It is still possible to buy a home for less than $300k in Elgin Texas. Located about 25 miles east of Austin along Interstate 290, Elgin is about a 30-minute drive from downtown.
There are bidding wars north and south and the hill country, (west of Austin,) has median price points above $600k.
That entire area east of Austin may provide options for buyers with lower pre-approval amounts and/or those looking for long-term appreciation growth. Most of the area along 290 and the 130-toll road is often overlooked because it is underdeveloped and has a rural feel.
When you consider that Tesla is building their giga-factory just south along 130 and Samsung is preparing a major expansion on the west side of 130, there is a high expectation for growth.
Charles Lewis is a REALTOR® in the Austin area. He helps people all over the Austin metro area buy and sell houses. Schedule a no-obligation phone call to find out he can help you accomplish your real estate goals.