Finding the best Austin neighborhood can be an overwhelming task, especially if you are relocating to Austin and don’t know the city that well. To help you get started with the research phase of the home buying process, we’ve compiled a list of the best Austin neighborhoods under $400k.
Mapped: Best Austin Neighborhoods Under 400k
Best Austin Neighborhoods Under 400k
Our list of best Austin neighborhoods under 400k is listed alphabetically and include a link to our neighborhood guide if you’re interested in learning more. We’ve also included median and average prices, to give you an idea where $400k homes fit into each neighborhood.
Avery Ranch
Distance to Downtown Austin: 25 minutes, 19.5 miles
Distance to Austin Airport: 30 minutes, 27 miles
Area of Austin: Northwest Austin
Zip Code: 78717
School District: Leander & Round Rock ISD
Average Price: $380,008
Median Price: $355,000
Avery Ranch is the ideal neighborhood for someone looking for a suburban feel with tons of amenities in Northwest Austin. With 5 community centers, 4 community pools, miles of hike and bike trails, tennis, sand volleyball, basketball and a public golf course, there is literally something for everyone. Avery Ranch is also one of the most affordable master planned communities with a range of housing available in a highly rated school district.
For more info, check out our Avery Ranch Neighborhood Guide.
Homes Under 400k in Avery Ranch
Barrington Oaks
Distance to Downtown Austin: 16 minutes, 13.4 miles
Distance to Austin Airport: 22 minutes, 21 miles
Area of Austin: Northwest Austin
Zip Code: 78759
School District: Round Rock ISD
Average Price: $370,339
Median Price: $363,543
Barrington Oaks is located in Northwest Austin at Spicewood Springs Road and 183. One of the more established neighborhoods on this list, Barrington Oaks homes are unique, something that most residents appreciate. Inside you’ll find a mix of updated homes with a more modern level of finish out to something in original 1970s and 1980s condition. Outside, you’ll find mature trees, spacious lots and even some swimming pools. Bottom line, if you’re looking for a prime, Northwest Austin location close to town and don’t want to break the bank, Barrington Oaks is a great place to start your search.
For more info, check out our Barrington Oaks Neighborhood Guide.
Homes Under 400k in Barrington Oaks
Crestview
Distance to Downtown Austin: 15 minutes, 9 miles
Distance to Austin Airport: 20 minutes, 15 miles
Area of Austin: Central Austin
Zip Code: 78757
School District: Austin ISD
Average Price: $494,194
Median Price: $438,400
Crestview is one of the neighborhoods bordering the hugely popular Burnet Road area, making it the perfect choice if you’re looking for a walkable neighborhood. Built largely during the post World War II housing boom, Crestview is filled with charming bungalows. If you don’t need a huge house and would prefer to be in the heart of the city, Crestview is a place to check out.
For more info, check out our Crestview Neighborhood Guide.
Homes Under 400k in Crestview
Highland Horizon
Distance to Downtown Austin: 22 minutes, 18.1 miles
Distance to Austin Airport: 26 minutes, 26 miles
Area of Austin: Northwest Austin
Zip Code: 78717
School District: Round Rock ISD
Average Price: $362,789
Median Price: $348,000
Highland Horizon is one of the newer neighborhoods to make our list of best Austin neighborhoods below $400k. Homes feature open floorplans, stainless steel appliances and energy efficient construction, making them affordable to operate. Plus, residents enjoy a community pool and playground within the neighborhood as well as the Brushy Creek MUD amenities which include a recreation center, racquetball courts, basketball courts, fitness center, 17 miles of trails 4 pools and 9 playgrounds. Also, if you commute, Highland Horizon residents can easily access 620 and 45, making it ideal for someone who doesn’t want to sit in the car for longer than they have to.
For more info, check out our Highland Horizon Neighborhood Guide.
Homes Under 400k in Highland Horizon
Knollwood on the Colorado
Distance to Downtown Austin: 18 minutes, 7 miles
Distance to Austin Airport: 10 minutes, 7.5 miles
Area of Austin: East Austin
Zip Code: 78725
School District: Austin ISD
Average Price: $357,946
Median Price: $359,900
Knollwood on the Colorado is one of the more unique neighborhoods on our list. Though it presents as a typical, suburban neighborhood, it has some awesome amenities that you can’t find many other places. Though there is no community pool, there is access to the Colorado River and a beautiful, riverside park reserved for residents. You’ll also find trails and an abundance of nature. Plus, you’re only about 5 miles from Downtown, making it a great choice for someone who wants a newer, larger home, but doesn’t want to be 45 minutes from Downtown Austin.
For more info, check out our Knollwood on the Colorado Neighborhood Guide.
Homes Under 400k in Knollwood on the Colorado
Legend Oaks
Distance to Downtown Austin: 16 minutes, 10.4 miles
Distance to Austin Airport: 18 minutes, 15 miles
Area of Austin: Southwest Austin
Zip Code: 78749
School District: Austin ISD
Average Price: $379,494
Median Price: $370,000
Legend Oaks is a fairly large, 1,000 home development built in the 1980s and 1990s by about 6 Austin builders. Residents enjoy access to two community pools, tennis courts, playground, walking trails and some homes are even within walking distance to Escarpment Village. Homes are known for their abundance of windows, making them brighter than the newer homes you’ll find further south. Plus, the neighborhood is mature enough to have mature landscaping, which is especially pretty on the greenbelt lots. If you’re looking for a suburban feel, not too far from Downtown Austin, Legend Oaks is a great place to start your search.
For more info, check out our Legend Oaks Neighborhood Guide.
Homes Under 400k in Legend Oaks
North Loop
Distance to Downtown Austin: 10 minutes, 5.5 miles
Distance to Austin Airport: 18 minutes, 9.6 miles
Area of Austin: Central Austin
Zip Code: 78751
School District: Austin ISD
Average Price: $427,528
Median Price: $392,000
North Loop is one of the go to neighborhoods if you’re looking for a walkable, semi-urban neighborhood north of Downtown. A small neighborhood with only a handful of streets, North Loop is known for it’s boutique shops, local coffee houses and fusion restaurants. With several local gathering spots within walking distance, North Loop is one of the few Central Austin neighborhoods that have a strong sense of community.
For more info, check out our North Loop Neighborhood Guide.
Homes Under 400k in North Loop
Park East
Distance to Downtown Austin: 12 minutes, 6.2 miles
Distance to Austin Airport: 6 minutes, 3.6 miles
Area of Austin: East Austin
Zip Code: 78741
School District: Del Valle ISD
Average Price: $365,329
Median Price: $365,000
Park East is located in the up and coming East Austin corridor. Just minutes from Downtown Austin and the airport off Riverside Drive, Park East residents enjoy easy access to just about everything. The neighborhood is small, but is selling fast with brand new construction below $400k. Homes sit on small lots, so they are ideal for someone who wants their own four walls, but doesn’t want to do too much yard work. If you’re looking for brand new construction below $400k minutes from Downtown, Park East is a great place to start your search.
For more info, check out our Park East Neighborhood Guide.
Homes Under 400k in Park East
Shady Hollow
Distance to Downtown Austin: 21 minutes, 14 miles
Distance to Austin Airport: 21 minutes, 18 miles
Area of Austin: Southwest Austin Austin
Zip Code: 78748 & 78739
School District: Austin ISD
Average Price: $395,419
Median Price: $371,250
If you’re looking for a master planned community that’s as close to Downtown Austin as you can get with great schools, Shady Hollow is your place. Built over 25 years, each section has a unique style and character. You’ll find homes on more than an acre as well as newer construction built on a more manageable size lot. Shady Hollow residents have a great sense of community and are often found at the community parks or pools.
For more info, check out our Shady Hollow Neighborhood Guide.
Homes Under 400k in Shady Hollow
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Sweetwater
Distance to Downtown Austin: 30 minutes, 22 miles
Distance to Austin Airport: 31 minutes, 27 miles
Area of Austin: Southwest Austin Austin
Zip Code: 78738
School District: Lake Travis ISD
Average Price: $428,607
Median Price: $413,750
Developed by the same developer who was responsible for Steiner Ranch, it is no wonder Sweetwater, one of Lake Travis’ newest neighborhoods, makes the list. Sweetwater is known for it’s sense of community, resort style community pool and highly rated Lake Travis ISD schools. Sweetwater homes are finished with everything today’s buyers are looking for and are on manageable sized lots. If you’re looking for a master planned community near the lake, Sweetwater is a great choice.
For more info, check out our Sweetwater Neighborhood Guide.
Homes Under 400k in Sweetwater
Average and median price data is from ACTRIS 11/01/2016 to 10/31/2017.
Not Sure if This List of Best Austin Neighborhoods Under $400k are for You?
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Austin Homes for Sale Priced Below $400,000
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