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You are here: Home / Homes / Top Neighborhoods Near Downtown Austin for $400k or Less

Top Neighborhoods Near Downtown Austin for $400k or Less

March 26, 2018 By Rebecca Jacks

neighborhoods near downtown austin for 400k or less

Downtown Austin is becoming a go to spot for top restaurants, shopping, festivals and night life. What was once a small, few block area has turned into several districts that attract residents from all over Austin. Though there are some neighborhoods near Downtown that are home to some of Austin’s most expensive real estate, living near Downtown Austin doesn’t always have to break the bank. If suburban living just doesn’t suit you and you’re looking for a more urban style that you can afford, check out these top neighborhoods near Downtown Austin for $400k or less.

Mapped: Top Neighborhoods Near Downtown Austin for $400k or Less

South Austin Neighborhoods Near Downtown for $400k or Less

South Austin, which we define as neighborhoods in 78704, is one of the first areas to gentrify. South Congress, South First and South Lamar are their own, urban feel areas with restaurants from some of Austin’s best chefs. If you’re a hard core Downtown Austin enthusiast, Downtown is only a few miles or a couple bucks in an Uber away. Here are the neighborhoods you can find a home for $400k or less in South Austin’s 78704 zip code.

Bouldin Creek

neighborhoods near downtown austin for 400k or less bouldin creek

Distance to Downtown: 1.7 miles, 8 minutes
Average Price: $807,597
Median Price: $740,000
Number of Homes Sold Under $410k: 7
Avg Square Footage of House You Can Get for $400k: 818
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built House You Can Get for $400k: 1967
Median Year Built House You Can Get for $400k: 1949
School District: Austin ISD
Elementary, Middle, High School: Becker, Fulmore, Travis

For more info and to search homes for sale, visit our Bouldin Creek Neighborhood Guide.

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South Lamar

neighborhoods near downtown austin for 400k or less south lamar

Distance to Downtown: 4.1 miles, 13 minutes
Avg Price: $533,781
Median Price: $544,250
Number of Homes Sold Under $410k: 11
Avg Square Footage of House You Can Get for $400k: 1,016
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built House You Can Get for $400k: 1975
Median Year Built House You Can Get for $400k: 1963
School District: Austin ISD
Elementary, Middle, High School: Zilker, O’Henry, Austin

For more info and to search homes for sale, visit our South Lamar Neighborhood Guide.

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Sherwood Oaks

Distance to Downtown: 3.2 miles, 11 minutes
Avg Price: $574,825
Median Price: $528,750
Number of Homes Sold Under $410k: 4
Avg Square Footage of House You Can Get for $400k: 1,077
Avg Beds/Baths You Can Get for $400k: 3/1
Avg Year Built House You Can Get for $400k: 1963
Median Year Built House You Can Get for $400k: 1963
School District: Austin ISD
Elementary, Middle, High School: Travis Heights, Fulmore, Travis

For more info and to search homes for sale, visit our Sherwood Oaks Neighborhood Guide.

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Dawson

neighborhoods near downtown austin for 400k or less dawson

Distance to Downtown: 3.1 miles, 8 minutes
Avg Price: $533,783
Median Price: $485,000
Number of Homes Sold Under $410k: 16
Avg Square Footage of House You Can Get for $400k: 1,103
Avg Beds/Baths You Can Get for $400k: 3/1
Avg Year Built House You Can Get for $400k: 1961
Median Year Built House You Can Get for $400k: 1961
School District: Austin ISD
Elementary, Middle, High School: Dawson or Galindo, Fulmore, Travis

For more info and to search homes for sale, visit our Dawson Neighborhood Guide.

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Galindo

neighborhoods near downtown austin for 400k or less galindo

Distance to Downtown: miles, minutes
Avg Price: $597,412
Median Price: $495,000
Number of Homes Sold Under $410k: 7
Avg Square Footage of House You Can Get for $400k: 1,045
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1964
Median Year Built of House You Can Get for $400k: 1955
School District: Austin ISD
Elementary, Middle, High School: Galindo or Dawson, Fulmore, Travis

For more info and to search homes for sale, visit our Galindo Neighborhood Guide.

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East Austin Neighborhoods Near Downtown for $400k or Less

Five years ago East Austin looked nothing like it does today. And, five years from now, East Austin will look almost like Downtown Austin. One of the fastest changing areas of Austin, you’ll see cranes and construction everywhere. Home prices are already going up and the promise of new restaurants, shopping, live/work/play developments and new homes are continuing to increase the excitement. If you’re looking for the closest you can be to Downtown for $400k or less, East Austin is a great place to start your search.

Driving Park

Distance to Downtown: 2.7 miles, 10 minutes
Avg Price: $477,822
Median Price: $419,950
Number of Homes Sold Under $410k: 11
Avg Square Footage of House You Can Get for $400k: 1,007
Avg Beds/Baths You Can Get for $400k: 2/2
Avg Year Built of House You Can Get for $400k: 1957
Median Year Built of House You Can Get for $400k: 1945
School District: Austin ISD
Elementary, Middle, High School: Metz, Martin, Eastside Memorial or Austin

For more info and to search homes for sale, visit our Driving Park Neighborhood Guide.

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Govalle

neighborhoods near downtown austin for 400k or less govalle

Distance to Downtown: 2.8 miles, 9 minutes
Avg Price: $398,568
Median Price: $384,900
Number of Homes Sold Under $410k: 56
Avg Square Footage of House You Can Get for $400k: 1,054
Avg Beds/Baths You Can Get for $400k: 2/2
Avg Year Built of House You Can Get for $400k: 1975
Median Year Built of House You Can Get for $400k: 1959
School District: Austin ISD
Elementary, Middle, High School: Brooke, Martin, Eastside Memorial

For more info and to search homes for sale, visit our Govalle Neighborhood Guide.

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Rosewood

Distance to Downtown: 2.1 miles, 9 minutes minutes
Avg Price: $431,168
Median Price: $415,000
Number of Homes Sold Under $410k: 26
Avg Square Footage of House You Can Get for $400k: 1,099
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1976
Median Year Built of House You Can Get for $400k: 1971
School District: Austin ISD
Elementary, Middle, High School: Oak Springs, Kealing, Eastside Memorial

For more info and to search homes for sale, visit our Rosewood Neighborhood Guide.

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Chestnut

Distance to Downtown: 2.3 miles, 8 minutes
Avg Price: $471,158
Median Price: $484,000
Number of Homes Sold Under $410k: 21
Avg Square Footage of House You Can Get for $400k: 1,008
Avg Beds/Baths You Can Get for $400k: 2/2
Avg Year Built of House You Can Get for $400k: 1973
Median Year Built of House You Can Get for $400k: 1955
School District: Austin ISD
Elementary, Middle, High School: Campbell, Kealing, McCallum

For more info and to search homes for sale, visit our Chestnut Neighborhood Guide.

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McKinley Heights

Distance to Downtown: 2.9 miles, 11 minutes
Avg Price: $357,107
Median Price: $374,000
Number of Homes Sold Under $410k: 9
Avg Square Footage of House You Can Get for $400k: 971
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built of House You Can Get for $400k: 1959
Median Year Built of House You Can Get for $400k: 1950
School District: Austin ISD
Elementary, Middle, High School: Campbell, Kealing, McCallum

For more info and to search homes for sale, visit our McKinley Heights Neighborhood Guide.

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Cherrywood

neighborhoods near downtown austin for 400k or less cherrywood

Distance to Downtown: 2.7 miles, 10 minutes
Avg Price: $449,625
Median Price: $440,000
Number of Homes Sold Under $410k: 18
Avg Square Footage of House You Can Get for $400k: 1,028
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built of House You Can Get for $400k: 1960
Median Year Built of House You Can Get for $400k: 1950
School District: Austin ISD
Elementary, Middle, High School: Maplewood, Kealing, McCallum

For more info and to search homes for sale, visit our Cherrywood Neighborhood Guide.

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Central Austin Neighborhoods Near Downtown for $400k or Less

Central Austin was one of the first areas near Downtown Austin to see a price jump. With Downtown Austin, UT and a prestigious west of 35 address, Central Austin has been a well known, urban area for years. If you’re looking for better schools, Central Austin neighborhoods are the places to start your search.

North Loop

neighborhoods near downtown austin for 400k or less north loop

Distance to Downtown: 4.7 miles, 10 minutes
Avg Price: $442,852
Median Price: $394,500
Number of Homes Sold Under $410k: 24
Avg Square Footage of House You Can Get for $400k: 955
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built of House You Can Get for $400k: 1956
Median Year Built of House You Can Get for $400k: 1949
School District: Austin ISD
Elementary, Middle, High School: Ridgetop or Reilly, Lamar, McCallum

For more info and to search homes for sale, visit our North Loop Neighborhood Guide.

North Loop Homes for Sale Below $400k


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Brentwood

neighborhoods near downtown austin for 400k or less brentwood

Distance to Downtown: 6.7 miles, 12 minutes
Avg Price: $494,129
Median Price: $459,500
Number of Homes Sold Under $410k: 43
Avg Square Footage of House You Can Get for $400k: 1,069
Avg Beds/Baths You Can Get for $400k: 2/1
Avg Year Built of House You Can Get for $400k: 1959
Median Year Built of House You Can Get for $400k: 1950
School District: Austin ISD
Elementary, Middle, High School: Brentwood, Lamar, McCallum

For more info and to search homes for sale, visit our Brentwood Neighborhood Guide.

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Southeast Austin Neighborhoods Near Downtown for $400k or Less

Southeast Austin is where you’ll pick if you want a little bigger house. While Central, South and East Austin average about 1,000 sqft for $400k or less, you’ll find closer to 1,600 sqft in Southeast Austin with 3 bedrooms and 2 bathrooms. Access to Downtown is pretty easy via Pleasant Valley or 35. Plus, with 71, you can get on 35 or MoPac fairly easily as well. If you’re looking for a bigger house, Southeast Austin is a great place to start your search.

Santa Monica Park

neighborhoods near downtown austin for 400k or less santa monica park

Distance to Downtown: 5.4 miles, 12 minutes
Avg Price: $368,689
Median Price: $362,500
Number of Homes Sold Under $410k: 7
Avg Square Footage of House You Can Get for $400k: 1,543
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1967
Median Year Built of House You Can Get for $400k: 1967
School District: Austin ISD
Elementary, Middle, High School: Linder, Fulmore, Travis

For more info and to search homes for sale, visit our Santa Monica Park Neighborhood Guide.

Santa Monica Park Homes for Sale Below $400k


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Sunridge Park

Distance to Downtown: 5.8 miles, 12 minutes
Avg Price: $458,461
Median Price: $410,000
Number of Homes Sold Under $410k: 6
Avg Square Footage of House You Can Get for $400k: 1,926
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1992
Median Year Built of House You Can Get for $400k: 1989
School District: Del Valle ISD
Elementary, Middle, High School: Smith, Ojeda, Del Valle

For more info and to search homes for sale, visit our Sunridge Park Neighborhood Guide.

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Eastwood at Riverside

neighborhoods near downtown austin for 400k or less eastwood at riverside

Distance to Downtown: 6.2 miles, 14 minutes
Avg Price: $354,345
Median Price: $350,000
Number of Homes Sold Under $410k: 38
Avg Square Footage of House You Can Get for $400k: 1,872
Avg Beds/Baths You Can Get for $400k: 3/3
Avg Year Built of House You Can Get for $400k: 2017
Median Year Built of House You Can Get for $400k: 2017
School District: Del Valle ISD
Elementary, Middle, High School: Smith, Ojeda, Del Valle

For more info and to search homes for sale, visit our Eastwood at Riverside Neighborhood Guide.

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Park East

neighborhoods near downtown austin for 400k or less park east

Distance to Downtown: 5.9 miles, 12 minutes
Avg Price: $344,497
Median Price: $359,025
Number of Homes Sold Under $410k: 47
Avg Square Footage of House You Can Get for $400k: 1,863
Avg Beds/Baths You Can Get for $400k: 3/3
Avg Year Built of House You Can Get for $400k: 2017
Median Year Built of House You Can Get for $400k: 2017
School District: Del Valle ISD
Elementary, Middle, High School: Smith, Ojeda, Del Valle

For more info and to search homes for sale, visit our Park East Neighborhood Guide.

Park East Homes for Sale Below $400k


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Southwest Austin Neighborhoods Near Downtown for $400k or Less

We are defining Southwest Austin as the north end of Austin’s 78745 zip code, just south of Ben White Blvd. Like Southeast Austin, Southwest Austin does provide easier access to 71, 35 and MoPac and also offers larger homes for the price. You’re about 12-15 minutes from Downtown Austin, but only about 8 or so minutes from South Lamar and South Congress. And for most, that’s as far as they’ll need to go to get a more urban feel. If you’re looking for a bigger house and schools are important, try these Southwest Austin neighborhoods.

Western Trails

Distance to Downtown: 7.1 miles, 12 minutes
Avg Price: $429,476
Median Price: $402,000
Number of Homes Sold Under $410k: 10
Avg Square Footage of House You Can Get for $400k: 1,613
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1962
Median Year Built of House You Can Get for $400k: 1961
School District: Austin ISD
Elementary, Middle, High School: Joslin and Sunset Valley, Covington, Crockett

For more info and to search homes for sale, visit our Western Trails Neighborhood Guide.

Western Trails Homes for Sale Below $400k


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Park Forest

Distance to Downtown: 8.7 miles, 14 minutes
Avg Price: $304,583
Median Price: $316,000
Number of Homes Sold Under $410k: 11
Avg Square Footage of House You Can Get for $400k: 1,191
Avg Beds/Baths You Can Get for $400k: 3/1
Avg Year Built of House You Can Get for $400k: 1960
Median Year Built of House You Can Get for $400k: 1958
School District: Austin ISD
Elementary, Middle, High School: Joslin, Covington, Crockett

For more info and to search homes for sale, visit our Park Forest Neighborhood Guide.

Park Forest Homes for Sale Below $400k


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Emerald Forest

Distance to Downtown: 8.5 miles, 14 minutes
Avg Price: $302,368
Median Price: $300,500
Number of Homes Sold Under $410k: 17
Avg Square Footage of House You Can Get for $400k: 1,202
Avg Beds/Baths You Can Get for $400k: 3/2
Avg Year Built of House You Can Get for $400k: 1971
Median Year Built of House You Can Get for $400k: 1972
School District: Austin ISD
Elementary, Middle, High School: St Elmo, Bedichek, Travis

For more info and to search homes for sale, visit our Emerald Forest Neighborhood Guide.

Emerald Forest Homes for Sale Below $400k


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Price and size data comes from ACTRIS Sold Data 3/16/17-3/15/18.

Not Sure Which Neighborhood Near Downtown Austin for $400k or Less is For You?

With a little more information about what you’re looking for, our team of Austin neighborhood specialists can help identify the best neighborhood for you and your family. Simply email us at info@11OaksRealty.com, call us at (512) 827-8323 or fill out our Austin Neighborhood Finder and we can help guide you in the right direction.

Ready to Buy a Home Near Downtown Austin for $400k or Less?

With a combined 50+ years of experience, our team knows how to help buyers find the right neighborhood for them and get a great deal. If you’re looking for a buyer’s agent who specializes in representing buyers, we’d love to talk to you. To learn more about our team, check out our Austin Home Buyers section. Then, call us at (512) 827-8323, email us at info@11OaksRealty.com or fill out our Buyer Survey to schedule a no obligation consultation.

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Filed Under: Homes Tagged With: Affordable Homes, Best Neighborhoods, Choosing the Right Neighborhood, Downtown Austin, Urban Homes

About Rebecca Jacks

Rebecca has founded her success in real estate on a commitment to personalized service. Clients appreciate her dedication to not only the success of their transaction, but their very peace of mind. She is particularly adept at creating bridges to make home buying and relocation as seamless as possible.

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