Chestnut is a neighborhood in Austin, Texas with a population of 1,611. Chestnut is in Travis County and is one of the best places to live in Texas. Living in Chestnut offers residents a sparse suburban feel and most residents own their homes. In Chestnut there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in Chestnut and residents tend to be liberal. The public schools in Chestnut are highly rated.