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Which Austin Neighborhoods Near Downtown Offer Homes for Under $400K?

If your home buying budget is capped at around $400K, you need to know where you can look for a home in Austin. Maybe you want to be close to downtown, so the suburbs really aren't a true option, unless they are close enough.

There are some great options for homes selling under $400K in Austin. Here's a look at some of the best neighborhoods near downtown with homes under $400K.


Just 3.1 miles from downtown Austin, you could almost walk downtown from Dawson. While the average home price in this neighborhood comes in at $533K, there were 16 homes selling for under $410K recently. In Dawson, your budget will, on average, allow you to buy a home with:

  • 1,103 square feet
  • 3 bedrooms, 1 bathroom
  • Built in 1961

The neighborhood is served by the Austin ISD.


Even closer to downtown Austin, Govalle is just 2.8 miles from the city. The average home sells for under $400K at $398K. A total of 56 homes were sold for under $410K here. If your budget is $400K, you will be able to buy a home in Govalle with:

  • 1,054 square feet
  • 2 bedrooms and 2 bathrooms
  • Built in 1975

The neighborhood is served by the Austin ISD.

McKinley Heights

Found 2.9 miles from downtown Austin, McKinley Heights has an average home price under $400K. The average home sells for $357K and will come with about 971 square feet. This neighborhood is served by the Austin ISD.

Santa Monica Park

Found a bit further from downtown, Santa Monica Park is 5.4 miles away from the downtown area of Austin. The average home sells for about $368K, which includes more than 1,500 square feet, three bedrooms and two bathrooms. This neighborhood provides a bit more value for your money compared to some of the others on the list. It's served by the Austin ISD.

Bouldin Creek

The neighborhood closest to downtown Austin on the list, Boudlin Creek is just 1.7 miles away. The average home price here is much higher than $400K, but seven homes did sell for under $410K recently. The average home for $400K or less will have 818 square feet with two bedrooms and one bathroom. This neighborhood is served by the Austin ISD.

Driving Park

Found 2.7 miles from downtown Austin, Driving Park has an average home price of $477K. However, many homes here sold for less than $400K. This type of home budget in Driving Park will get you a home with about 1,000 square feet, two bedrooms and two bathrooms. This neighborhood is served by the Austin ISD.

Other neighborhoods close to downtown Austin with homes under $400K include:

While not all of these neighborhoods will have a sales price averaging less than $400K, they all have had sales lower than $400K recently. If you're looking to live near the downtown area and you're budget only allows you to spend $400K or less, start by looking in these top Austin neighborhoods.

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