Quality Properties in the Most Desirable Neighborhoods in Austin and Boston
Peaceful and serene, the Barton Creek area truly captures the essence of hill country living. Quiet streets meander through gently rolling hills, with gorgeous view and spectacular homes scattered throughout. In short, this is not your average neighborhood.
Local residents take pride in the distinct character and beautiful landscapes that can only be found in this area of the city. This is also a mecca for those who enjoy world-class golfing. Barton Creek boasts some of the finest courses around – designed by none other than Tom Fazio, Arnold Palmer, and Ben Crenshaw.
Median Home Value: $561,076
Local Public Schools: Oak Hill Elementary, Barton Hills Elementary, Westridge Middle School, O Henry Middle School, Austin High School, Westlake High School
Average Appreciation Rate: 8.67%
It is hard to find a zip code that has received more favorable press over the last five years than 78701, and for good reason. Downtown Austin is one of the few urban centers that is truly world class. In addition to a diverse and thriving economy, the nexus of Austin offers exciting nightlife, fine dining, and a live music scene that is unparalleled.
Even small apartments and condos can come with a high price tag in this area, but they are absolutely worth every penny. Despite the high cost of real estate in downtown, homeowners can still expect to net a considerable return once they decide to sell. Austin is currently growing by 175 residents per day, and property values in downtown will continue to rise for quite some time.
Median Home Value: $410,633
Local Public Schools: Pease Elementary, Mathews Elementary, South East Middle School, O Henry Middle School, Austin High School
Average Appreciation Rate: 5.87%
East Austin is one of the few “up and coming” areas left in the city. Real Estate in this region is very affordable compared to surrounding areas. This is an ideal place for those who want to live and work near downtown, but are living on a tight budget. Hip, fun and affordable, this neighborhood could very easily become the next South Austin within a few years.
The greatest advantage to living here is the proximity to everything. Residents can commute to downtown within minutes, and can get to UT or South Austin in about the same time. East Austin is home to some of the city’s best and most famous Mexican food restaurants, including Juan-in-a-Million, Vivo, and El Chile.
Median Home Value: $121,994
Local Public Schools: Blackshear Elementary, Zavala Elementary, Kealing Middle School, Martin Middle School, Austin High School
Average Appreciation Rate: 4.59%
The neighborhoods surrounding Far West Boulevard and the Northwest Hills are known for having scenic beauty, minimal traffic problems, and outstanding schools. These are only a few of the characteristics that make this area so great. There are also plenty of outstanding restaurants, city parks, and shopping centers located nearby.
Real estate in this area is highly sought after, but prices are very reasonable when compared to similar areas around Austin. Don’t expect this to last forever. Home values in this region have been steadily appreciating for the last several years. Now is definitely an opportune time to invest here.
Far West is also one of the more student-centered areas in Austin. Rental rates are substantially lower than those in Hyde Park and West Campus, plus there are numerous bus stops connected to the UT shuttle route. For students who are living on a tight budget or do not drive a car, look no further than Far West.
Median Home Value: $492,838
Local Public Schools: Doss Elementary, Highland Park Elementary, Murchison Middle School, Anderson High School
Average Appreciation Rate: 5.26%
Settled over 100 years ago, Hyde Park is Austin’s oldest suburb. Since it was founded, this area has grown into one of Austin’s trendiest communities. Today, it is widely known for being one of the ideal neighborhoods for those who want to live close to UT or downtown.
Just like the other neighborhoods surrounding UT, Hyde Park has established itself as one of Austin’s strongest rental markets. Rental rates are just low enough to be competitive, but just high enough to make almost any property cash flow. Vacancy rates are also very low in this area, rarely falling below 5% at any given time of the year.
Median Home Value: $309,053
Local Public Schools: Ridgetop Elementary, Lamar Middle School, McCallum High School, Austin High School
Average Appreciation Rate: 5.87%
An upscale community if there ever was one, Rollingwood is home to some of the nation’s most educated and affluent residents. This neighborhood has a higher average household income than over 99.1% of the neighborhoods in America. Though most of the homes here are pricy, there are also a handful of condos and apartments that are much more economical.
Just like its neighboring counterparts, Rollingwood offers its residents access to some of the best schools in the city. As part of Eanes ISD, the same public school system used by Westlake, this area clearly places education as its top priority. Eanes is nationally recognized as one of the finest school districts in America.
Median Home Value: $535,403
Local Public Schools: Eanes Elementary, Cedar Creek Elementary, Hill Country Middle School, Westlake High School
Average Appreciation Rate: 5.11%
A vibrant cultural mecca, South Congress encapsulates everything that makes Austin unique. Outstanding restaurants, eclectic local shops, and spectacular views of downtown have made this area a favorite of both tourists and natives alike. All of these amenities, coupled with some of the most competitive rents and home prices in the city, have led to an enormous amount of growth in this region over the last decade.
Real estate in this area is comprised of a mixture of high-rise apartments, low-rise condominiums, and single-family homes. There is also a relatively even blend of owners and renters in and around South Congress. Demographic research has shown this area to be one of the most diversified neighborhoods in Austin.
South Congress also appeals to many people who do not own a vehicle or do not wish to drive very often. Many residents in this area use their bicycle as a primary mode of transportation. In fact, SoCo residents actually commute to work by bicycle at a higher rate than 96.4% of the neighborhoods in America. If you are seeking to get some exercise while diminishing your carbon footprint, this area is a great place to start.
Median Home Value: $266,918
Local Public Schools: Becker Elementary, Travis Heights Elementary, Fulmore Middle School, Travis High School
Average Appreciation Rate: 6.68%
Just minutes from downtown Austin, Tarrytown is the perfect neighborhood for people looking to strike a balance between big city commotion and suburban tranquility. Surrounded by some of the city’s finest attractions, this area has a certain allure that cannot be found anywhere else. Real estate ranges in price here, from relatively affordable cottages and condos to high-end estates on multi-acre lots.
This area has much more to offer than good schools and beautiful homes. Tarrytown residents can benefit from a wide variety of local restaurants and cafes, such as Hula Hut, Mozart’s Café, and Food Food. Also, those who love the great outdoors can enjoy Red Bud Isle or the famous hike-and-bike trail surrounding Town Lake.
Median Home Value: $583,745
Local Public Schools: Casis Elementary, Bryker Woods Elementary, Mathews Elementary, O Henry Middle School, Austin High School
Average Appreciation Rate: 5.83%
As the epicenter of social life for Texas’s largest university, West Campus mostly populated by undergraduates and young professionals. Given the demographic, this area is primarily a rental market. Apartments and condos account for the majority of residences, with single-family homes scattered throughout.
One of the biggest incentives for living here is the proximity to the University of Texas. Residents need not rely on cars or public transportation, but can simply walk to UT within minutes. Downtown can also be reached within a few minutes – via car, bus, or bicycle.
Given its dense population and popularity amongst investors, the West Campus real estate market is currently red hot. New apartments and condos are being built all the time and once they’re complete, they don’t stay on the market for long. Older properties are also quick to sell due to their potential for great cash flow. Property values have been sky rocketing here, increasing by an average of 10.69% since 2007.
Median Home Value: $379,408
Local Public Schools: Lee Elementary, Austin High School
Average Appreciation Rate: 7.27%
Widely known as one of the most affluent neighborhoods in Austin, Westlake is home to some of the most desirable real estate in the country. Lavish estates and gorgeous hill country scenery abound in this small but vibrant community residing near Lake Austin. If you have the financial security to live anywhere in town, you would be hard pressed to find a nicer area than this.
Westlake is, for the most part, a family neighborhood. Parents buy homes here to ensure that their children will receive the best possible education. This is because Westlake’s school system, Eanes ISD, has received numerous awards and recognition at the local, state, and national levels.
Westlake offers its residents easy access to downtown due to its close proximity. There are also plenty of public spaces to enjoy in and around this region. Barton Creek, Zilker Park, and Lake Austin are just a few of the places that create a scenic backdrop for this beautiful area.
Median Home Value: $976,641
Local Public Schools: Eanes Elementary, Hill Country Middle School, Westlake High School
Average Appreciation Rate: 5.77%
*Data and information provided by Location, Inc. and Neighborhood Scout. Home appreciation rates are based upon the average sales price each year since 1990. This information is deemed reliable, but all buyers should still conduct due diligence before purchasing a home.
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