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Rainey Street Historic District

Rainey Street Historic District

Suburban Neighborhood in Austin, Texas

Travis County 78701

$857,872 Average Value
$815 Average Price per Sq Ft
117 Homes For Sale

Downtown Austin neighborhood known for nightlife

Along with the bustle of 6th Street, the Rainey Street Historic District is one of Austin's principal entertainment districts. Among its gallery of tiny cottages retrofitted as bars and hip eateries, Rainey Street is packed any given night with nine-to-fivers sipping craft beer, playing cornhole, munching on street food and listening to live music. Although it is listed on the National Register of Historic Places, few would agree that the attraction to Rainey Street is historical. And as the area further develops, the boozy debauchery in this festive pocket neighborhood is changing alongside the rest of Austin's fast-rising downtown. “They’ve been building up all these high-rise condos and making it a place where people can actually live,” says Chloe Hardesty, a Realtor with Keller Williams Realty. “There’s still some nightlife, but there’s upscale restaurants and other amenities, too. It’s got all the benefits of being downtown, except it’s becoming a place where families can be as well.”

A wealth of amenities and activities are available to Rainey Street Historic District residents.
A wealth of amenities and activities are available to Rainey Street Historic District residents.
Relax at The Perch ATX cafe with a patio view overlooking the serene waters of Colorado River.
Relax at The Perch ATX cafe with a patio view overlooking the serene waters of Colorado River.
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Food Truck Alley and cucumber margaritas from Lucille

The centerpiece of the Rainey Street Historic District is its trail of saloon-like bars and restaurants lodged within Craftsman cottages and bungalows. At one point, these structures were homes in what was originally a working-class Hispanic barrio. The bungalows and cottages are responsible for the neighborhood’s spot on the National Register of Historic Places, although many residents at the time disapproved of the designation. Today, very few of the remaining single-family homes serve as private residences. The vast majority have been repurposed into cocktail bars like the Half Step or Lucille, known for their jalapeno "cucumberita." However, a night on the town is not complete without a belly full of street food from Food Truck Alley, where vendors stay open late to serve tacos, arepas, shawarma and other international foods to crowds of hungry bar hoppers. Little Lucy's satisfies a late-night sweet tooth with unusual flavors of mini donuts. Amid the party, elegant experimental restaurants like Emmer & Rye also find a home. For nights in, residents have a Royal Blue Grocery in the neighborhood for quick grab-and-go items or a Whole Foods Market on 5th Street, across Interstate 35.

Enjoy a drink at one of Rainy Street's vibrant bars.
Enjoy a drink at one of Rainy Street's vibrant bars.
Food trucks in Rainey Street District offer tasty bites.
Food trucks in Rainey Street District offer tasty bites.
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Karaoke at Augustine and Mexican cultural events

Rainey Street has an unyielding schedule of live events. Local musicians play at outdoor music venues like Banger’s Sausage House and Beer Garden every weekend. Across the street at Augustine, Sunday karaoke attracts those brave enough to face a crowd prepared to 86 anyone. Thanks to the Emma S. Barrientos Mexican American Cultural Center, family-friendly events occur in the neighborhood, too, including celebrations for Mexican holidays like Día de los Muertos and Mexican Independence Day. But no time on Rainey Street compares to the fanfare of SXSW – Austin's premier film and music festival. Each evening upon leaving the nearby Austin Convention Center, droves of attendees descend upon Rainey Street in the evening to discuss what new movies they saw or musicians they heard perform.

Riverside parks and future trail connections with the Waterloo Greenway

Along the Colorado River, a continuous string of waterfront parks provides a buffer from the cacophony of downtown, offering an easy escape from the ruckus of Rainey Street. Residents head to the neighborhood's south end to find a quiet corner beneath the shade of cypress trees in Waller Beach. “One of the best things about the area is that there are hiking and biking trails all along the water,” Hardesty says. Some visitors begin a trip on the Ann and Roy Butler Hike and Bike Trail at Waller Beach. The 10-mile ride connects with other parks that span the riverfront, such as Festival Beach, and the Pfluger Pedestrian Bridge offers a way to reach parks on the south side of the river. Many residents use the downtown trails to commute to work or school, increasing demand for continuous improvements and additions to the neighborhood trail systems. The $91.5 million Waterloo Greenway Project will soon connect Waterloo Park to Waller Beach with a hike and bike trail along Waller Creek.

Sculptures grace the Ann & Roy Butler Hike and Bike Trail, enhancing the trail's scenic appeal.
Sculptures grace the Ann & Roy Butler Hike and Bike Trail, enhancing the trail's scenic appeal.
A wealth of amenities and activities are available to Rainey Street Historic District residents.
A wealth of amenities and activities are available to Rainey Street Historic District residents.
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Luxury condos offer 24-hour security and sweeping views of Ladybird Lake

Luxury high-rise condos now tower over the single-story wooden structures that helped give the neighborhood its identity. Top-tier amenities — rooftop pools, floor-to-ceiling windows with views of Ladybird Lake, garage parking, 24-hour concierge services and security — drive up the desirability for these luxury units. Prices for a one-bedroom, one-bath typically begin at $450,000 and can reach up to $750,000. For two bedrooms and up, most units sell for between $1 and $2 million.

Bikeshares, bus stops and light rail for non-drivers

The neighborhood abuts I-35, Austin's busiest commuter route. Traffic gets very heavy on the highway during peak commuting hours. Residents are afforded some alternatives to driving, however, especially hike and bike trails, and those who don't own a bike can rent from an ATX MetroBike station at Waller Beach. CapMetro bus routes skirt past the neighborhood on Cesar Chavez Street. On the other side of the Austin Convention Center, the downtown station for Austin's light rail line offers a way to head north.

Delight your taste buds at Ziki Food Truck in Rainey Street Historical District.
Delight your taste buds at Ziki Food Truck in Rainey Street Historical District.
Conveniently explore Austin with the ATX MetroBike Station in the Rainey Street District.
Conveniently explore Austin with the ATX MetroBike Station in the Rainey Street District.
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All schools A-rated

Students in the Rainey Street Historic District begin at Mathews Elementary School. For grades 6 through 8, students attend O. Henry Middle School and finish their last four years at Austin High School. All three schools have Niche scores of A-minus or higher.

Mathews Elementary in historic Clarksville, Austin.
Mathews Elementary in historic Clarksville, Austin.
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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Things to consider

Visiting Rainey Street is one thing; living there is another. Nightlife and interstate traffic make it a noisy neighborhood, although most luxury condos are designed with soundproofing in mind. Like other entertainment districts, the Rainey Street Historic District also has a higher crime rate than other neighborhoods. The neighborhood has a CAP Index score of 9, well above the national average of 4, prompting officials to increase police and park ranger presence throughout the neighborhood and its waterfront park. Austin's waterfront neighborhoods also experience occasional flooding, particularly those along Waller Creek, although recent investments have helped improve resiliency. "In the later portions of the 1900s, the city started looking at a pretty significant flood tunnel to help reduce the flooding downtown," says John Beachy, downtown division manager for the city's Watershed Protection Department. "Now, it's been successfully constructed and implemented, and they've been able to reduce 28 acres of land that was formerly within the flood plain."

Tom Jakob
Written By
Tom Jakob
Jack Schafer
Photography Contributed By
Jack Schafer
Bill Jennings
Video By
Bill Jennings

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 Shivraj Grewal, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Austin-Bergstrom International

22 min drive

Bus

515 Cesar Chavez & Red River

Crime and Safety

1 - Low Crime, 10 - High Crime Rainey Street Historic District US
Homicide 4 4
Sexual Assault 9 4
Assault with Weapon 6 4
Robbery 8 4
Burglary 9 4
Motor Vehicle Theft 10 4
Larceny 10 4
Crime Score 9 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$670,000
Median Single Family Price
$699,950
Median 2 Bedroom Price
$895,000
Median 1 Bedroom Price
$590,000
Average Price Per Sq Ft
$815
Number of Homes for Sale
117
Last 12 months Home Sales
56
Months of Supply
25.10
Median List Price
$725,000
Median Discount From 1st List Price
7%
Median Home Sale Price YoY Change
-10%

Home Facts

Number of Homes in Neighborhood
1,053
Median Year Built
2007
Avg. Single Family Home Size Sq Ft
1,101
Significantly below the national average
1,935
Average Townhouse Size Sq Ft
1,739
Average 2 Bedroom Size Sq Ft
1,305
Average 1 Bedroom Size Sq Ft
812
Median Lot Size Sq Ft
16,988

Open Houses

  • Sunday, Apr 27
    12 - 2pm

    44 East Ave Unit 2301, Austin, TX 78701

    $1,825,000

    • 3 Beds
    • 3 Baths
    • 2,032 Sq Ft
    • 44 East Ave
    • Unit 2301
    • New 3 days ago

    Experience elevated living at 44 East Ave in this luxurious 3-bedroom, 3-bathroom residence located on the 23rd floor, where unobstructed views of the Austin skyline and Lady Bird Lake create a stunning backdrop to your everyday life. Designed with both comfort and entertaining in mind, the open-concept layout seamlessly connects the chef’s kitchen, dining, and living areas to a spacious, covered

    Darshil Parikh Compass RE Texas, LLC

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  • Saturday, May 3
    1 - 3pm

    44 East Ave Unit 4104, Austin, TX 78701

    $1,495,000

    • 2 Beds
    • 2 Baths
    • 1,216 Sq Ft
    • 44 East Ave
    • Unit 4104
    • New 8 days ago

    Step into your private sanctuary in the sky—this stunning two-bedroom, two-bathroom spacious residence at 44 East Avenue offers a refined blend of luxury, comfort, and breathtaking scenery. Floor-to-ceiling windows frame panoramic views of Lady Bird Lake and the downtown skyline, bathing the space in natural light by day and sparkling city lights by night. From the moment you enter, every detail

    Ana Gabriela Villarreal Bustamante Pinnacle Realty Advisors

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  • Sunday, Apr 27
    12 - 2pm

    44 East Ave Unit 3906, Austin, TX 78701

    $1,950,000

    • 3 Beds
    • 3 Baths
    • 1,999 Sq Ft
    • 44 East Ave
    • Unit 3906
    • New 8 days ago

    Elevated living awaits in this stunning 3 bedroom residence at 44 East Ave. Situated on the southeast corner with floor-to-ceiling glass that reveals panoramic lake and city views. The open kitchen-living concept offers Bosch appliances, built-in refrigerator, soft-close Italian cabinetry, dramatic finish quartz countertops with full height backsplash and large center island with under counter

    Kevin Burns Urbanspace

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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 Shivraj Grewal, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
3,117
Median Age
40
Population Density
39 ppl/acre
Population under 18
8.3%
Below the national average
23.8%
Population over 65
18.9%
On par with the national average
19.1%

Finances

Median Household Income
$176,284
Significantly above the national average
$71,702
Average Household Income
$185,972

Education and Workforce

High School Graduates
92.9%
College Graduates
84%
Significantly above the national average
34.1%
Advanced Degrees
33.2%
Above the national average
13.3%
% Population in Labor Force
82.2%

Weather

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

Area Factors

Biker's Paradise

Bike Score®

91 / 100

Very Walkable

Walk Score®

87 / 100

Good Transit

Transit Score®

60 / 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.
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Rainey Street Historic District