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Market District

Market District

Suburban Neighborhood in Austin, Texas

Travis County 78701, 78703

$979,587 Average Value
$824 Average Price per Sq Ft
37 Homes For Sale

Enjoying the best of ATX

With the instafamous ATX sign and the ultra pink Taquero Mucho, the Market District packs a lot inside its eight-block radius. In the heart of Downtown Austin, the small, dense neighborhood contains stunning skyscrapers and apartment buildings. “There’s really a lot of great residential options like Spring Condos,” says Denise Bodman, a Realtor at Prospect Real Estate who has been selling in the area for over a decade. Here, residents can easily walk, or snag an e-scooter, to visit nearby galleries, art museums, bars and parks. They have access to a variety of cuisines; everything from food trucks to five-star restaurants.

The ATX sign serves as great a selfie opportunity in the Market District neighborhood.
The ATX sign serves as great a selfie opportunity in the Market District neighborhood.
Architectural wonders impress visitors in the Market District.
Architectural wonders impress visitors in the Market District.
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A night out on West Sixth Street

West Sixth Street has become Downtown’s most popular spot for dining, shopping and nightlife. Staples like Bookpeople and Waterloo Records and Videos have been around since the 70s and 80s. Little Woodrow's and Austin cult classic, The Grove Winebar and Kitchen, have locations here. When the sun sets, nightclubs like Mayfair become the hottest place to be. For a cozy night in, residents of this neighborhood live within walking distance of a Trader Joes and Whole Foods Market — the location at Sixth Street and North Lamar Boulevard was the first store the chain opened in 1980, so it’s practically a historic landmark. “You can’t go wrong with walking around Whole Foods and visiting the shops within there,” says Bodman.

BookPeople, a cultural hub, awaits you in the heart of the Market District.
BookPeople, a cultural hub, awaits you in the heart of the Market District.
Market District's bars and restaurants exude a vibrant nightlife vibe.
Market District's bars and restaurants exude a vibrant nightlife vibe.
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Residential skyscrapers and apartment buildings

The neighborhood consists of high-rise condo and apartment buildings. Some are very recognizable, like The Independent. It’s a 58-story tower that resembles a game of Jenga. Homes here offer panoramic views, concierges, fitness centers and pools. A 1-bedroom, 1-bathroom at Spring Condos will start just under $500,000. At Fifth and West Residences, a 3-bedroom, 3-bathroom will go for around $2,500,000.

The Independent is one of the tallest towers in the Market District.
The Independent is one of the tallest towers in the Market District.
Live in style at The Market District Condos, where urban luxury meets convenience.
Live in style at The Market District Condos, where urban luxury meets convenience.
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A prime location for SXSW

The biggest event of the year for the Market District is South by Southwest, a world-renowned film, tech, and music festival. While shows, screenings, and presentations are planned all around the city, the Market District serves one of its prime locations, especially for some of the bigger speakers for the tech portion of the festival. In May and September, the Pecan Street Festival is a free two-day arts festival on the Sixth Street Historic District.

Kayaking in Lady Bird Lake

Shoal Creek Trail is a 4-mile path that winds through downtown Austin. The bottom portion of the trail, a section that cuts directly through the Market District, was recently repaired and upgraded. It's designed to provide a quiet respite from the congested streets of Downtown. The path leads residents directly to Lady Bird Lake where locals enjoy jogging, biking, kayaking and stand up paddle-boarding.

Market District residents can enjoy kayaking at Lady Bird Lake for a refreshing adventure.
Market District residents can enjoy kayaking at Lady Bird Lake for a refreshing adventure.
Shoal Creek Trail offers scenic walks and outdoor activities.
Shoal Creek Trail offers scenic walks and outdoor activities.
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Discover scenic walking trails weaving through the Market District.
Discover scenic walking trails weaving through the Market District.

Avoiding traffic by walking to work

The Market District may appeal to professionals who would like to walk to work to avoid driving on Austin's traffic-clogged roads. As the number of tech startups and residential high-rises have increased across the city, many residents avoid driving Downtown because of how dense and crowded the city has become. Market District residents, though, have an advantage because they live in the middle of the action in a very walkable location.

Highly-rated established schools

As part of the Austin Independent School District, the closest neighborhood schools are Matthews Elementary, O. Henry Middle and Austin High. Located along Lady Bird Lake, the high school is the oldest continuously operating public high school in Texas. All three schools earn an A-minus or higher rating on Niche.

O Henry Middle School is a public institution located in Westfield, Austin, TX.
O Henry Middle School is a public institution located in Westfield, Austin, TX.
Mazilla, the school's unofficial mascot is in front of the Mathews Elementary School.
Mazilla, the school's unofficial mascot is in front of the Mathews Elementary School.
Austin High School, a historic and prestigious public high school in Austin, Texas.
Austin High School, a historic and prestigious public high school in Austin, Texas.
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Joyelle Ronan
Written By
Joyelle Ronan
Saeid Zare
Photography Contributed By
Saeid Zare

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Katherine Wright, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Austin-Bergstrom International

23 min drive

Bus

5th & West

Bus

5th & Bowie

Bus

5th & Nueces

Crime and Safety

1 - Low Crime, 10 - High Crime Market District US
Homicide 3 4
Sexual Assault 4 4
Assault with Weapon 3 4
Robbery 6 4
Burglary 10 4
Motor Vehicle Theft 10 4
Larceny 10 4
Crime Score 8 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$815,000
Median Single Family Price
$1,319,250
Median Townhouse Price
$1,145,000
Median 2 Bedroom Price
$999,000
Median 1 Bedroom Price
$498,000
Average Price Per Sq Ft
$824
Number of Homes for Sale
37
Last 12 months Home Sales
41
Months of Supply
10.80
Median List Price
$826,725
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
-1%

Home Facts

Number of Homes in Neighborhood
1,012
Median Year Built
2008
Avg. Single Family Home Size Sq Ft
1,338
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
1,704
Average 2 Bedroom Size Sq Ft
1,272
Average 1 Bedroom Size Sq Ft
784
Median Lot Size Sq Ft
6,969

Open Houses

  • Saturday, Apr 26
    12 - 2pm

    300 Bowie St Unit 1003, Austin, TX 78703

    $689,000

    • 2 Beds
    • 2 Baths
    • 983 Sq Ft
    • 300 Bowie St
    • Unit 1003

    OWNER HAS A STORAGE CAGE ON P2 THAT IS OPTIONAL TO PURCHASE FOR AN ADDITIONAL COST. Discover modern living in the heart of downtown Austin with this stunning 2-bedroom, 2-bathroom condo at Spring Condos. Location is key, and Spring is in the heart of Austin’s dynamic urban core. The energetic pulse of downtown is at your doorstep, with Lady Bird Lake’s scenic hike-and-bike trail offering a

    Katherine Stinson Douglas Elliman Real Estate

    Section Image

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Interested in learning more about homes in this area? Reach out to Katherine Wright, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
3,235
Median Age
40
Population Density
73 ppl/acre
Population under 18
10.6%
Below the national average
23.8%
Population over 65
12.1%
Below the national average
19.1%

Finances

Median Household Income
$158,185
Significantly above the national average
$71,702
Average Household Income
$174,942

Education and Workforce

High School Graduates
100%
College Graduates
90.3%
Significantly above the national average
34.1%
Advanced Degrees
30.6%
% Population in Labor Force
85.7%
Above the national average
65.1%

Weather

Annual Precipitation
37''
Average Winter Low Temperature
42°F
Average Summer High Temperature
97°F
Annual Snowfall
0''

Area Factors

Very Bikeable

Bike Score®

88 / 100

Walker's Paradise

Walk Score®

97 / 100

Good Transit

Transit Score®

67 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Market District