hi there!
Well...just so you know, Austin is considered central Texas, not east Texas.
I don't know how big a house you need, but in the really good school districts here in the Austin area, you would probably have a hard time finding a property with some land (I'm saying "some land" is larger than 1/3 acre or so) for under $250,000. I think your best shot at it would be in the Round Rock area. If you're looking for an acre or more, I think that would be a really hard thing to find in that price range.
You can do a search in this forum for Round Rock and get a lot of great info.
Pluses to Austin: great small town feel, fun downtown scene, lots of beautiful topography, great people, housing costs reasonable compared to CA (except keep in mind property taxes here run about 2.5 to 3% of your property value - a significant difference over CA unless you are in an area where Mello-Roos tax is levied), better schools than CA
Minuses: property taxes. Not a great metro-wide transit system. Developments are tending more toward being CA like (small lots). Traffic can be bad (it's relative to where you're coming from). Austin is the most expensive area of Texas to live in. Tough to get direct flights in/out of Austin to other places.
Good luck!
