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Best Austin Neighborhoods: Downtown Austin Guide

If you want to be at the center of it all, there is no better place to live than downtown Austin. The trendy, tech-savvy heart of the city is where many of its residents work and play. From CEOs and entrepreneurs to foodies and live music lovers, everyone will find something that speaks to them downtown.

Whether you want to cut down on your work commute, live your best life in a high-end condo with gorgeous views of Lady Bird Lake, or be close to the best restaurants, bars, and music venues (or all three!)—downtown is the place to be.

In this Downtown Austin neighborhood guide, we’ll show you why people love living in the heart of the capital city.

Zip Code

 

78701

Average Price/SqFt*

 

$816

Home Styles

High-rise, High-end Condominiums and Apartments

Average Home Price*

 

$1.06 M

Est Off-Market Transactions

52%

*Based on 2022 Sold data for Downtown Austin.

Texas is a non-disclosure state. This means that the sales price of real property is not recorded and made available through the public record. The majority of properties are sold as off-market transactions. These transactions also often include an NDA to protect both the buyer and seller. The financial details of these transactions are not public record and are not reflected in ABoR’s MLS data.

Downtown Austin Real Estate

Before you start looking for your new home in Downtown Austin, here’s everything you should know about the neighborhood and its real estate.

Neighborhood Ambiance

Two women running around downtown

Some downtown areas of major cities have a less personal vibe because most of the buildings are businesses and corporate offices. But downtown Austin is different. People don’t just come downtown to work. People actually enjoy living here, making it more friendly and inviting than your average downtown area.

 

The downtown Austin neighborhood is lively and busy. With so much to do and see, there is never a dull moment when you live in the heart of the capital city. Not only does it hold some of the best restaurants in town, but it also hosts some of Austin’s most iconic music venues. It’s also close to many of the beautiful green spaces in the city. All of this makes it a great space for people who live an active lifestyle.

Architectural Styles

The view of the Downtown Austin from the balcony of 200 Congress Avenue

Downtown is home to high-rises with high-end condos and apartments. Think iconic residential skyscrapers with the amenities to match.

 

Single-family homes are the outlier in downtown Austin with residents trading backyards and long commutes for luxury amenities and closer proximity to work and play. Some of the most notable residential buildings in the area are The Austonian, The Independent, The Proper, and The W.

Average Home Price

The average home closing price in downtown Austin is $1,054,959 or an average of $815 per square foot.

Walkability

It probably comes as no surprise that downtown Austin is the most walkable neighborhood in the city. With a Walk Score of 92 (out of 100), the downtown area is often filled with people walking to and from work, home, shops, restaurants, gyms, museums, and more.

Schools

Downtown Austin is zoned for schools in the Austin Independent School DIstrict. These include Lee, Bryker Woods, Matthews, and Pease elementary schools as well as Kealing Middle, O Henry Middle, McCallum High, and Austin High School. The University of Texas at Austin High School is another public school that’s available to students in the area.

 

Downtown Austin also hosts highly-rated private and charter schools, including The Austin School for the Performing and Visual Arts, Cathedral School of Saint Mary, Headwaters School, and Austin International Academy.

Featured Property in the Neighborhood

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