While Downtown Austin frequently ranks as one of the most expensive neighborhood in the city—particularly if the metric is cost per square foot, as in this study—some searching by real estate analytics site NeighborhoodX occasionally turns up some relative bargains in the area. Considering Downtown’s high walkability scores, the ability to live car-free could make those bargains look even better.
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.
NeighborhoodX recently look at Downtown home-buying data and found the 10 least-expensive homes on the market right now, illustrated by the chart below. (Hover over the chart bars for more information on each property and click on the addresses to link to individual listings.)
The 10 most affordable properties in downtown Austin range from $187,000 to $340,000. What can you get for these prices? It helps to think small in these situations, of course: The home sizes range from 484 to 802 square feet.
The prices for these properties work out to $308 to $670 per square foot, reflecting differences in product types and locations throughout downtown, according to Constantine Valhouli, director of research for NeighborhoodX.