Best Affordable Austin Neighborhoods

We’re often asked where an Austin home buyer can find the best deal in Austin. To help answer that question, we’ve put together a list of the best affordable Austin neighborhoods. When coming up with this list we considered several things – schools, location, amenities and price being the main factors.

Southland Oaks

Southland Oaks is usually considered part of Shady Hollow. A lot of Southland Oaks is priced well into the $300,000’s but there is a section of the neighborhood near Baranoff Elementary with smaller homes that are priced in the low to mid $200,000s. This section was mostly built by Ryland Homes, is within walking distance of Baranoff Elementary and shares access to the Villages of Shady Hollow community pool. Southland Oaks is zoned for Baranoff Elementary, Bailey Middle and Bowie High School, making it one of the most desirable neighborhoods for affordably minded buyers with kids.

Southland Oaks Homes for Sale

Olympic Heights

Olympic Heights is located off Manchaca Road in Southwest Austin. Built by DR Horton, homes are on the smaller side (1,000-1,900 sqft), but most of the floorplans are pretty well laid out so they feel bigger than their square footage suggests. Many of the homes fall within the $180,000-$220,000 price range, making them pretty affordable for most buyers. What really keeps Olympic Heights on the best affordable neighborhoods list are the schools. Baranoff Elementary and Bailey Middle School are two of Austin ISD’s highest rated elementary and middle schools. Olympic Heights is the only neighborhood consistently priced at $200,000 to have such highly rated schools.

Olympic Heights Homes for Sale

Anderson Mill

Anderson Mill is located just Southwest of the intersection of 183, 620 and 45 making it a great place for someone who works north. Located in Williamson County and served by the Austin ISD, Anderson Mill was one of the first neighborhoods to have a community pool, sports fields, fitness center and parks. Homes were built in the 1970s and 1980s, so they are a tad smaller than what you’d find with newer construction, but you will get mature landscaping at an affordable price point.

Anderson Mill Homes for Sale

Mesa Park

Mesa Park is a hidden gem in Northwest Austin. With a price point slightly above Anderson Mill, Mesa Park is a bit more centrally located and compact. Mesa Park is an ideal choice for a budget minded buyer who wants to live near The Arboretum or The Domain and who doesn’t mind not having a community pool and neighborhood tennis courts.

Mesa Park Homes for Sale

Rancho Alto

Rancho Alto is a newer neighborhood in Southwest Austin built in the late 2000’s. If you’re looking for a home in a good school district with stainless steel appliances and modern fixtures priced in the low-mid $200,000s, Rancho Alto might be a good fit. Located off Frate Barker Road, Rancho Alto is also ideal for someone who works in Downtown Austin, South Austin or San Marcos.

Rancho Alto Homes for Sale

Parkside at Slaughter Creek

Parkside at Slaughter Creek is often the neighborhood most home buyers miss. With the “east of 35” stigma lifting, it is now becoming more acceptable to look east. Parkside at Slaughter Creek is also served by the same middle and high school as homes east of Manchaca and west of 35, except for the elementary school, which at the time of this article is Recognized. Ratings wise, schools in Parkside at Slaughter Creek are equivalent to schools in Rancho Alto. The difference with Parkside at Slaughter Creek is you can get a home twice the size of one in Rancho Alto for the same money and sometimes even less, making it ideal for someone who wants to live south and needs more than 1,800 sqft of living space.

Parkside at Slaughter Creek Homes for Sale

Looking for a Home in One of Austin’s Most Affordable Neighborhoods?

We’ve helped hundreds of home buyers over the years find homes. Whether you know exactly what neighborhood you want to live or need some direction, we can help you navigate the process and save money. For more about our unique home buyer program and to learn how we’re different from most Realtors, check out our Austin Home Buyers section. Then, call us at (512) 827-8323, email us at or fill out our Buyer Survey to get started.

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