Austin - Central Homes under $500,000

Austin - Central Homes under $500,000

Welcome to Central Austin, a vibrant and eclectic hub nestled in the heart of Texas. Known for its lively music scene, rich cultural heritage, and stunning natural landscapes, this dynamic region offers a unique blend of urban sophistication and laid-back charm. With its diverse neighborhoods, Central Austin is a place where creativity thrives and community spirit flourishes.

For homebuyers seeking opportunities in this bustling area, you'll be delighted to discover that there are fantastic homes available for under $500,000. Whether you're a first-time buyer, a young professional, or looking to downsize, Central Austin has something to offer everyone. From charming bungalows to contemporary condos, the housing options are as diverse as the residents themselves.

Imagine living just minutes away from iconic landmarks like the Texas State Capitol, Lady Bird Lake, and the renowned South Congress Avenue, where you can indulge in local eateries, boutique shopping, and vibrant nightlife. The area is also home to some of the best parks and outdoor spaces, perfect for hiking, biking, or simply enjoying a sunny Texas day.

Central Austin's strong sense of community is reflected in its local events, farmers' markets, and festivals that celebrate the city's unique culture. With a growing job market, excellent schools, and a welcoming atmosphere, it's no wonder that Central Austin is one of the most sought-after places to live in Texas.

Explore the possibilities of owning your dream home in Central Austin today, where affordability meets a lifestyle filled with excitement and opportunity!

Newest Austin - Central Homes under $500,000

204 E 30th St Unit 102, Austin
$200,000
1 Beds ⋅ 1 Baths ⋅ 7116092 MLS
Rare Opportunity! remodeled first floor unit at the 30th Street Condos ~ UT Campus just steps away

204 E 30th St Unit 102, Austin
1010 W 23rd St Unit 5, Austin
$195,000
1 Beds ⋅ 1 Baths ⋅ 3863154 MLS
Discover an excellent investment opportunity in Austin's vibrant West Campus neighborhood! This updated, first-floor, 1-bedroom, 1-bathroom condominium offers 452 square feet of thoughtfully designed living space just minutes from the University of Texas. Inside, you'll find an updated kitchen, vinyl flooring, and an in-unit washer and dryer. A private brick patio provides a welcoming outdoor retreat—a rare bonus in this sought-after location. Enjoy convenient access to UT Austin, local restaurants, coffee shops, shopping, and entertainment. Whether you're expanding your investment portfolio or planning for future personal use, this property offers an attractive opportunity in one of Austin's most recognizable neighborhoods. Currently tenant-occupied with a lease in place through July 31, 2027.

1010 W 23rd St Unit 5, Austin
3524 Gonzales St Unit 1B, Austin
$270,200
4 Beds ⋅ 4 Baths ⋅ 3164166 MLS
Stunning modern 3-story home offering 4 bedrooms, a flex space, 3 full baths, and 1 half bath—thoughtfully designed for both comfort and style. The open-concept layout flows seamlessly into the living area, highlighted by beautiful windows that fill the home with natural light. Enjoy contemporary finishes, sleek modern appliances, and a sophisticated design throughout. The versatile floor plan includes a private bedroom on the first floor—ideal for guests, a home office, or multigenerational living. Step out onto the balcony for fresh air, or relax in the small, low-maintenance yard. A one-car garage adds convenience and additional storage. This home is part of the City of Austin Affordable Housing Program and is available to income-qualified buyers earning no more than 65% of the Median Family Income (MFI). Don’t miss this rare opportunity to own a modern, thoughtfully designed home at an attainable price.

3524 Gonzales St Unit 1B, Austin
601 Nelray Blvd Unit 17, Austin
$149,500
1 Beds ⋅ 1 Baths ⋅ 3383186 MLS
1-Bedroom, 1-Bath Modern Loft Retreat Near Downtown Austin This stylish 1-bedroom, 1-bath vacation rental blends modern comfort with Austin’s signature urban energy, offering a cozy retreat just minutes from the heart of downtown. Thoughtfully designed with an open layout, the home features warm natural light, clean contemporary finishes, and a welcoming atmosphere perfect for weekend getaways, business travel, or extended stays. The main level includes a comfortable living area and a well-appointed kitchen, giving guests everything they need to relax, cook, or entertain. The private bedroom offers a peaceful place to unwind, while the full bath is finished with fresh, modern touches. What makes this property truly stand out is the second-story loft—a versatile space ideal for lounging, working, or enjoying an elevated view of the home. It adds an extra layer of charm and functionality, making the rental feel larger and more dynamic than a typical one-bedroom.  Ideally located near the university, Medical Center, and major tech employers, this home offers the perfect combination of style, convenience, and location. Don't miss this exceptional opportunity!

601 Nelray Blvd Unit 17, Austin
1615 E 7th St Unit 202, Austin
$385,000
1 Beds ⋅ 1 Baths ⋅ 1546072 MLS
If you've been looking for a place that puts you right in the middle of East Austin, this is it. Located on East 7th Street, this modern 1-bedroom, 1-bath condo delivers the kind of walkable, urban lifestyle that makes this neighborhood one of Austin's most sought-after spots. Coffee shops, restaurants, cocktail bars, live music, and neighborhood favorites are all part of the everyday experience here, with downtown Austin, the Rainey Street District, and the East 6th Street scene just minutes away. Inside, an open-concept layout keeps things bright and functional, with wood flooring, oversized windows, and a sleek kitchen featuring dark cabinetry, quartz countertops, stainless steel appliances, and an island with room to gather. The living area opens to a private balcony overlooking the neighborhood, giving you a little outdoor space to enjoy the energy of East Austin. The bedroom offers a walk-in closet, while the bathroom goes beyond what you'd expect in a one-bedroom condo with dual sinks, a separate soaking tub, and a spacious glass-enclosed shower. Step outside and you're surrounded by some of Austin's best local spots, including Suerte, Lazarus Brewing, Whisler's, and the restaurants and nightlife along East 6th and East 7th. Lady Bird Lake, the hike-and-bike trail, and downtown are all close by, making it easy to trade your car keys for a walk or bike ride. Modern interiors, a private balcony, and an address that puts the best of East Austin at your doorstep. This is city living done right.

1615 E 7th St Unit 202, Austin
2529 Rio Grande St Unit 72, Austin
$350,000
2 Beds ⋅ 2 Baths ⋅ 9234739 MLS
**Prime West Campus Location with an Exceptional Parking Advantage!** Discover the perfect blend of comfort, convenience, and opportunity in this spacious, single-story condo ideally situated in the heart of West Campus! Just moments from the University of Texas, downtown Austin, and an incredible variety of dining, shopping, and entertainment options, this location puts the best of Austin right at your fingertips. Step inside to an inviting living room filled with natural light, featuring a charming wood-burning fireplace and built-in bookcases. The generously sized dining area offers plenty of room for a large table, making it ideal for entertaining. The well-appointed kitchen features sleek quartz countertops, rich wood cabinetry, stainless steel appliances, and a convenient stackable washer and dryer. Thoughtfully designed with privacy in mind, the split-bedroom floor plan features two spacious bedrooms positioned on opposite sides of the home, each with its own bathroom. The primary suite offers an expansive vanity with abundant counter space and a large walk-in closet. The secondary bedroom is equally impressive, featuring a beautiful bay window, & a generous walk-in closet. Residents also enjoy access to community amenities, including a refreshing in-ground swimming pool and covered parking. **What truly sets this property apart? FOUR reserved, covered parking spaces!** A rare and highly desirable find in West Campus, all four spaces are conveniently located in the parking garage near the unit's rear entrance, making unloading groceries a breeze. Even better, three of the four spaces are currently leased through summer 2027, offering the next owner an opportunity for additional rental income! Whether you're looking for a conveniently located residence, a home for your UT student, or an investment opportunity, this property delivers an exceptional combination of location & livability that's hard to find in West Campus!

2529 Rio Grande St Unit 72, Austin
2204 E 13th St Unit B, Austin
$500,000
2 Beds ⋅ 2 Baths ⋅ 1513582 MLS
Discover stylish urban living in this beautifully designed two-bedroom residence, featuring upscale finishes and thoughtful details throughout. Tucked away from the street with convenient rear alley access. The open-concept main level features contemporary concrete flooring and a spacious island kitchen equipped with a gas range and stainless steel appliances. Enjoy your own private fenced yard, an attached two-car garage, and an expansive rooftop terrace showcasing views of downtown, perfect for relaxing or entertaining. Ideally located just minutes from downtown, the University of Texas, and the State Capitol, this home offers modern comfort, exceptional outdoor spaces, and convenient access to everything the city has to offer.

2204 E 13th St Unit B, Austin
2907 Pearl St Unit 102, Austin
$259,900
2 Beds ⋅ 2 Baths ⋅ 1746029 MLS
This 2/2 condo is located in a small, quiet complex close to UT and the Seton medical complex making it perfect for students or professionals. Great floor plan with hard tile and/or laminate flooring throughout. Small private fenced yard. Washer/Dryer in unit. Two reserved parking spaces. Reasonable HOA dues includes water fees! Units in this complex don't sell often -- Don't miss this great opportunity! (NOTE: Some apps show the wrong address! 2907 Pearl is mid-block between 29th & 30th Streets.)

2907 Pearl St Unit 102, Austin
3000 Guadalupe St Unit 305, Austin
$149,000
1 Beds ⋅ 1 Baths ⋅ 1525684 MLS
Rare opportunity to acquire an income-producing condominium directly across from The University of Texas in the heart of West Campus. Located in the highly desirable Three Thousand Guadalupe Place community, this 1-bedroom, 1-bath residence offers 397 square feet of efficient living space designed for strong rental appeal and minimal maintenance. The unit features recent vinyl plank flooring, fresh neutral finishes, a functional open-concept layout, abundant storage, built-in study/workspace, and assigned parking. The efficient floor plan maximizes usability while offering the walkability and convenience sought by students, faculty, and young professionals. Positioned just steps from UT Austin, The Drag, restaurants, coffee shops, retail, and public transportation, this location consistently attracts tenant demand. The property's proximity to campus creates a compelling investment opportunity for landlords, parents seeking student housing, or buyers looking to capitalize on one of Austin's most established rental markets. Low-maintenance ownership, strong rental fundamentals, and an unbeatable campus-adjacent location make this a compelling addition to any investment portfolio.

3000 Guadalupe St Unit 305, Austin
4205 Speedway Ave Unit 201, Austin
$191,600
1 Beds ⋅ 1 Baths ⋅ 9017080 MLS
** Seller is offering as low as 3.99% interest rate to primary buyers** Welcome home to your own Hyde Park hideaway a bright and charming 1-bedroom condo nestled in one of Austins most beloved historic neighborhoods.This is more than just a place to live its a lifestyle. Imagine morning walks under the shade of century-old oak trees, coffee runs to Quacks Bakery, and a quick bike ride to the UT campus. Youre close enough to the action, yet surrounded by the peaceful rhythm that makes Hyde Park so special.Inside, natural light fills the living area, creating a warm and inviting atmosphere from the moment you step in. The open layout gives you space to relax, study, or entertain. The bedroom is spacious and serene your own retreat after a long day.This home has great bones and endless potential. Update the kitchen, refresh the bathroom, or simply enjoy it as it is the choice is yours.Airbnb-friendly and perfectly located, this condo makes a smart investment for first-time buyers, UT students, or anyone wanting a low-maintenance Austin lifestyle. Youll love being minutes from North Loops eclectic shops, downtown Austins buzz, and outdoor favorites like Shipe Park and the Elisabet Ney Museum.Whether youre building your portfolio, starting fresh, or finding your first Austin home, this is your chance to own a piece of Hyde Park charm

4205 Speedway Ave Unit 201, Austin
2633 W 45th St, Austin
$485,000
2 Beds ⋅ 1 Baths ⋅ 5272908 MLS
In the heart of Rosedale, one of Austin’s most established neighborhoods, this single-story home keeps good food, green space and the rest of the city within easy reach. Walk over to The Grove for dinner, pick up a few things at its neighborhood market, or take a stroll through the park. Ramsey Park and the local spots along Burnet Road add more options nearby, while UT and downtown are only minutes away. Inside, the two-bedroom, one-bath layout feels comfortable and straightforward. Wood floors run through the living and dining areas, and glass doors open from the living room to the backyard. The dining area has its own place between the living room and kitchen, so meals can happen at the table while conversation carries through the house. In the kitchen, plenty of cabinets, gas cooking and a long stretch of counter space handle the practical side of things. A short hall leads to the two bedrooms, giving you the option to use one for guests or a dedicated office. Out back, mature trees shade a generous fenced yard and patio. For someone looking to make a home in Central Austin, the appeal is easy to picture: a yard of your own and a neighborhood that gives you plenty to do close by. For an investor, that same access to The Grove, UT and downtown gives the property a compelling rental story. Whether you live here or lease it out, the draw is the same: Rosedale walkability outside your door and the rest of Austin close behind. Buyer to verify all info.

2633 W 45th St, Austin
2900 Webberville Rd, Austin
$399,999
3 Beds ⋅ 1 Baths ⋅ 2307904 MLS
Some properties are about the house. This one is about what you can build. Located along Webberville Road in the heart of rapidly evolving East Austin, 2900 Webberville Rd is a rare redevelopment opportunity surrounded by proof of the area’s transformation. The existing structure is a teardown and will be sold as-is; the interior will not be shown. Under current City of Austin regulations, the property may allow for up to three homes, subject to zoning, setbacks, lot configuration, utilities, and buyer verification. The potential is easy to envision—just look across the street and next door, where investors have already transformed older properties into modern homes, multifamily projects, and new residential communities. With Downtown Austin and the University of Texas nearby, this location puts you in the middle of one of Austin’s most active infill and redevelopment areas, with the downtown skyline visible from the property. The existing house may be at the end of its story, but the land is just beginning a new one. Highlights: * East Austin location on Webberville Rd * Teardown/redevelopment opportunity * Potential for up to 3 homes, subject to City approval and buyer verification * Surrounded by new construction and multifamily development * Close to Downtown Austin and UT * Excellent opportunity for builders, investors, or developers * Interior of existing structure will not be shown Buyer to independently verify all zoning, development potential, setbacks, utilities, and applicable City of Austin requirements.

2900 Webberville Rd, Austin
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