The neighborhood was founded in 1891 as a streetcar suburb for the burgeoning middle class, featuring shady trees and a man-made lake. Before the State Fair of Texas found its home in Dallas, Hyde Park hosted the annual event. The lake is long gone, and the fair has outgrown the quiet neighborhood but the winding streets, picturesque craftsmen homes, and large oak trees, are very close to what they were over a century ago. As such, the neighborhood is listed on the National Register of Historic Places. Hyde Park is also home to many of Austin's historical sites, including the Elisabet Ney museum, a castle-like structure that was the first art studio ever built in Texas.
Hyde Park is just a ten minute bike ride to the University of Texas at Austin and downtown which means the neighborhood is home to a diverse group of graduate and undergraduate students, faculty, young professionals, and families. Hyde Park truly is a village within a large city. The "town center" is home to some of Austin's most beloved restaurants and cafes. Although Austin has grown and times have changed, the same sense of community created by its original residents in the late nineteenth century can still be found in Hyde Park today.
Hyde Park is serviced by the Austin Independent School District where students attend Lee Elementary, Kealing Middle School, and McCallum High School.