Instead of offering you a look at the heights of Downtown home costs right now (the highest in the city at the moment, according to this chart), we thought we’d take a break and, with NeighborhoodX, look at some of the least-expensive homes in that neighborhood.
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.
However, this survey considers homes in the same borders with the exception of MLK; Instead, residences are all south of East Sixth Street.
The 10 most affordable market-rate properties in that area range from $331,000 to 365,000. The most affordable of these is a 756-square-foot, one-bedroom unit in the Milago Condominiums (54 Rainey Street #311), while the priciest of the most affordable is an and 819-square-foot, one-bedroom condo at 555 East Fifth Street #525 (in the accurately named 555 Condos).
On a per-square-foot basis, the 10 most affordable properties ask $377 per square foot to $636 per square foot. Affordability can mean two different, sometimes divergent things, according to NeighborhoodX’s Constantine Valhouli, depending on what you’re after. Larger spaces tend to have a smaller cost per square foot and smaller spaces a smaller overall cost (though this still varies quite a bit by neighborhood.
In this case, the prices for these properties are all below the neighborhood's average price of $590 per square foot (the range being $158 per square foot to $1,301 per square foot).
For more numbers fun, toggle the chart views to sort properties by different metrics, mouse over chart bars for more analytics, and click property addresses to see individual listings.