How much does it cost to buy a home in East Riverside these days?
Technically named East Riverside-Oltorf for city planning purposes, the central-city neighborhood starts just south of the river and east of IH-35 (its northern and western borders) and is bounded by South Pleasant Valley Road to the east and East Oltorf Street to the south.
East Riverside Drive, which cuts through the northern part of the neighborhood, has for decades been a busy corridor surrounded by relatively inexpensive apartment complexes (first primarily populated by University of Texas students, later becoming more popular with working people and families), strip malls, small local restaurants, and drive-through fast food. It also has been home off and on to large music clubs.
Development of the Town Lake trail and boardwalk just north of the area’s namesake street has brought higher-end condo and apartment projects to that area. The hills south of the road, especially close to IH-35, are sometimes called “Travis Heights East,” as they retain the markers of the area’s agricultural past as well as large, single-family homes from three different waves of development in the 20th century.
As the chart above illustrates, the current average asking price in East Riverside-Oltorf is $226 per square foot. (You can over over the bars in the chart bars for more analytics, and the property addresses link to the listings.
However, the individual properties that make up this average range from $146 per square foot (1711 Timber Ridge Drive) to $455 per square foot (1106 Manlove Street).
That puts the area’s prices between Pecan Springs/Springdale ($228 per square foot) and Montopolis ($188 per square foot).