What does it cost to buy a home Downtown (runner-up neighborhood of the year in Curbed Cup 2016) right now? In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX takes a close look at the range of sales asking prices in the area to find out.
Downtown Austin is generally considered to range from East Martin Luther King Jr. Boulevard to Lady Bird Lake (north to south), with the eastern and western boundaries being I-35 and North Lamar Boulevard, respectively.
The current average listing price downtown is $609/square foot. However, the prices of the individual properties that make up this average range perhaps more widely than in any other Austin neighborhood—from $273/square foot (40 North IH-35 #3D1, a condo in Rainey Street’s Towers of Town Lake) to $1,589/square foot (210 Lavaca Street #3701, in the W residences on the southwest side of Downtown).
"Downtown Austin isn't a monolithic market," explains NeighborhoodX co-founder Constantine Valhouli. "It's broken up into several very distinct sections, including Rainey Street, Judge's Hill, and the Arts District—some of which are actually still quite affordable."