How Much Does Residential Land Cost Around Austin, Texas?

If you're considering building your dream home in Austin, Texas, step one is purchasing the right plot. But how much does land cost in and around this thriving, rapidly growing city? Various factors influence these prices, and they’ve changed significantly in the past few years. In this blog, we’ll break down the key elements that impact land costs, how prices have shifted, and tips on finding beautiful and affordable land in the Greater Austin Area. 

Typical Austin, Texas Land Prices

While remodeling your current home is always an option, sometimes starting fresh gives you the freedom to create exactly what you've always wanted. And if Austin is where you want to be, here are some things you should know.

Austin lot prices have sharply risen in recent years. As Austin has become a tech hub and more people have moved to the area, demand for land has skyrocketed. With limited land available, prices have been driven higher, particularly during the pandemic.

On average, an acre of land in Texas costs about $29,800, but near Austin, that price drops slightly to a median of $23,837 per acre. However, you don’t necessarily need a full acre to build your home. Residential lots in the Greater Austin Area range from as low as $10,000 to over $2 million, depending on a slew of factors we'll break down below.

What Factors Influence Land Prices in Austin, Texas?

Are you curious about what drives land prices in Austin? If you're planning to build your dream home or invest in property, understanding these key factors can help you make the smartest choice in this booming market. Here's a look at top price influences:

Size of the Land

If you want to buy in bulk or want a more expansive property in Austin, you could benefit from lower per-acre costs. However, smaller residential lots are often more affordable upfront, making them ideal for those looking to build a home in a specific neighborhood.

Location

Location is one of the biggest determinants of land price. Properties close to downtown Austin, scenic views, or proximity to popular amenities like schools, parks, and bodies of water will come with a higher price tag. Here is the list of the locations we build in:

Accessibility and Infrastructure

Land located near well-developed roads, highways, and public transportation tends to be more expensive. Easy access to infrastructure boosts the value and convenience of a property, making it more appealing to potential buyers.

The heightened appeal also means that land in these areas doesn't stay on the market for long, so if you see a plot available be ready to buy quickly.

Environmental Factors

Environmental factors such as flood risk, soil quality, and the local climate can impact land prices. Land that’s prone to flooding or has poor soil may require more prep, lowering its value. Just be mindful of the long term costs associated with this short term deal.

Taxes and Regulations

Areas with lower property taxes can be more attractive for land buyers for obvious reasons. These plots can be hard to find but with a few tips you can be snatch them up before there's a chance for bidding wars to begin.

What Are Some Tips for Finding Affordable Land in Austin?

While land prices in Austin are rising, there are still ways to find affordable options in top locations. Here are some tips to help you navigate the market:

Work with an Agent

Partnering with a local real estate agent who knows the Austin market can give you an edge in finding the best deals in high-demand locations.

Use Online Listing Sites

Online listing sites can be a valuable resource when looking for land. Websites such as Zillow and LandWatch allow you to filter by price, location, and land type to find the right property for your needs.

Attend Public Auctions

You can sometimes find good deals on land at public auctions, especially if the land is bank-owned or has been foreclosed. However, be sure to research the property's conditions before making any bids.

Get Advice from Trusted Austin Area Home Builders 

It’s wise to consult with experienced custom home builders in the Austin area, like TrueLux Fine Homes, before buying land.

If finding land has been a hassle or you want an insightful opinion on your selection, start your custom home building process with us and we'll share our expertise as well as our network of real estate agents who can help you select the right plot for your dream home. 

Start Building in the Austin area

Purchasing land in Austin is a significant step toward building your dream home, and the journey is filled with exciting possibilities. As custom home builders specializing in high-end, energy-efficient homes, we’ll guide you through every phase of your project with personalized attention and a commitment to quality.

Ready to take the next step? Contact us today to discuss your land and home-building needs, and let’s get started on turning your vision into reality!