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 (7/10)
Middle School (& GreatSchools Rating): Paredes (3/10)
High School (& GreatSchools Rating): Akins (4/10)

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

Sheldon Neighborhood Map

Sheldon Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Paredes (3/10)
High School (& GreatSchools Rating): Akins (4/10)

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

Thaxton Place Neighborhood Map

Thaxton Place Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Paredes (3/10)
High School (& GreatSchools Rating): Akins (4/10)

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

Bradshaw Crossing Neighborhood Map

Bradshaw Crossing Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Ojeda (3/10)
High School (& GreatSchools Rating): Del Valle (3/10)

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

Colorado Crossing Neighborhood Map

Colorado Crossing Homes for Sale

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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 (8/10) (AISD)
Middle School (& GreatSchools Rating): Ojeda (3/10) (DVISD) or Paredes (3/10) (AISD)
High School (& GreatSchools Rating): Del Valle (3/10) (DVISD) or Akins (4/10) (AISD)

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

Springfield Neighborhood Map

Springfield Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Ojeda (3/10)
High School (& GreatSchools Rating): Del Valle (3/10)

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

Los Arboles Neighborhood Map

Los Arboles Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Paredes (3/10)
High School (& GreatSchools Rating): Akins (4/10)

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

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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 (3/10)
High School (& GreatSchools Rating): Del Valle (3/10)

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

Addison Neighborhood Map

Addison Homes for Sale

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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.

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 (7/10) or Williams (5/10)
Middle School (& GreatSchools Rating): Bedichek (5/10)
High School (& GreatSchools Rating): Akins (4/10) or Crockett (3/10)

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

Buckingham Estates Neighborhood Map

Buckingham Estates Homes for Sale

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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 (8/10)
Middle School (& GreatSchools Rating): Bailey (6/10)
High School (& GreatSchools Rating): Akins (4/10)

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

Olympic Heights Neighborhood Map

Olympic Heights Homes for Sale

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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 (7/10)
Middle School (& GreatSchools Rating): Bedichek (5/10)
High School (& GreatSchools Rating): Akins (4/10)

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

Parkwood Neighborhood Map

Parkwood Homes for Sale

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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 (4/10) (PISD) or Wells Branch (4/10) (RRISD)
Middle School (& GreatSchools Rating): Westview (2/10) (PISD) or Deerpark (5/10) (RRISD)
High School (& GreatSchools Rating): Connelly (2/10) (PISD) or McNeil (5/10) (RRISD)

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

Wells Branch Neighborhood Map

Wells Branch Homes for Sale

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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.