Active
$395,911
3bd2ba1,192 sf
2320 Gracy Farms LN #1414, Austin, TX, 78758
North Burnett
6 of 6 listings in North Burnett
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Active
$239,000
3bd2ba1,192 sf
2320 Gracy Farms LN #1131, Austin, TX, 78758
Active
$234,000
2bd2ba1,092 sf
2320 Gracy Farms LN #614, Austin, TX, 78758
OPEN HOUSE: APR 19, 1 PM
Active
$219,000
3bd2ba1,192 sf
2320 Gracy Farms LN #1432, Austin, TX, 78758
Active
$177,900
1bd1ba668 sf
2320 Gracy Farms LN #823, Austin, TX, 78758
Active
$144,900
1bd1ba791 sf
2320 Gracy Farms LN #312, Austin, TX, 78758
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Market Overview for North Burnett
There are 6 active listings in North Burnett with a median list price of $227K and a median sold price of $187K.
Homes average 79 days on market.
Over the past 30 days, 3 homes have sold, with 9 sales in the past 12 months.
The average price per square foot is $230.
About North Burnett
North Burnet in Austin is a high-density residential neighborhood located along Burnet Road in northeast Austin, functioning as one of the city's most important urban infill areas. The neighborhood is home to approximately 16,597 residents distributed across 7,967 households, making it one of the most densely populated areas in Austin with over 2,000 residents per square mile. The median real estate price of $531,244 reflects the premium urban location and walkable access to employment centers and entertainment. North Burnet is almost entirely dominated by large multifamily apartment buildings, with 97.1% of residential real estate classified as multifamily units and 100% occupied by renters, creating a completely rental-focused market. The median rental price is $2,366 per month, with one-bedroom units averaging $1,632 and two-bedroom units averaging $2,346 depending on specific amenities and location. The neighborhood's 80.1% of homes built after 1999 reflects significant urban infill development over the past 25 years as Austin's growth pressures redirected development inward from suburbs. The area attracts young professionals, graduate students, and early-career residents seeking walkable proximity to employment districts, downtown amenities, and social scenes.
The resident population is notably diverse, educated, and transient in character. The median age is 32 years, with 44.6% of residents between 25 and 44 years old, 25% between 15-24, creating a distinctly younger demographic than Austin overall (median age 35). College graduates comprise 60.8% of the neighborhood's population, with over 43% holding Master's degrees or higher education, reflecting the neighborhood's appeal to educated professionals and graduate students. Racial and ethnic composition includes 50% Caucasian, 22% Hispanic, 17% Asian, 9% African American, and 2% other races, making North Burnet one of Austin's most ethnically diverse neighborhoods. Average household income is $82,812, below the national median of $93,000, typical of urban rental neighborhoods with younger residents still building careers and establishing professional trajectories. The neighborhood serves residents across various education and career stages, from recent college graduates and law/business students to established professionals seeking urban lifestyle without home ownership commitments.
North Burnet provides direct access to one of Austin's most active dining and entertainment corridors along Burnet Road. Burnet Road has transformed significantly over the past 10 years, with restaurants, coffee shops, bars, and retail options generating significant pedestrian traffic. The Peached Tortilla serves Asian fusion cuisine with Texas-influenced preparations and regional recipes. PICNIK offers all-day brunch service, craft cocktails, espresso drinks, and elevated casual dining. Flyrite Chicken provides quick-service rotisserie chicken with specialty preparations and rubs. Thai Kun operates evening and weekend service with consistent high-volume customer traffic reflecting community demand. Velvet Taco serves late-night taco preparation and quick-grab options for post-entertainment dining. Kung Fu Saloon operates as an entertainment venue with barcade games, cocktails, and event hosting. The area also includes Kolache Creations, operating continuously since 1979 offering traditional Czech pastry preparations and contemporary varieties with over 40 years of community presence. Walnut Creek Metropolitan Park is accessible at the neighborhood's northern edge, featuring 15 miles of maintained hiking trails, softball fields, swimming pool, playground, picnic areas, and dog parks.