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Home Price Update: What It Costs to Buy in North Loop Right Now

Former flight path heats up

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 revisits the North Loop neighborhood, which they also looked at in May. 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 has made it even more popular.

The current average listing price for North Loop is $325 per square foot, although the properties that make up this average range widely, from $186/square foot (5115 Eilers Avenue, a five-bedroom house asking $489,000) to $437/square foot (935 East 56th Street, a 823-square-foot home on the market for $360,000).

Neighborhood Market Watch: What It Costs to Buy in North Loop Right Now [Curbed Austin]