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Westgate

CENSUS TRACT 17.12 COMPRISES THE WESTGATE OPPORTUNITY ZONE​

Westgate 17.12

Westgate is a neighborhood in Austin, Texas with a population of 3,830. Westgate is in Travis County and is one of the best places to live in Texas. The Westgate opportunity zone is ranked #31 on the list of best neighborhoods in Austin. Living in Westgate offers residents an urban suburban mix feel and most residents own their homes. In Westgate there are a lot of bars, restaurants, coffee shops, and parks. Many families and young professionals live in Westgate and residents tend to be liberal. The public schools in Westgate are rated as above average by students and parents.

Demographics of Westgate

MEDIAN HOUSEHOLD INCOME

The Westgate OZ has a median household income of approximately $66,000, which is 3% higher than the median household income for the state of Texas of $64,000.

POVERTY RATE

The percentage of households below the poverty line in the Westgate neighborhood of Austin is 15%, which is 1% higher than the rate for the state of Texas of 14%.

MEDIAN HOME VALUE

Westgate has a median home value of approximately $340,000, which is 70% higher than the median home value for the state of Texas of $200,000.

EDUCATION

The Westgate neighborhood has a percentage of population with high school diploma of approximately 92%, which is 7% higher than the rate for the state of Texas of 85%.

MEDIAN AGE

The Westgate census tract has a median age of approximately 38, which is 9% higher than the median age for the state of Texas of 35.

Community

History

The Westgate neighborhood of Austin, Texas has a rich history that reflects the city’s growth and development over time. Here’s a brief overview of its history:

Origins and Growth

Westgate traces its origins back to the mid-20th century when Austin experienced significant population growth and urban expansion. As the city expanded westward, the Westgate neighborhood emerged as a residential area in the 1950s. It was initially developed as a suburban community, offering affordable housing options for families looking to settle in Austin. 

Residential Development and Infrastructure

The development of Westgate primarily revolved around residential construction, with a mix of single-family homes and apartments. The neighborhood’s layout was designed to provide a peaceful suburban environment, featuring tree-lined streets and spacious lots. Over time, the area experienced improvements in infrastructure, including the establishment of schools, parks, and commercial centers to meet the needs of its growing population.

Diverse Community

Westgate has always been known for its diverse community. People from various backgrounds and walks of life have made Westgate their home, contributing to its multicultural fabric. This diversity has played a significant role in shaping the neighborhood’s unique character and fostering a vibrant sense of community.

Stability and Evolution

As Austin continued to grow, Westgate remained a stable residential enclave within the city. Over the years, the neighborhood has witnessed subtle changes and adaptations, reflecting evolving architectural styles and lifestyle trends. While maintaining its residential charm, Westgate has also embraced commercial development, with the establishment of shopping centers and businesses to serve the needs of its residents.

Preserving Community Spirit

Throughout its history, Westgate has remained a close-knit community, with residents actively engaging in neighborhood associations and community initiatives. The neighborhood’s residents have worked together to preserve its character, promote safety, and enhance the quality of life for everyone residing there. Westgate’s strong sense of community and active involvement have contributed to its enduring appeal and desirability. 

BUSINESSES

Neighborhoods with a diverse range of services attract potential tenants and tend to be make retaining tenants much easier for the property manager. The Westgate neighborhood is home to many unique and/or culturally important businesses, including but limited to:

Known as a food lover’s paradise, Central Market is a popular grocery store that offers an exceptional selection of organic produce, gourmet foods, specialty items, and unique culinary experiences. It’s a go-to destination for food enthusiasts looking for high-quality ingredients and diverse international flavors.

centralmarket.com

This local coffeehouse and live music venue is a hidden gem in Westgate. Known for its cozy atmosphere, friendly staff, and excellent coffee, Strange Brew Coffeehouse hosts live performances by local musicians, providing a unique blend of coffee and entertainment that keeps residents coming back for more.

strangebrewcoffee.com

For comic book enthusiasts and gamers, Dragon’s Lair Comics & Fantasy is a must-visit. This well-established store offers a wide range of comics, graphic novels, board games, collectibles, and role-playing games. It’s a haven for those seeking a dose of geek culture and a friendly community of fellow enthusiasts.

dlair.net

Coco’s Cafe is a beloved neighborhood spot that offers a mix of Tex-Mex and American comfort food. This family-owned eatery delights patrons with its flavorful dishes, friendly service, and cozy ambiance. Whether you’re craving breakfast tacos, homemade enchiladas, or a classic burger, Coco’s Cafe is a go-to spot for satisfying your cravings.

cocos-cafe.com

As a full-service veterinary hospital, Westgate Pet and Bird Hospital provides specialized care for pets and birds. With a team of experienced veterinarians and staff, they offer a wide range of services, including routine wellness exams, vaccinations, diagnostics, surgical procedures, dental care, and emergency services. Their expertise in avian medicine makes them a go-to destination for bird owners seeking comprehensive veterinary care. The hospital’s commitment to compassionate care and their focus on promoting the well-being of pets and birds has earned them a strong reputation in the community.

westgatepetandbird.com

Real Estate Data

RENTAL MARKET

We keep close tabs on the rental markets in all of Austin’s many opportunity zone tracts. This keeps us in touch with the latest trends in vacancy rates, gross rental figures and the potential for rent increases in local sub-markets. 

2 Bedrooms

Figures for 2 bedroom rents in the Westgate neighborhood of Austin from our 2023 Westgate 2 Bedroom Report

Average

$2,263

Median

$2,215

25th PERCENTILE

$1,894

75th PERCENTILE

$2,632

3 Bedrooms

Figures for 3 bedroom rents in the Westgate neighborhood of Austin from our 2023 Westgate 3 Bedroom Report

Average

$3,035

Median

$2,995

25th PERCENTILE

$2,571

75th PERCENTILE

$3,500

4 Bedrooms

Figures for 4 bedroom rents in the Westgate neighborhood of Austin from our 2023 Westgate 4 Bedroom Report

Average

$2,743

Median

$3,198

25th PERCENTILE

$1,888

75th PERCENTILE

$3,598

Short Term Rentals

Westgate has one of the most diverse short-term rental markets in the city of Austin with houses, guest houses and apartments all available year-round. Three bedroom homes in the Westgate neighborhood earn on average $239 / night for short-term rentals. For four-bedroom homes, this rate jumps up to around $333 / night. Why does this matter? We find that tenants in opportunity zone properties in Austin often need to rent their homes on a short term basis either for personal travel or during the city’s many local events on the annual calendar. 
short term rental market in westgate opportunity zone

Tract Map

MAP OF OZ TRACT 17.12