Editor's note: Most of these homes have pending offers since the publishing of this story, proving just how competitive the current Austin market is.
Austin homes are selling like hotcakes, and with record-breaking sales in 2015, it’s nearly impossible to find affordable real estate in the city. We set out to find affordable, move-in ready homes to prove that there are still some inexpensive options left in Austin.
What we found was that unless you’re shopping for condos, it’s extremely difficult to find any housing under $250,000 in Central Austin. While affordable options are limited, they do still exist. After talking with several real estate agents in the city, it seems that most homes priced around $200,000 or less are sold in a matter of days, making the house hunt even more competitive.
“The Austin market has heated up considerably over the last several years. Sometimes it’s challenging to find your dream home under $225,000. Just ask most buyers out looking for homes,” says Amy Whitston, agent with Reilly Realtors. “Rest assured. There are clients of all price points and there’s a house for everyone.”
Here are our five favorite affordable homes available in the Austin area.
1405 Tuffit Ln.
This North Austin move-in-ready home is located in the Copperfield neighborhood and is on the market for $165,000 with Re/Max Capital City. At 900 square feet, with two bedrooms and one bath, it’s a smaller home with hard tile floors, carpeted bedrooms, and updated paint and roof.
6016 Speyside Dr.
This beautiful two-story home located in the peaceful Harris Branch community of Northeast Austin is three bedrooms and two-and-a-half baths. With 1,875 square feet and a sizeable front yard and backyard, the two-story abode was made for entertaining. Other features include stone floors in the kitchen and bamboo flooring in the master bath. The house is listed with Jeremy Barta of Rose & Associates for $192,000.
6203 Stiles Cove
One of the most central locations on our list, this home is a two-bed, two-bath on a quiet cul-de-sac on Austin’s east side. There’s a converted garage that can be made into an office or game room, fresh paint throughout the house, and an open floor plan. Listed with Nanette Labastida of The Gill Agency, 6203 Stiles Cove is on the market for $199,000.
5765 Palo Blanco Ln.
Located in Southeast Austin 15 minutes from downtow, this property recently had $37,000 of updates, including a new roof and flooring. The main house is two bedrooms, one bathroom with an adjacent one-bed, one-bath rental. The units share the backyard and an enclosed sunroom. This home is listed with Re/Max Capital City for $175,000.
20324 Farm Pond Ln.
Just outside the Austin area, this 2,259-square-foot Pflugerville home is a steal. Built in 2003, the house boasts three bedrooms and three bathrooms in its two stories. With a spacious backyard and large bedrooms, living in the suburbs never felt so good. This property is listed with agent Amy Whitston of Reilly Realtors for $219,000.