The story of this market
The typical home in ZIP 78662 sells for about $549,900, or $285 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 78662 — Lockhart
The Red Rock housing market is experiencing a period of price stabilization following significant appreciation in recent years. Demand remains supported by its role as a rural-residential commuter hub for the Austin metro area, though higher interest rates have tempered the pace of sales.
This ZIP is best suited for family buyers and commuters seeking a rural lifestyle with manageable access to the Austin metro area.
Median prices moved down 2.4% year over year.
Homes spend a median of 92 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 3.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78662, Bastrop County TX
Schools serving the area are primarily part of the Bastrop Independent School District, which maintains a standard accountability rating consistent with regional rural-suburban districts.
The area is subject to standard Central Texas wildfire risks and occasional flood-plain management requirements near the Colorado River basin.
Growth is driven by the expansion of the Austin-Round Rock-San Marcos metropolitan area, with Red Rock serving as a rural-residential corridor for commuters.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents primarily commute via FM 812 and SH 21 toward Austin and the Austin-Bergstrom International Airport employment hubs.
The area features proximity to the Colorado River for outdoor activities and is within reach of Bastrop State Park and McKinney Roughs Nature Park.
The rental market is limited, consisting primarily of single-family homes with low vacancy pressure and minimal short-term rental saturation.
The local economy is largely tied to the broader Austin labor market, with significant employment in logistics, construction, and government services.
Transportation is heavily reliant on private vehicles, with SH 21 and FM 812 serving as the primary arterial corridors.
Development is characterized by low-density residential expansion and rural land subdivision.
The Bastrop Central Appraisal District manages annual property valuations and exemptions for the county.
Parcels are subject to Bastrop ISD and various county-level emergency service district taxes.
Property insurance premiums are rising due to regional wildfire risk and general Texas market volatility.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Circuit of The Americas4.618.1 mi
- Germania Insurance Amphitheater4.518 mi
- COTA Karting4.518 mi
- The East 404.411.4 mi
- Scream Hollow4.310.7 mi
- The Gas Station4.711.2 mi
- Scream Hollow4.310.7 mi
- Lockhart City Park4.412.5 mi
- The Dinosaur Park4.715.1 mi
- Scream Hollow4.310.7 mi
- Lockhart City Park4.412.5 mi
- The East 404.411.4 mi
- Dollar General3.811.3 mi
- Dollar General49.8 mi
- Austin-Bergstrom International Airport4.122.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large nature preserve with hiking and equestrian trails.
Historic state park known for the Lost Pines forest.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.