Top 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

Southeast Austin Neighborhoods Near Downtown for $400k or Less

Southeast Austin is where you’ll pick if you want a little bigger house. 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.

Sheldon

Distance to Downtown: 25 minutes, 11 miles
Average Price: $373,433
Median Price: $376,000
Price Range: Low $300k’s – Mid $400k’s
Year Built: 2004-2015
Number of Homes Sold Under $400k: 18/24
Average Beds/Baths of House You Can Get for $400k: 3/3
Average Square Footage of House You Can Get for $400k: 1,810
Average Lot Size of House You Can Get for $400k: 0.123 acres
School District: Austin ISD
Elementary School (& GreatSchools Rating): Blazier (5/10)
Middle School (& GreatSchools Rating): Paredes (1/10)
High School (& GreatSchools Rating): Akins (3/10)

Sheldon stands out among neighborhoods near downtown Austin for $400k or less, offering a winning blend of affordability, comfort, and community-oriented living just southeast of the city. Home buyers are drawn to Sheldon’s well-maintained streets lined with maturing trees, contemporary brick-and-siding homes, and welcoming sidewalks that encourage a pedestrian-friendly atmosphere. Most homes were built by KB Homes from the mid-2000s to mid-2010s, with floor plans that flex from three all the way up to seven bedrooms, giving you a range of space to suit your needs. The lot sizes strike a comfortable balance—not too large to be burdensome, but providing ample room for outdoor enjoyment. Residents here enjoy an authentic suburban vibe while staying close to urban amenities; you’re just a short drive from downtown Austin, major employers, Austin-Bergstrom Airport, and South Austin’s growing list of shopping and restaurants. Community highlights include a spacious park, well-kept neighborhood pool, and plenty of green space for relaxing or staying active, while nearby gyms, coffee shops, and local eateries add a rich layer of convenience and lifestyle perks. Thanks to its position away from major roads, evenings are peaceful and quiet, even as development in Southeast Austin keeps picking up and boosting the area’s value. With move-in-ready homes priced attractively compared to other parts of the city, buyers benefit from updated interiors, sensible layouts, and minimal renovation headaches. Commuters appreciate quick access to both I-35 and 183, helping you reach work, school, or weekend destinations with minimal hassle. The neighborhood is also served by Austin ISD, making it a practical choice for those weighing school options. If you value affordability without sacrificing comfort, walkability, or proximity to downtown, Sheldon delivers a well-rounded buying opportunity with plenty of upside as the area continues to grow.

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

Sheldon Neighborhood Map

Sheldon Homes for Sale

SEARCH ALL SHELDON HOMES FOR SALENo Email Required!

Thaxton Place

Distance to Downtown: 27 minutes, 14 miles
Average Price: $371,333
Median Price: $369,500
Price Range: Mid-High $300k’s
Year Built: 2008-2013
Number of Homes Sold Under $400k: 6/6
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,566
Average Lot Size of House You Can Get for $400k: 0.123 acres
School District: Austin ISD
Elementary School (& GreatSchools Rating): Blazier (5/10)
Middle School (& GreatSchools Rating): Paredes (1/10)
High School (& GreatSchools Rating): Akins (3/10)

Thaxton Place presents an outstanding opportunity for home buyers searching for neighborhoods near downtown Austin for $400k or less. Located in Southeast Austin, Thaxton Place offers a blend of affordability, comfort, and convenience just a short drive from the heart of the city. Built primarily between 2008 and 2013 by respected builders, homes in this community make efficient use of space, with most ranging from 880 to just over 2,000 square feet and featuring contemporary finishes. Residents value the thoughtfully planned streets, inviting sidewalks, and sense of pride that runs through the neighborhood, which encourages a vibrant and engaged atmosphere. Quick access to Onion Creek Metropolitan Park adds to the appeal, offering miles of trails, sports fields, and scenic spaces for outdoor activities. Living here means errands are easy with major thoroughfares like Slaughter Lane and Old Lockhart Road making travel and commuting a breeze, while popular shopping centers and essential services are within minutes. Dining out is a pleasure with local favorites like Fresh Gyro Halal, Texas Roadhouse, and Fast Friends Beer Company close by. Remote workers and coffee aficionados will appreciate having top-notch cafes like Cenizo and Doxa Coffee Roasters nearby, alongside several outstanding gyms for those committed to health and fitness. The public schools serving Thaxton Place are part of Austin ISD, typically including Blazier Elementary, Paredes Middle, and Akins High, and school ratings can be verified for the most up-to-date information. For home seekers focused on value, this neighborhood’s newer construction, lower utility costs, and easy lifestyle are compelling reasons to explore what Thaxton Place offers. Inventory tends to be limited, so working with a local agent who understands Southeast Austin can provide an advantage in this in-demand area. With a competitive property tax rate and a growing local economy, Thaxton Place continues to attract buyers looking for an accessible, modern home close to Austin’s excitement without stretching their budget.

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

Thaxton Place Neighborhood Map

Thaxton Place Homes for Sale

SEARCH ALL THAXTON PLACE HOMES FOR SALENo Email Required!

Bradshaw Crossing

Distance to Downtown: 26 minutes, 12 miles
Average Price: $377,248
Median Price: $365,000
Price Range: Low $300k’s – High $400k’s
Year Built: 2006-2023
Number of Homes Sold Under $400k: 27/35
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,584
Average Lot Size of House You Can Get for $400k: 0.131
School District: Austin ISD
Elementary School (& GreatSchools Rating): Blazier (5/10)
Middle School (& GreatSchools Rating): Paredes (1/10)
High School (& GreatSchools Rating): Akins (3/10)

Bradshaw Crossing is one of the standout neighborhoods near downtown Austin for $400k or less, offering a desirable blend of modern homes, community-oriented amenities, and convenient access to the city’s major attractions. Developed by Lennar Homes from the mid-2000s through the early 2020s, the area features a collection of well-maintained single and two-story homes with brick and stone exteriors, attractive landscaping, covered patios, and privacy-fenced yards. Homebuyers are attracted by the affordability and move-in-ready condition of these properties, with many including upgrades like granite countertops and hardwood floors. Residents enjoy a welcoming environment with peaceful streets, pocket parks, and walking trails, as well as access to a community pool, clubhouse, and sports courts. Outdoor enthusiasts appreciate the proximity to Onion Creek Metro Park’s 400 acres of greenbelt and McKinney Falls State Park for hiking, biking, or simply relaxing in nature. Commuters benefit from quick access to I-35 and the 130/45 Toll Road, making downtown Austin and the airport reachable in under 25 minutes. Shopping and dining are just minutes away at Southpark Meadows, a major retail hub offering everything from big-box stores to local eateries. Fitness options abound, with nearby gyms like Orangetheory, Gold’s Gym, and Planet Fitness, along with local favorites such as Summer Moon and Cenizo Coffee for a great cup of coffee or a quiet workspace. Bradshaw Crossing’s ongoing growth, attainable pricing, and easy access to both city life and outdoor activities make it a smart choice for buyers searching neighborhoods near downtown Austin for $400k or less.

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

Bradshaw Crossing Neighborhood Map

Bradshaw Crossing Homes for Sale

SEARCH ALL BRADSHAW CROSSING HOMES FOR SALENo Email Required!

Colorado Crossing

Distance to Downtown: 19 minutes, 8 miles
Average Price: $373,724
Median Price: $379,300
Price Range: Low $300k’s – Mid $400k’s
Year Built: 2006-2021
Number of Homes Sold Under $400k: 27/32
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,658
Average Lot Size of House You Can Get for $400k: 0.111
School District: Del Valle ISD
Elementary School (& GreatSchools Rating): Smith (5/10)
Middle School (& GreatSchools Rating): Ojeda (2/10)
High School (& GreatSchools Rating): Del Valle (2/10)

Colorado Crossing is a standout option for buyers who want neighborhoods near downtown Austin for $400k or less without sacrificing comfort or convenience. Situated just west of Austin Bergstrom International Airport in Southeast Austin, this community offers an appealing blend of affordability, newer construction, and easy city access, all within a 15-minute drive from downtown. Built between 2006 and 2021, Colorado Crossing’s quiet, residential streets are lined with modern one- and two-story brick and stone homes, all equipped with solar panels to help lower utility bills and support eco-conscious living. With home sizes typically ranging from 2 to 5 bedrooms and 1,004 to 2,858 square feet, you’ll find layouts that work for different lifestyles. Yards are roomy enough for gathering or relaxation while keeping exterior maintenance to a minimum. Residents enjoy amenities designed to foster connection and an active lifestyle—including a community pool to escape the Texas heat, well-kept parks, and inviting walking trails crisscrossing the neighborhood. For commuters and those who travel often, airports, major highways (71, 183, and 35), and central Austin work hubs are remarkably accessible. Beyond the neighborhood, you’re close to lively local coffee shops, acclaimed restaurants like Meanwhile Brewing and Delmy’s Pupuseria, and Southeast Austin’s legendary green spaces, such as McKinney Falls State Park. Fitness centers, casual eateries, and unique bars are all within a short drive, and shopping options abound at Southpark Meadows and along South Congress. Despite the urban location, Colorado Crossing is known for peaceful evenings, visible pride in homeownership, and a strong sense of neighborhood camaraderie. With a lower property tax rate than previous years, a variety of homes available under $400,000, and standout features like energy-efficient amenities, Colorado Crossing delivers unbeatable value for buyers seeking access, comfort, and community just minutes from downtown Austin.

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

Colorado Crossing Neighborhood Map

Colorado Crossing Homes for Sale

SEARCH ALL COLORADO CROSSING HOMES FOR SALENo Email Required!

Springfield

Distance to Downtown: 20 minutes, 10 miles
Average Price: $390,740
Median Price: $405,000
Price Range: High $200k’s – Mid $400k’s
Year Built: 1987-2019
Number of Homes Sold Under $400k: 19/39
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,787
Average Lot Size of House You Can Get for $400k: 0.152
School District: Del Valle ISD (DVISD) or Austin ISD (AISD)
Elementary School (& GreatSchools Rating): Hillcrest (3/10) (DVISD) or Palm (6/10) (AISD)
Middle School (& GreatSchools Rating): Ojeda (2/10) (DVISD) or Paredes (1/10) (AISD)
High School (& GreatSchools Rating): Del Valle (2/10) (DVISD) or Akins (3/10) (AISD)

Springfield stands out as one of the best values for home buyers searching for neighborhoods near downtown Austin for $400k or less. Developed mostly in the early 2000s, Springfield brings approachable pricing while offering spacious, well-built brick homes in a relaxed, neighborly setting. Its prime Southeast Austin location ensures convenient access to downtown, major employers, and the airport, all without the stress of high price tags typically seen in central Austin. Springfield’s residential streets are thoughtfully designed, and many homes feature open floor plans, generous yards, and classic architectural styles, giving you both comfort and functionality for daily life as well as entertaining guests. The neighborhood’s direct connection to McKinney Falls State Park and Onion Creek Metropolitan Park means hiking, cycling, and outdoor activities are always close by, appealing to those who prioritize access to nature as part of their living experience. Local amenities include a range of nearby gyms, playgrounds, and coffee shops such as Cenizo and Doxa Coffee Roasters, plus an expanding list of restaurants and pubs for dining and socializing. Commuters appreciate multiple routes to I-35, 183, and the airport, making travel to downtown or other parts of the city straightforward. With a steady resale value, a true sense of community, and strong growth underway in Southeast Austin, Springfield appeals to buyers who seek both convenience and a connection to Austin’s green spaces. If you’re looking for a low-maintenance lifestyle with room to grow, friendly neighbors, and easy access to all that Austin has to offer, Springfield offers an inviting solution in the heart of the city’s dynamic southeast corridor.

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

Springfield Neighborhood Map

Springfield Homes for Sale

SEARCH ALL SPRINGFIELD HOMES FOR SALENo Email Required!

Los Arboles

Distance to Downtown: 14 minutes, 7 miles
Average Price: $390,143
Median Price: $410,000
Price Range: Mid $200k’s – High $400k’s
Year Built: 2003-2008
Number of Homes Sold Under $400k: 3/7
Average Beds/Baths of House You Can Get for $400k: 2/2
Average Square Footage of House You Can Get for $400k: 1,203
Average Lot Size of House You Can Get for $400k: 0.157
School District: Del Valle ISD
Elementary School (& GreatSchools Rating): Smith (5/10)
Middle School (& GreatSchools Rating): Ojeda (2/10)
High School (& GreatSchools Rating): Del Valle (2/10)

Los Arboles is a standout choice for home buyers searching for neighborhoods near downtown Austin for $400k or less, offering a desirable combination of newer construction, appealing design, and everyday convenience just six miles from the city center. Built primarily after 2000, homes here feature open layouts, spacious kitchens, and attractive exteriors, creating a modern look that avoids the dated feel of many nearby options. The community’s rear-entry garages keep streetscapes neat and front yards open, lending plenty of curb appeal and a welcoming atmosphere. The neighborhood is designed for connection and comfort, with tree-lined sidewalks perfect for morning jogs or evening strolls, and green spaces that provide shade and relaxation. Residents benefit from an active HOA, which helps maintain the area’s tidy appearance and organizes occasional events that foster a friendly, connected vibe among neighbors. Los Arboles is especially attractive to buyers who want value without compromising on location, as it offers efficient commutes to downtown, the airport, and major highways in about 15 minutes. Daily necessities are just a short drive away, including grocery stores, retailers, and a growing array of cafes and eateries that reflect the vibrant Southeast Austin scene. If staying active is important to you, top-rated gyms and outdoor attractions like McKinney Falls State Park are conveniently close. Community amenities, combined with a lower-than-average property tax rate and a wide range of home sizes and styles, make Los Arboles a practical yet enjoyable place to live. For those who want quick access to Austin’s nightlife, cultural events, and dining scene without sacrificing the comfort and upkeep of a newer home, Los Arboles offers an inviting solution.

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

Los Arboles Neighborhood Map

Los Arboles Homes for Sale

SEARCH ALL LOS ARBOLES HOMES FOR SALENo Email Required!

Vistas of Austin

Distance to Downtown: 20 minutes, 11 miles
Average Price: $415,505
Median Price: $416,367
Price Range: Mid $300k’s – Mid $400k’s
Year Built: 2018-2024
Number of Homes Sold Under $400k: 16/55
Average Beds/Baths of House You Can Get for $400k: 3/3
Average Square Footage of House You Can Get for $400k: 1,805
Average Lot Size of House You Can Get for $400k: 0.115
School District: Austin ISD
Elementary School (& GreatSchools Rating): Blazier (5/10)
Middle School (& GreatSchools Rating): Paredes (1/10)
High School (& GreatSchools Rating): Akins (3/10)

Vistas of Austin stands out among neighborhoods near downtown Austin for $400k or less, offering a blend of modern comfort, outdoor access, and convenience that attracts buyers seeking both value and lifestyle perks. Located off Old Lockhart Road in Southeast Austin, this thoughtfully designed community was built between 2018 and 2024 and features new homes with contemporary finishes, energy-efficient designs, and a variety of open floor plans. What truly sets Vistas of Austin apart is its commitment to green space—with over 50 of its 158 acres devoted to greenbelt, you’ll find shaded walking trails, scenic views of Rinard Creek, and an overall sense of openness not always found in city neighborhoods at this price point. The community’s amenity center includes a large swimming pool, covered pavilion, and playground, making it easy to relax or meet neighbors without leaving home. Sidewalk-lined streets encourage strolls, while proximity to I-35, Highway 183, and Southpark Meadows means quick commutes and easy access to shopping, dining, and everyday essentials. For those craving downtime or adventure, you’ll love being near McKinney Falls State Park and Mary Moore Searight Park as well as South Austin’s buzzing food and coffee scene. Property taxes here are lower than in many nearby communities, and it’s common to find move-in-ready homes with attached garages and updated features, all within budget. Vistas of Austin combines natural beauty, community amenities, and city convenience, making it a compelling option for anyone searching for neighborhoods near downtown Austin for $400k or less.

For more info and to search homes for sale, visit our Vistas of Austin Neighborhood Guide.

Vistas of Austin Neighborhood Map

Vistas of Austin Homes for Sale

SEARCH ALL VISTAS OF AUSTIN HOMES FOR SALENo Email Required!

Addison

Distance to Downtown: 16 minutes, 10 miles
Average Price: $431,496
Median Price: $434,500
Price Range: Mid $300k’s – Mid $500k’s
Year Built: 2014-2023
Number of Homes Sold Under $400k: 11/48
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,562
Average Lot Size of House You Can Get for $400k: 0.108 acres
School District: Del Valle ISD
Elementary School (& GreatSchools Rating): Hillcrest (3/10)
Middle School (& GreatSchools Rating): Ojeda (2/10)
High School (& GreatSchools Rating): Del Valle (2/10)

Addison offers one of the best opportunities for home buyers looking for neighborhoods near downtown Austin for $400k or less, blending modern design, community amenities, and unbeatable convenience. Located in Southeast Austin, just a short 15-minute drive from downtown, Addison is home to around 550 residences developed between 2014 and 2024, featuring a clean, contemporary look and lots with manageable yard sizes. What really sets Addison apart is its balance of affordability and access; in other parts of Austin, newer homes at this price point are likely to be twice as far from the city center. The neighborhood is thoughtfully laid out with tree-lined sidewalks, well-kept green spaces, and a scenic greenbelt that weaves throughout the community, connecting pocket parks and walking trails for an active and outdoor-friendly lifestyle. Residents enjoy a modern amenity center, a resort-style pool, playgrounds, and a friendly HOA that helps organize events throughout the year. It’s easy to stay connected while keeping commutes short, thanks to major roads like Highway 71, 183, and 35, and frequent travelers will appreciate the proximity to the airport and reliable power grid. For those who love the outdoors, Addison is steps from McKinney Falls State Park and Onion Creek Metropolitan Park, while three local coffee shops and a mix of nearby restaurants and sports bars keep the social calendar full. You can also find plenty of gyms and fitness studios within a quick drive, supporting an active lifestyle. If you’re searching for an affordable, newer neighborhood with thoughtful amenities, easy downtown access, and a true sense of community, Addison stands out as a smart and welcoming choice among neighborhoods near downtown Austin for $400k or less.

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

Addison Neighborhood Map

Addison Homes for Sale

SEARCH ALL ADDISON HOMES FOR SALENo Email Required!

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.

Buckingham Estates

Distance to Downtown: 18 minutes, 8 miles
Average Price: $402,441
Median Price: $392,000
Price Range: Low $200k’s – Mid $700k’s
Year Built: 1971-2023
Number of Homes Sold Under $400k: 21/38
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,143
Average Lot Size of House You Can Get for $400k: 0.151
School District: Austin ISD
Elementary School (& GreatSchools Rating): Casey (6/10) or Williams (7/10)
Middle School (& GreatSchools Rating): Bedichek (2/10)
High School (& GreatSchools Rating): Akins (3/10) or Crockett (4/10)

Buckingham Estates stands out as a smart choice for home buyers searching for neighborhoods near downtown Austin for $400k or less. Located off South 1st Street between West Dittmar and West Slaughter Lane, this Southwest Austin community blends classic charm with new growth and modern housing options. Buyers are often drawn to its mature trees, well-maintained yards, and relaxed atmosphere, all complemented by the flexibility of having no HOA and a variety of home sizes and styles, including affordably priced options under $400k. The area features both traditional brick homes and new builds, with most properties offering 2–4 bedrooms and flexible outdoor spaces that are easy to personalize. Convenience is a highlight here, with quick commutes to downtown via I-35 or Mopac, proximity to major employers, and everyday essentials like grocery stores, parks, and coffee shops just minutes away. Residents enjoy access to recreational spaces such as Dittmar District Park and Mary Moore Searight Metropolitan Park, as well as numerous local favorites for dining, coffee, and fitness. Buckingham Estates’ walkable, shaded streets encourage active living and provide a welcoming environment for anyone looking to be part of a well-established Austin neighborhood with a fresh sense of energy. Homeowners appreciate the opportunity to add value through renovations, the approachable price points compared to other South Austin areas, and the strong sense of connection among neighbors. For anyone looking to balance affordability, location, and lifestyle near downtown Austin, Buckingham Estates is well worth considering.

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

Buckingham Estates Neighborhood Map

Buckingham Estates Homes for Sale

SEARCH ALL BUCKINGHAM ESTATES HOMES FOR SALENo Email Required!

Olympic Heights

Distance to Downtown: 22 minutes, 16 miles
Average Price: $398,645
Median Price: $401,000
Price Range: Mid $300k’s – Mid $400k’s
Year Built: 2002-2012
Number of Homes Sold Under $400k: 19/39
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,355
Average Lot Size of House You Can Get for $400k: 0.11 acres
School District: Austin ISD
Elementary School (& GreatSchools Rating): Baranoff (7/10)
Middle School (& GreatSchools Rating): Bailey (5/10)
High School (& GreatSchools Rating): Akins (3/10)

Olympic Heights is a standout neighborhood for anyone searching for neighborhoods near downtown Austin for $400k or less. Located in the popular 78748 zip code in Southwest Austin, Olympic Heights combines affordability with a vibrant sense of community, making it an appealing choice for home buyers seeking both value and connection. Homes here, built by DR Horton between 2002 and 2012, offer a variety of single- and two-story options ranging from around 1,100 to 2,400 square feet. Streets lined with mature trees and abundant green spaces encourage outdoor activities and add to the area’s charm. The neighborhood is crafted for easy living, with wide sidewalks, a scenic walking trail, and carefully tended parks that invite you outside. Olympic Heights is split into two sections, allowing buyers to choose between two reputable high schools, with the western section zoned for highly rated Bowie High School. Day-to-day life in Olympic Heights is convenient and enjoyable thanks to amenities like a private community pool, a fenced dog park, and frequent social events hosted by an active HOA. Opportunities for fitness are abundant, with several gyms in close proximity and Mary Moore Searight Metro Park just a short drive away. The neighborhood’s strong focus on walkability and active living is complemented by easy commutes into central Austin, thanks to its close access to Manchaca Road, Slaughter Lane, and major highways. For those who enjoy exploring local flavor, Olympic Heights is surrounded by some of Austin’s best coffee shops, craft breweries, and a diverse range of dining options that cater to any taste. Local favorites, including Valentina’s Tex Mex BBQ and Moontower Saloon, are just minutes away. With a property tax rate that has gradually decreased and HOA dues that help maintain excellent community standards and amenities, Olympic Heights stands out as one of the best values in Southwest Austin. Whether you’re a first-time homebuyer or looking for a strategic investment in Austin’s competitive market, Olympic Heights combines affordability, convenience, and a welcoming neighborhood spirit that makes it a compelling place to call home.

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

Olympic Heights Neighborhood Map

Olympic Heights Homes for Sale

SEARCH ALL OLYMPIC HEIGHTS HOMES FOR SALENo Email Required!

Parkwood

Distance to Downtown: 18 minutes, 8 miles
Average Price: $412,839
Median Price: $411,500
Price Range: Mid $300k’s – High $400k’s
Year Built: 1994-1997
Number of Homes Sold Under $400k: 6/14
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,572
Average Lot Size of House You Can Get for $400k: 0.151 acres
School District: Austin ISD
Elementary School (& GreatSchools Rating): Casey (6/10)
Middle School (& GreatSchools Rating): Bedichek (2/10)
High School (& GreatSchools Rating): Akins (3/10)

If you’re searching for neighborhoods near downtown Austin for $400k or less, Parkwood stands out as a smart choice for buyers seeking both affordability and convenience. Set just south of downtown, Parkwood puts you within minutes of the city’s vibrant entertainment, dining, and employment districts, yet offers a much quieter pace of life. The neighborhood enjoys easy access to major thoroughfares like Menchaca Road, William Cannon, and S 1st Street, making commutes to downtown or the airport straightforward and generally stress-free. Homes here, typically built in the 1990s, range in size from just under 1,000 to over 2,300 square feet, with many featuring updated interiors and attractive brick or stone exteriors. Residents benefit from calm, tree-lined streets with minimal through-traffic, which creates a relaxed atmosphere and enhances walkability. Dittmar Neighborhood Park sits at the heart of Parkwood and offers tennis courts, a pool, playgrounds, and abundant green space for outdoor activities. Affordable price points make Parkwood an appealing entry point for buyers who want move-in-ready homes without the steep price tag found elsewhere in Austin. On top of this, the area’s close-knit community feel is complemented by nearby amenities, from local coffee shops like Radix and The Hive to convenient fitness centers and South Austin’s lively dining scene. Grocery options, parks, and highly rated public transit routes further enrich the lifestyle here. With a strong track record for stable property values and desirable resale potential, Parkwood is a compelling option for those eager to combine value, access to urban amenities, and a sense of peace just minutes from the heart of Austin.

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

Parkwood Neighborhood Map

Parkwood Homes for Sale

SEARCH ALL PARKWOOD HOMES FOR SALENo Email Required!

North Austin Neighborhoods Near Downtown for $400k or Less

Wells Branch

Distance to Downtown: 20 minutes, 15 miles
Average Price: $429,047
Median Price: $418,000
Price Range: Mid $200k’s – Mid $600k’s
Year Built: 1982-2018
Number of Homes Sold Under $400k: 29/68
Average Beds/Baths of House You Can Get for $400k: 3/2
Average Square Footage of House You Can Get for $400k: 1,288
Average Lot Size of House You Can Get for $400k: 0.146 acres
School District: Pflugerville ISD (PISD) or Round Rock ISD (RRISD)
Elementary School (& GreatSchools Rating): Northwest (2/10) (PISD) or Wells Branch (4/10) (RRISD)
Middle School (& GreatSchools Rating): Westview (2/10) (PISD) or Deerpark (4/10) (RRISD)
High School (& GreatSchools Rating): Connelly (2/10) (PISD) or McNeil (6/10) (RRISD)

If you’re searching for neighborhoods near downtown Austin for $400k or less, Wells Branch stands out as a great choice with its appealing mix of affordability, convenience, and amenities. Located between MoPac and I-35 in northwest Austin’s 78728 zip code, Wells Branch offers short commute times to both downtown and major North Austin tech employers, thanks to its easy access to several main highways. The area features homes built from the late 1970s through the 2010s, providing a mix of charming older properties and newer designs that suit a variety of preferences. Home sizes here average around 1,600 square feet, which means you’ll find cozy, manageable spaces as well as larger layouts for those wanting extra room, all on a budget that makes homeownership near downtown Austin achievable. One of the highlights of living in Wells Branch is the abundant green space and mature tree canopy that line the streets, giving the neighborhood a peaceful, established feel while still offering quick access to city amenities. Residents enjoy an impressive range of neighborhood features, including an extensive trail system for walking or biking, community pools, sports courts and fields, a recreation and fitness center, as well as plenty of parks and picnic areas to enjoy sunny Austin days. Local coffee shops, restaurants with global flavors, and nearby entertainment spots add social and dining options within easy reach. Community events like the popular Pioneer Festival and outdoor movie nights help you meet neighbors and feel connected. Wells Branch is also served by both Round Rock and Pflugerville ISDs, providing a choice of public school options. Property tax rates here are competitive, and the area continues to draw attention from buyers seeking value just outside Austin’s urban core. For home buyers wanting a balance of affordability, livability, and quick access to downtown Austin, Wells Branch consistently delivers a strong combination of lifestyle and value.

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

Wells Branch Neighborhood Map

Wells Branch Homes for Sale

SEARCH ALL WELLS BRANCH HOMES FOR SALENo Email Required!

Price and size data comes from ACTRIS Sold Data 6/16/23-6/15/24. GreatSchools ratings are as of .

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.