If you’re looking to live in Austin and have about $500,000 to spend, you have several choices. So many that you might be overwhelmed. To help you wade through your choices, we’ve put together a list of the top 10 Austin neighborhoods for $500k. We’ve mapped them out to give you an idea where they are located, given you some info about each and a link to where you can get more information if it sounds like a neighborhood that might be a fit.
Austin Neighborhoods for $500k Mapped
Below you’ll see a visual representation of our top 10 Austin neighborhoods for $500k. We’ve split the map in layers based on school districts in case there is a school district you’d like to target.
Top 10 Austin Neighborhoods for $500k
Here are our top 10 Austin neighborhoods for $500k in order from lowest to highest median price. Most neighborhoods on this list have a range of housing prices. You’ll see even some have average and median prices less than $500k. But, those neighborhoods consist of hundreds, if not thousands, of homes and have sections of homes that are closer to $500k.
Colorado Crossing
Area of Town: Southeast Austin
Zip Code: 78744
Distance to Downtown Austin: 19 minutes, 9 miles
Distance to Austin Airport: 7 minutes, 4 miles
School District: Del Valle ISD
Elementary School: Smith (7/10)
Middle School: Ojeda (3/10)
High School: Del Valle (3/10)
Average Price: $446,104
Median Price: $445,000
Average Beds/Baths: 3/2
Average SqFt: 1,656
Median SqFt: 1,458
Average Lot Size (Acres): 0.114
Colorado Crossing is one of Austin’s most affordable neighborhoods and a popular choice for someone looking to be near downtown or the airport. The neighborhood was developed by Lennar Homes and is one of the all solar communities which means very affordable utility bills. Colorado Crossing does have a community park and pool and is conveniently located off McKinney Falls Parkway and 183.
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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Bradshaw Crossing
Area of Town: Southeast Austin
Zip Code: 78747
Distance to Downtown Austin: 23 minutes, 12 miles
Distance to Austin Airport: 18 minutes, 12 miles
School District: Austin ISD
Elementary School: Blazier (7/10)
Middle School: Paredes (3/10)
High School: Akins (4/10)
Average Price: $454,963
Median Price: $450,000
Average Beds/Baths: 4/3
Average SqFt: 1,656
Median SqFt: 1,458
Average Lot Size (Acres): 0.114
One of Southeast Austin’s first master planned communities, Bradshaw Crossing has been developing over the last decade plus. At build out, the community will have 3,500 homes built around the 400 acre Onion Creek Metro Park and greenbelt. As Southeast Austin develops, we are seeing Bradshaw Crossing take off in terms of desirability. And, with Blazier Elementary recently being rated one of Austin’s top elementary schools, it’s a great choice for someone who needs a good elementary school.
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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Wells Branch
Area of Town: Northwest Austin
Zip Code: 78728
Distance to Downtown Austin: 22 minutes, 15 miles
Distance to Austin Airport: 33 minutes, 24 miles
School District: Round Rock ISD or Pflugerville ISD
Elementary School: Wells Branch (4/10), Joe Lee Johnson (3/10) or Northwest (4/10)
Middle School: Deerpark (5/10) or Westview (2/10)
High School: McNeil (5/10) or Connally (2/10)
Average Price: $462,248
Median Price: $457,000
Average Beds/Baths: 3/2
Average SqFt: 1,597
Median SqFt: 1,560
Average Lot Size (Acres): 0.156
The only Northwest Austin neighborhood to make the list, Wells Branch is the ideal choice for someone who needs to be on the north side of town. The majority of the neighborhood was developed in the 1970s to 1990s, so you’ll find more closed off floor plans and more traditional style homes. Residents are drawn to the mature landscaping, Round Rock ISD schools and convenient access to 35 and 45.
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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Crossing at Onion Creek
Area of Town: Southeast Austin
Zip Code: 78744
Distance to Downtown Austin: 17 minutes, 11 miles
Distance to Austin Airport: 13 minutes, 11 miles
School District: Austin ISD
Elementary School: Blazier (7/10)
Middle School: Bedichek (5/10)
High School: Crockett (3/10)
Average Price: $459,368
Median Price: $472,500
Average Beds/Baths: 3/2
Average SqFt: 1,818
Median SqFt: 1,574
Average Lot Size (Acres): 0.141
Developed in the mid 200s, Crossing at Onion Creek is one of Austin’s hidden gems. The neighborhood is mature enough to have taller trees and well filled in landscaping, but new enough to have more open floor plans and more modern style house. When you’re in the neighborhood, it looks like a Southwest Austin neighborhood as it is developed compared to some other Southeast Austin neighborhoods that are set in the middle of farm land. Crossing at Onion Creek is an ideal choice if you like a more established community near amenities and want to spend less to get it.
For more info and to search homes for sale, visit our Crossing at Onion Creek Neighborhood Guide.
Crossing at Onion Creek Neighborhood Map
Crossing at Onion Creek Homes for Sale
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Riverside Meadows
Area of Town: East Austin
Zip Code: 78741
Distance to Downtown Austin: 17 minutes, 6 miles
Distance to Austin Airport: 8 minutes, 3 miles
School District: Del Valle ISD
Elementary School: Smith (7/10)
Middle School: Ojeda (3/10)
High School: Del Valle (3/10)
Average Price: $473,400
Median Price: $477,000
Average Beds/Baths: 4/3
Average SqFt: 1,748
Median SqFt: 2,088
Average Lot Size (Acres): 0.107
The furthest neighborhood north on our south Austin neighborhoods, Riverside Meadows is another one of Austin’s best kept secret. Located at the end of Riverside Drive, Riverside Meadows residents get the benefit of all of the development along Riverside as well as easy access to 71 and the airport. Homes were built in the early 2000s, so they’re new enough to have semi open floor plans and newer appliances, but also old enough to have mature trees and landscaping.
For more info and to search homes for sale, visit our Riverside Meadows Neighborhood Guide.
Riverside Meadows Neighborhood Map
Riverside Meadows Homes for Sale
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Olympic Heights
Area of Town: Southwest Austin
Zip Code: 78748
Distance to Downtown Austin: 24 minutes, 16 miles
Distance to Austin Airport: 22 minutes, 16 miles
School District: Austin ISD
Elementary School: Baranoff (8/10)
Middle School: Bailey (6/10)
High School: Akins (4/10) or Bowie (7/10)
Average Price: $487,554
Median Price: $481,367
Average Beds/Baths: 3/3
Average SqFt: 1,547
Median SqFt: 1,539
Average Lot Size (Acres): 0.123
Olympic Heights has long been known as one of the best value neighborhoods in Austin. Only about 20-25 minutes from downtown Austin and the airport, Olympic Heights is perfectly situated for someone who wants to be able to go downtown, but who also doesn’t need to live downtown. The neighborhood feels very suburban with moderately sized homes on manageable lots. Built from the early to late 2000s, trees have matured so residents enjoy privacy and shade.
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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Addison
Area of Town: Southeast Austin
Zip Code: 78744
Distance to Downtown Austin: 22 minutes, 10 miles
Distance to Austin Airport: 9 minutes, 5 miles
School District: Del Valle ISD
Elementary School: Hillcrest (3/10)
Middle School: Ojeda (3/10)
High School: Del Valle (3/10)
Average Price: $499,981
Median Price: $489,500
Average Beds/Baths: 3/3
Average SqFt: 1,883
Median SqFt: 1,852
Average Lot Size (Acres): 0.137
Located right across 183 from the airport, Addison is one of Southeast Austin most popular master planned communities. Homes were built in the last 5 or so years, with some new construction today. At build out there will be 550 homes on this 200 acre site and homes sit on 50′-60′ lots. Given the newness of the neighborhood and its proximity to downtown and the airport, it’s no wonder Addison is very popular.
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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Vistas of Austin
Area of Town: Southeast Austin
Zip Code: 78747
Distance to Downtown Austin: 23 minutes, 12 miles
Distance to Austin Airport: 18 minutes, 12 miles
School District: Austin ISD
Elementary School: Blazier (7/10)
Middle School: Paredes (3/10)
High School: Akins (4/10)
Average Price: $488,993
Median Price: $490,000
Average Beds/Baths: 3/3
Average SqFt: 1,924
Median SqFt: 2,013
Average Lot Size (Acres): 0.121
Developed on 158 acres in Southeast Austin, the Vistas of Austin are one of the areas newer and most popular communities. Built by Pacesetter Homes originally and now Milestone Homes, Vistas of Austin homes have different floor plans and exterior elevations, so they aren’t cookie cutter. The community has an amenity center with community pool and residents have access to Rinard Creek, a tributary of Onion Creek that runs along the backside of the property. To help preserve the nature surrounding the neighborhoods, the developers decided to keep 50 of the 158 acres as greenbelt, so you’ll have some space to get out and enjoy it.
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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Parkside at Slaughter Creek
Area of Town: Southeast Austin
Zip Code: 78747
Distance to Downtown Austin: 21 minutes, 10 miles
Distance to Austin Airport: 14 minutes, 11 miles
School District: Austin ISD
Elementary School: Blazier (7/10)
Middle School: Paredes (3/10)
High School: Akins (4/10)
Average Price: $508,150
Median Price: $503,500
Average Beds/Baths: 3/2
Average SqFt: 1,910
Median SqFt: 1,763
Average Lot Size (Acres): 0.143
Located right off 35, Parkside at Slaughter Creek is ideal for someone who needs to commute as the freeway is an easy on/off. The neighborhood was built in the mid-late 2000s, so it’s around the same age as the other neighborhoods on this list. It does, however, have larger homes, on average. Lots are around the same size so that means less for you to maintain. The HOA maintains a community park, hiking trails, green belt and playgrounds.
For more info and to search homes for sale, visit our Parkside at Slaughter Creek Neighborhood Guide.
Parkside at Slaughter Creek Neighborhood Map
Parkside at Slaughter Creek Homes for Sale
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Cloverleaf
Area of Town: Southeast Austin
Zip Code: 78747
Distance to Downtown Austin: 25 minutes, 15 miles
Distance to Austin Airport: 21 minutes, 16 miles
School District: Austin ISD
Elementary School: Blazier (7/10)
Middle School: Paredes (3/10)
High School: Akins (4/10)
Average Price: $485,004
Median Price: $505,385
Average Beds/Baths: 3/3
Average SqFt: 1,860
Median SqFt: 1,846
Average Lot Size (Acres): 0.164
One of the newer neighborhoods on this list, Cloverleaf was developed in the early 2020’s by Brohn Homes. Homes range from 1,320-2,595 square feet with 2-5 bedrooms and 2-2.5 bathrooms. Inside, you can expect a more modern finish out with wood look tile, granite or quartz counters, black or stainless appliances and painted cabinets. Cloverleaf is ideal for someone who wants newer construction around $500k.
For more info and to search homes for sale, visit our Cloverleaf Neighborhood Guide.
Cloverleaf Neighborhood Map
Cloverleaf Homes for Sale
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Median and average price are calculated from ACTRIS data from 11/16/2021-11/15/2022. School ratings are GreatSchools ratings as of June 2024.
Not Sure Which Austin Neighborhood is Best for You?
Our team of Austin neighborhood specialists can help. With some info about what type of neighborhood you envision yourself in, we can send you a list of neighborhoods that are the best fit. Simply send us an email at info@11OaksRealty.com, call us at (512) 827-8323 or fill out our Austin Neighborhood Finder to get started.
Buying a Home in Austin?
Check out our Austin Home Buyers section to learn more about our Austin Home Buyer Representation Program. We know Austin well and specialize in representing buyers. With a combined 60+ years of experience in residential real estate, there is virtually nothing we haven’t seen. When you’re ready to speak to an Austin Realtor, call us at (512) 827-8323, email us at info@11OaksRealty.com or fill out our Buyer Survey.
Austin Homes for Sale $500k or Less
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