low rent necessary to compensate for the noise.

It was also a creative center then and now, with quirky retail shops and coffee places. Home prices, however, jumped after the airport was relocated. It now seems to be experiencing another surge in popularity, with established local restaurants and other businesses opening up in the area. The redevelopment of the former Highland Mall nearby into a community college campus will no doubt make it even more popular.

The average asking price for North Loop is $313/square foot. The individual properties that make up this average range from $229/square foot (909 Reinli #219) to $412/square foot (919 East 51st St. Unit B).

On the low end, this puts North Loop's most affordable listing per square foot between those for Brentwood ($219) and Hyde Park ($230), based on their April analysis.

On the high end, North Loop's most expensive listing on a square-foot basis falls between those of between Hancock ($424) and Rosedale ($392), also from the April numbers.

You can study NeighborhoodX's full, interactive chart at the link below.

Austin Homes in the Range: North Loop (May 2016) [NeighborhoodX]