May 27, 2016 at 1:06pm | Denise Bodman

Last week, we told you a little bit about 3 popular Austin neighborhoods that were fast growing and filled with exciting investment opportunities. The good news is that this was only the half of it! With 110 people move here every day, Austin has become a beacon for expanding tech companies, competitive schools, and growing real estate. As a potential real estate investor, here are another three Austin neighborhoods that would make a great investment.

West Lake Hills

Lying just west of Tarrytown, West Lake Hills is one of the most luxurious and naturally beautiful areas of Austin. With its many stunning homes cascading down the landscape, it has come to epitomize what many people think of when they hear “Texas Hill Country.” The neighborhood grew up in the 70s and 80s on some of Austin’s most exclusive plots on land at the time. Since then, it has become a wonderful place to raise a family to fit both the urban and suburban lifestyle, even earning a spot in Sperling’s Most Secure Places to Live in the US. The hills surrounding reach the shores of Lake Austin, while other popular outdoor spots are just minutes away, such as Barton Creek, Red Bud Isle, and the Greenbelt. However, being only a 5-minute drive to downtown Austin, these fun outdoor hangouts have not stopped residents from also enjoying 6th Street nightlife, live music, and hundreds of delicious restaurants and food trucks. The area designated as West Lake Hills actually expands to much of west Austin, but every home included is just as beautiful and charming as the last.

Hyde Park

Lovingly referred to “Austin’s Original Suburb,” Hyde Park is perhaps the city’s first suburban neighborhood, dating all the back to 1891. Back when it was first created, it was a sort of rural suburb, staying close but socially separate from the bustling city. Now, it is home to an eclectic collection of people, all living in charming homes surrounded by quaint coffee shops and fantastic restaurants. It has a youthful appeal that caters to young families, older UT students, and elderly couples that have been there for ages. But despite its unfocused appeal, it’s one of the hottest spots to live in Austin. From 2001-2007, the median home price rose by over $200,000. It even recovered from the market crash to climb its median home price all the way up to $350,000, with some homes selling for as much as $1.5 million! As time goes on, the investment opportunities of this quaint neighborhood filled with character and color continue to grow in popularity.

Avery Ranch

If you’re an Austin home invest and were considering something a little further north, try Avery Ranch, just 20 miles outside of downtown. Perfect for large families, young professionals, and empty nesters, this area exudes a community atmosphere. Located directly in the middle of the award-winning Leander and Round Rock ISDs and surrounded by grocery stores, restaurants, and shopping centers, it’s a neighborhood that puts family first. Avery Ranch has 4,000 homes, ranging from $170,000 to $800,000 making it one of the most diverse regions in Texas for real estate listings. It has tennis courts, religious fellowships, a 60-acre lake, and the very popular 18-hole Avery Ranch Golf Course. This neighborhood is also a great location for the rapid economic growth from transitioning companies. Companies like Texas Instruments, Time Warner, Dell Computer, and IBM have all made the move to the area, bringing many employees with them. And with the rising tech industry here in Austin that continues to grow each day, who knows what other companies will join them.

For more information on investing in real estate in Austin, give us a call! 512-829-0637
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