Austin is home to nine of the wealthiest neighborhoods in the country, according to a recent report by Stephen Higley, a geography professor from the University of Montevallo. Higley analyzed Census data from 2010, and his results found that Austin's neighborhoods are less diverse than many other luxury neighborhoods across the U.S.
Austin's most distinguished neighborhood to make the report was West Lake Oaks - Bee Creek Terrace. This small, established neighborhood is located off Bee Caves Rd and Westlake Drive, and features homes mostly built in the 1970's and 1980's. The neighborhood is only minutes away from downtown Austin, and part of the award-winning Eanes School District. Bee Creek Terrace ranked the 64th richest neighborhood in the country, and according to Higley's report, the annual household income is $388,436.
Other Austin neighborhoods to make the Higley's top 1,000 list in the country include Westlake - West Rim ranked at #201, Old West Austin ranked at #347, West Lake Highlands at #363, Barton Creek at #437, Austin Country Club - Green Park at #551, Balcones Park - Mount Bonnell at #734, Rob Roy West - Sky Forest at #832, and Davenport Ranch - Westlake Highlands ranked at #833.
Overall, only 0.6 percent of the nation's total population (approximately 2 million people) lives in one of these top 1,000 richest areas. Austin's neighborhoods on the list comprise of 17,675 residents.
If you or someone you know is interested in buying or selling luxury real estate in the Austin area, the team at Cain and Company with Keller Williams Realty would love to help. Our team has experience in Austin's luxury market, and we would be happy to help educate you on the most recent market trends. For more information, contact our office at 512.522.4659 to learn more about how our team can help with your luxury real estate needs.