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The 2 area I really like are the Delwood neighborhood of East Austin (North of the Mueller development and Quail Creek in North Central Austin. Delwood has seen some "flips" on some properties already. There are some great mid-century modern homes. I think Quail Creek is perhaps one of the most undervalued areas in all of Austin. Close to the Domain, access to rail at the Kramer station and situated close to IH-35 and Mopac, it's an easy commuting area. And the lot sizes are great with some houses that might need some TLC, but extremely affordable. There are some not so great areas still (it is close to Rundberg and North Lamar). But as more people move in, it's one of the true affordable spots close to downtown.
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