Clients are always asking me, "Where are the best neighborhoods to buy or invest?" I think the more important question is - where can you still get in at a reasonable price and have a secure investment? Austin has some really great areas that are definitely worth keeping your eye on! Here are are my top 7 picks. - LINDSAY
MONTOPOLIS AREA (78741)
I live in East Austin and have been buying in that area since 2003. As 78702 prices skyrocket, I have always kept a close eye on the the Montopolis neighborhood. If you take 7th street east and head south on the 183 overpass, Montopolis Blvd is the first exit. It’s literally a stones throw from downtown and some of the streets, Kemp Street for example, have stunning downtown views. The easy access to the airport and Riverside Drive also make the area desirable and ripe for appreciation. Prices are on the rise, and this is a buy/hold or a buy/develop area that won’t leave your investment disappointed. Location, Location, Location!
WESTERN TRAILS (78745)
This is a quiet neighborhood directly behind the South Central Market. Large yards, wide streets and classic ranch style homes. In my opinion, there is room for appreciation. You’ll see that homes have been renovated but rarely see them hit the market . . . proof that people are buying and staying. This is an older neighborhood ripe for a remodel and appreciation! The access to Mopac, 71, I35, 360, Lamar, and South Congress allow you to be anywhere in minutes.
Gracywoods is a community located at West Braker Lane and North Lamar Boulevard with homes built in the 1950’s. This area has mature trees, great parks, trails and a community pool. You can get in the neighborhood under 300 and the proximity to the Arboretum and the Domain will only help increase the value of this little pocket.
J.W. SMITH'S WESTERN OAKS (78749)
Western Oaks is an established subdivision located in Southwest Austin. The borders are William Cannon and Convict Hill, and Beckett and Brush Country Road. This neighborhood is best known for its wide streets, green belts, and neighborhood amenities. Much like Western Trails, this is an older neighborhood with well built brick homes and large lots. It is very difficult to find a house because they usually sell before they hit the market. Around the corner from the south Whole Foods and dozens of new shops and restaurants! I personally think anything surrounding Convict Hill will make a great investment.
OAK FOREST (78759)
This north Austin gem located west of 183 off of Oak Knoll is full of mature trees, parks and well build brick homes from the 70s and 80s. The area has appreciated through the years but I feel like you still get great bang for your buck. The schools are zoned for Round Rock ISD, and Kathy Karaway is a sweet little elementary school tucked in the neighborhood.
EUBANK ACRES (78753)
I discovered this neighborhood years ago and fell in love with the HUGE oaks, large lots and sprawling ranch style homes. Back in the day it felt too far out to be a great investment, but now with the Domain development still spreading like wildfire this secret pocket has a lot of upside. Eubank Acres is between I-35 and North Lamar Blvd just East of Braker Lane.
If you are looking to get out of Austin, I think Lockhart is a great spot to buy/invest. Prices remain low but the community is growing and there is a real need for rentals in the area. Besides barbecue, you have Chaparral Coffee, Loop n Lil’s pizza, Spellerberg Gallery and many great vintage shops on the square. Venture out of Austin one weekend and go check it out!