If you're looking for a place to settle down or invest in property, Austin, Texas, is a top choice. The city's popularity has grown over the past years, and the real estate market has been booming. With such a surge in demand, it's important to stay up-to-date on current trends and affordable options.
The real estate market in Austin has been experiencing a high demand for homes, especially in recent years. With a thriving economy and a vivacious spirit, Austin has become a popular destination for relocation and investment. The median sold price of homes in Austin over the last twelve months was $595,868, an indicator of how highly competitive this market is. It's best to have a trusted real estate agency in your corner.
Watters International Realty, a top agency specializing in Austin realty, offers abundant resources to help you find your ideal home. Our team of experts excels in identifying opportunities in the market and helping clients make wise investment decisions.
Affordable Neighborhoods in South Austin
If you're looking for an affordable place to live in South Austin, you're in luck. There are several neighborhoods with median home values at or under $500k.
Garrison Park
Garrison Park is a neighborhood located just south of downtown Austin. The area was initially developed in the 1950s and has continued to grow in popularity due to its proximity to downtown, large lots, and affordable homes.
The real estate market in Garrison Park has seen an increase in demand over the past few years, with home values on the rise. The median home price in Garrison Park is currently $308,364, and the neighborhood offers a range of housing options, from single-family homes to townhomes, with many of the homes being updated or renovated. For those looking for an affordable place to live in South Austin, Garrison Park is definitely worth considering.
Garrison Park is home to the Garrison District Park, which offers numerous amenities. The neighborhood also boasts easy access to the SoCo (South Congress) entertainment district, which is known for its trendy restaurants, boutiques, and live music venues. Commuting downtown from Garrison Park is straightforward, with several public transportation options.
With its family-friendly amenities, trendy vibe, and easy access to downtown Garrison Park is a community with much to offer.
South Manchaca
Located south of the city center and just east of Loop 360, South Manchaca is a great place to call home. It's close enough to downtown for easy access to all the city has to offer but far enough away that it still maintains its small-town charm.
The neighborhood is known for its beautiful oak trees and friendly neighbors. There are plenty of parks and green spaces for residents to enjoy, as well as dog-friendly areas. The housing market in South Manchaca is also quite affordable, with homes ranging from the mid 300s to over one million.
For those looking to easily commute into downtown Austin or other parts of the city, South Manchaca is conveniently located near major highways like Loop 360 and US-290. Additionally, the neighborhood has several top-rated schools on the Texas Education Agency's 100-point scale.
A quiet neighborhood with easy access to downtown Austin and other parts of the city, South Manchaca is a great option.
Westgate
Westgate is another fantastic neighborhood for those looking for an affordable place to live in South Austin. The median home price here is just under $400,000, which is lower than the city's overall median. The area also offers great access to major highways like I-35 and US-290.
Westgate is a diverse neighborhood. Its tree-lined streets are filled with single-family homes and townhomes, as well as several local businesses. Additionally, the area offers plenty of outdoor activities and charming eateries.
The neighborhood is also located close to the Barton Creek Greenbelt, which is a popular spot for hiking and biking. Westgate has been recognized as one of Austin's top neighborhoods for families due to its abundance of family-friendly amenities and excellent schools.
Westgate is the perfect place to call home for those looking for an affordable and family-friendly neighborhood in South Austin.
St. Elmo
St. Elmo has recently become one of the most desirable places to buy real estate in South Austin under $500,000. This historic district is conveniently located between Interstate 35, Highway 290, and Mopac, offering easy access to all that downtown has to offer while still keeping its unique identity.
The area has seen a flurry of development over the past few years, with condos and apartment buildings popping up all over the place.
For those looking for an affordable home in St. Elmo, there are plenty of options available. The Station at St. Elmo offers modern amenities such as a rooftop pool and fitness center and walking distance proximity to The Yard – perfect for food lovers!
With its convenient location and exciting attractions, it's no wonder why so many people want to live in St. Elmo! Come explore what this neighborhood has to offer — you won't be disappointed!
Final thoughts
These neighborhoods are all great options for those looking to purchase a home in South Austin at an affordable price. With their convenient locations and family-friendly amenities, they make perfect places to call home.
However, navigating the real estate market can sometimes be challenging and overwhelming. That's why it's important to work with experienced agents who are familiar with the area and have a comprehensive understanding of the Austin real estate market. Watters International Realty offers knowledgeable agents who have years of experience.
Contact us today to learn more and get the advice you need to make your dream of owning a home in South Austin come true!