Top 10 Opportunity Zones in Austin You Need to Know


As one of the fastest-growing cities in the United States, Austin, Texas, offers numerous investment opportunities, especially within its Opportunity Zones. These designated areas provide tax incentives to investors, driving development and economic growth. In this blog post, we’ll explore the top 10 Opportunity Zones in Austin that savvy investors should have on their radar. Additionally, we’ll delve into a case study highlighting the success of investment within one of these zones.

Understanding Opportunity Zones in Austin

Opportunity Zones are specific geographic areas identified by the government as economically distressed, where investors can receive tax benefits for investing in qualified projects. In Austin, these zones span various neighborhoods, each with its unique characteristics and investment potential. From downtown to the outskirts, these zones offer diverse opportunities for those looking to capitalize on Austin’s booming real estate market.

Top 10 Opportunity Zones in Austin

Downtown Austin

With its vibrant culture, thriving tech scene, and iconic skyline, downtown Austin offers prime investment opportunities. From mixed-use developments to commercial properties, investors can find a variety of projects to capitalize on in this bustling area. The Johnston Terrace OZ, in particular, is drawing a lot of investment capital from the same groups who were previously deploying into downtown Austin. 

East Riverside

Situated along the banks of the Colorado River, East Riverside is experiencing rapid growth and development. With its proximity to downtown and abundant green spaces, this Opportunity Zone presents lucrative opportunities for residential and mixed-use projects. the census tracts drawing the most capital include; Montopolis, East Oltorf and Parker Lane.

East Austin

Known for its eclectic charm and cultural diversity, East Austin is a hotbed for investment. From historic homes to trendy new developments, this area offers a mix of traditional and modern opportunities for investors. Take a look at the MLK OZ tract for OZ development opportunities in East Austin. 

South Congress

South Congress Avenue, or SoCo, is a popular destination for locals and tourists alike. With its eclectic mix of shops, restaurants, and entertainment venues, the South Congress  Opportunity Zone is actually a little further South than the better known SoCo area, but it’s also ripe for investment in retail and hospitality projects. 


Formerly the site of Austin’s airport, Mueller has undergone a transformation into a vibrant mixed-use community. With its focus on sustainability and walkability, this Opportunity Zone offers unique opportunities for residential and commercial development. The Windsor Park and North Berkman OZ tracts are immediately North of Mueller and represent a significant opportunity for sub-market investors. 

Tech Ridge

Located in North Austin, Tech Ridge is a hub for technology companies and innovation. With its proximity to major highways and abundance of office space, this area is ideal for investors looking to capitalize on Austin’s tech boom.


Highland is a diverse and dynamic neighborhood in Northeast Austin. With its affordable housing options and strong sense of community, this Opportunity Zone is attracting interest from investors looking to make a positive impact.


Westgate is a vibrant community immediately south of the better known South Lamar neighborhood, a bustling thoroughfare lined with shops, restaurants, and entertainment venues. With its central location and vibrant atmosphere, this Opportunity Zone is a prime target for investment in retail and mixed-use projects.

North Burnet

North Burnet is emerging as a hub for business and innovation in Austin. With its proximity to major employers and access to transportation infrastructure, this Opportunity Zone offers attractive opportunities for commercial and office development.


Nestled in the hills west of downtown Austin, Westlake is an affluent community known for its luxury homes and top-rated schools. With its scenic beauty and high quality of life, this Opportunity Zone presents unique opportunities for upscale residential development. 

Case Study: Success in East Riverside

One compelling example of successful investment in Austin’s Opportunity Zones is the redevelopment of East Riverside. Once a neglected area, East Riverside has undergone a transformation in recent years, with new residential, commercial, and recreational developments revitalizing the neighborhood. With its proximity to downtown and abundance of amenities, this Opportunity Zone has become a sought-after destination for residents and investors alike.



Austin’s Opportunity Zones offer investors a wealth of opportunities to capitalize on the city’s growth and development. From downtown to the outskirts, these zones present diverse investment prospects in residential, commercial, and mixed-use projects. By understanding the top Opportunity Zones in Austin and learning from success stories like East Riverside, investors can make informed decisions to maximize their returns and contribute to the city’s continued prosperity.

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