Not anymore. Go to Redfin and see for yourself. I wasn't even looking in the "city proper", I was looking within half an hour drive to Austin downtown. I consider it dumb to buy property without any land to go with it, so I wanted a decent house with an acre or two of land at least. The only decent options I was able to find were all over a million dollars. And then there's flood insurance to contend with in Austin area - you really have to look where it does and does not flood or you could also be on the hook for $1K/mo in flood insurance, without which the bank won't issue a loan.