Hip and Trendy 78702

As average housing costs continue to rise in Austin, growth is being pushed out of central Austin and into the suburbs.  For those Austinites who want the walkability and convenience of downtown but cannot afford a high rise condo, 78702 might be the neighborhood for you.

The past 10 years have shown a steady increase in average sales price, beginning at $225,000 in 2008 and rising up to $446,000 in 2018. What is driving that growth?  New development.  In the past 5 years East Austin has seen a redevelopment of Cesar Chavez, 6^th, 7^th and 11^th streets, which are the main thoroughfares in the area.  78702 has seen a boom of new apartments, condos, restaurants, breweries, shopping and remodeled/brand new modern housing.  In 2017 there were 700 active listings and 517 homes sold, compared to 420 active listings and 313 homes sold in 2013.

One of the largest developments to hit the east side is Plaza Saltillo, a mixed-use transit oriented development stretching from 1-35 to Comal. Plaza Saltillo will be 10 acres with 800 apartments (15% of which will be reserved for affordable housing), 110,000 sq. ft of retail space, 140,000 sq. ft of office space and 1.4 acres of open space and public art.  It will also feature on of the regions most diverse mobility infrastructure programs with the main goal to increase bus and rail ridership.