Bastrop, TX—78602
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bastrop, TX
Home Price Trends — Bastrop, TX
As of Oct '25, the median home price in Bastrop, TX is $353,000, with a year-over-year change of -2.8%. This indicates that home prices in Bastrop, TX are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | -2.8% |
| Single Family | $353,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $261,000 | -3.7% |
3 Bed | $336,000 | -2.6% |
4 Bed | $401,000 | -2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bastrop, TX
As of July '25, Rentcast reports the average rent in Bastrop, TX is $2,040, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Bastrop, TX is studios: $2,550, 1-bedrooms: $1,300, 2-bedrooms: $1,480, 3-bedrooms: $2,100, 4-bedrooms: $2,590. The most common rental property sizes in Bastrop, TX are 2-bedroom and 3-bedroom, accounting for 38.5% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,040 |
| Studio Rent | $1,000 | $2,550 |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $1,980 | $2,100 |
| 4 Bed Rent | $2,500 | $2,590 |
% of Rental Stock
Property Listings — Bastrop, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Bastrop, TX is 79. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $429,000 | -1.0% |
Listing Count | 355 | 7.0% |
| Listings as % of Homes | 1.5% | 7.0% |
Days on Market | 79 | 18.0% |
Demographics — Bastrop, TX
As of the latest ACS Survey released in 2023, Bastrop, TX has a population of 35,800, which has increased by 28.0% over the past 5 years. Bastrop, TX is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,800 | 28.0% |
% Under 18 | 22.2% | -1.3% |
% Seniors | 15.2% | -12.1% |
% WFH | 12.6% | 173.9% |
% w/ College Degree | 26.6% | 9.0% |
As of the latest ACS Survey released in 2023, Bastrop, TX is a predominantly white area, with 54.3% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Bastrop, TX is hispanic, making up 35.6% of the population. Foreign-born residents account for 8.4% of the population in Bastrop, TX, and this percentage has increased by 5.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.3% | -10.8% |
% Black | 5.7% | -20.8% |
% Hispanic | 35.6% | 24.5% |
% Asian | 1.0% | -33.3% |
% Foreign Born | 8.4% | 5.0% |
Mortgage and Risk — Bastrop, TX
According to HUD data as of 2023, there were 1062 mortgage originations in Bastrop, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Bastrop, TX. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,062 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Bastrop, TX
As of 2024, the percent of homes in Bastrop, TX under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bastrop, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 155 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,300 | $1,480 |
| 2 Bedroom | $240 | $1,500 | $1,740 |
| 3 Bedroom | $250 | $1,980 | $2,230 |
| 4 Bedroom | $60 | $2,500 | $2,560 |
Affordability — Bastrop, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $353,000 |
| Median Household Income | $87,000 |