The Parker Lane neighborhood is nestled between the major thoroughfares of Interstate 35 and HWY 71 (Ben White Blvd). Immediately across I-35 is the St Edwards University and the vibrant shopping and nightlife of South Congress (SoCo). Just to the North is East Oltorf with several restaurant gems like the little-known 666 Pan Asian.
Air BnB describes Parker Lane as quiet, hip and known for it’s parks. While Niche.com rates the area an overall B+ with more than 85% of the residents renting. Parker Lane provides easy access to downtown Austin. A ridesharing app will get you there in 15mins and for less than $10. Driving through the neighborhoods, you can imagine that it’s what Travis Heights probably felt like 15-20 years ago before it started to turn over.
Parker Lane is significantly under-served by rental properties. While only 15% of residents own their homes, the market isn’t meeting demand. At Liquid, we have identified the area as being ideal for investment in single family rental properties and small mixed-use commercial properties along the corridors.
It can be difficult to find good deals in the Parker Lane area as anything that hits the market tends to be snapped up quickly. This is especially true with the fourplex and duplex listings that become available. To combat this, Liquid is actively messaging home owners, particularly those that do not live in the properties they own. Our goal is for Liquid QOZB II to acquire 20+ single family residential rentals in the Parker Lane census tract.
Parker Lane is a neighborhood in Austin, Texas. It is believed to have been developed in the mid-20th century, around the 1950s and 1960s. The area was originally designed as a middle-class, suburban community and was known for its affordable homes and large lots. Over time, the neighborhood has evolved and now includes a mix of older homes and newer, larger homes. The area is located in northeast Austin and is known for its convenient location, close to major highways and shopping centers. The neighborhood is also known for its large park, Parker Lane Park, which provides a community gathering space for residents.
The schools in Parker Lane, Austin, TX are part of the Austin Independent School District (AISD). Some of the highly-rated schools in the area include:
It’s important to note that school ratings can change year-to-year and should be verified before making educational decisions. It’s also important to consider factors such as student-teacher ratio, test scores, and individual student needs and learning styles when evaluating schools.
Demographic information for Parker Lane, Austin, TX is not publicly available, but the surrounding neighborhoods of northeast Austin tend to have a diverse population, including a mix of families, young professionals, and retirees. The area has seen significant growth in recent years and the population is expected to continue to increase in the coming years.
It’s worth noting that demographic data can change over time and may not accurately reflect the current population of the neighborhood. The best way to learn about the current demographics of Parker Lane is to visit the area and observe the population firsthand.