Zillow recently released their predictions for the hottest housing markets of 2017 that included some interesting information about Austin real estate.
The main takeaway?
Keep your eye on East Austin!
The report announced Zillow’s top five Austin neighborhoods on track to see the highest growth in value this year, with four out of the five neighborhoods belonging to East Austin.
This information was shocking to some, but anticipated by most Austin real estate experts, who have been predicting that this area would be the next up-and-coming market.
What's most interesting about the location of these neighborhoods is that many lay on the outer edge of the region, suggesting that home buyers interested in moving to East Austin are more interested in affordable, suburban housing.
Looking for up-to-date advice on Austin's top neighborhoods? Contact JB Goodwin Realtors for unparalleled local real estate knowledge.
Without further ado, the top five hottest neighborhoods in Austin for 2017 are:
1. St. Johns
Located in Northeast Austin, St. Johns is an older neighborhood bordered by several major highways, making the commute to downtown Austin a breeze. This neighborhood's roots date back before the Civil War, though many of the homes you'll find were built between the 1960s and 1980s.
Residents in St. Johns are committed to the upkeep of the neighborhood and ensure that their homes and yards are well maintained. In fact, the neighborhood was accepted to join the "Keep Austin Beautiful" campaign. St. Johns real estate is typically 1,000 square feet of living space spanning throughout beautiful cottage style homes.
Prediction: St. Johns will make the largest jump in home values at 9.6 percent in 2017.
2. Johnson Terrace
Roughly 4 miles east of Downtown Austin, Johnson Terrace is located in East Austin and bordered by the East Boggy Creek Greenbelt. Construction in this neighborhood began in the late 1960s and 1970s, establishing a community of sturdy single-family homes.
Johnson Terrace real estate typically ranges between 1,100 to 1,500 square feet spread throughout three bedrooms.
Prediction: Johnson Terrace home values will increase by an astonishing 8.3 percent in 2017.
3. North Austin
With an excellent schooling system, easy commuting available, and abundance of employment centers, it's easy to see why this neighborhood is on the rise. Construction began in the late 1940s, but new neighborhoods are still popping up today. Discover well-established homes sitting along traditional streets, lined with trees and street lights along with renovation projects. This neighborhood is perfect for new home buyers looking to stretch their budget and create the home of their dreams.
The average North Austin home spans 2,200 square feet of interior living space, brick or stone exterior siding, as well as a covered entry way and patio.
This is the only neighborhood on Zillow's list outside of East Austin.
Prediction: North Austin real estate will increase in value by 6.6 percent in 2017.
Another up-and-coming East Austin neighborhood makes the list. McKinney is located 11 miles south of Downtown Austin and offers residents typical suburban living, with the convenience of nearby major highways and connector roads. Construction in this area began in 2006, making McKinney the youngest neighborhood on this list.
Home buyers looking to move to McKinney will discover three- or four-bedrooms with modern touches, curved archways, and over 1,900 square feet of open living space.
Prediction: McKinney home values are will increase by 6.6 percent in 2017.
5. Windsor Hills
The final neighborhood on the list is the Windsor Hills. This East Austin neighborhood is located 9 miles from Downtown Austin, just off Interstate 35. Windsor Hills real estate is dominantly made up of single-family homes that date back to the mid-1980s in the Rancher style.
Picture yourself in a classic suburban community with tall, shady trees lining the sidewalks, with quiet streets, a family-friendly vibe, and well-tended to homes and yards. Windsor Hills real estate is immensely popular as it's known for being convenient and affordable.
Prediction: Windsor Hills home values will increase by 6.5 percent in 2017.
If you want more information on homes in one of Austin's hottest neighborhoods, talk to our team at JB Goodwin REALTORS® today!