What does it cost to buy a home in North Loop 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.
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 current average listing price in North Loop is $323 per square foot, although the individual properties that contribute to this average range from $265 to $516/square foot.
At the more affordable end of the spectrum, 4613 Harmon Avenue asks $265/square foot ($675,000 for a 2,540-square-foot house). At the upper end of the range, a new construction condo at 5078 Avenue H, Unit B asks $516/square foot ($299,000 for an unbuilt, 579-square-foot, one-bedroom condo).