Bastrop, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bastrop Neighborhoods Since 2000




Bastrop, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bastrop Housing Market Information

With a population of 8,231, 2,783 total housing units (homes and apartments), and a median house value of $214,818, Bastrop real estate is some of the most expensive in Texas, although Bastrop home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bastrop, accounting for 64.33% of the city's housing units. Other types of housing that are prevalent in Bastrop include large apartment complexes or high rise apartments ( 15.57%), mobile homes or trailers ( 9.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.20%).

The most prevalent building size and type in Bastrop are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.20% owning and 50.80% renting.

There is a lot of housing in Bastrop built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bastrop built between 2000 and later ( 34.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.87%). There's also some housing in Bastrop built before 1939 ( 6.33%).

Bastrop Home Appreciation Rates

In the last 10 years, Bastrop has experienced some of the highest home appreciation rates of any community in the nation. Bastrop real estate appreciated 41.20% over the last ten years, which is an average annual home appreciation rate of 3.51%, putting Bastrop in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bastrop definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bastrop that despite a nationwide downturn in the housing market, Bastrop real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bastrop appreciation rates continue to be some of the highest in America, at 11.80%, which is higher than appreciation rates in 97.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bastrop. Bastrop appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Texas, our data show that Bastrop's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$214,818

Bastrop, TX HOME PRICES

Value Range
> $1,314,000 0.0
$986,001 - $1,314,000 0.0
$657,001 - $986,000 3.1
$525,001 - $657,000 1.8
$395,001 - $525,000 6.8
$263,001 - $395,000 21.8
$132,001 - $263,000 49.3
$66,001 - $132,000 10.4
$0 - $66,000 6.8

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
28.7765147076058 13.8132295719844

Number Of Homes And Apartments:
2,783

Bastrop Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
65.08% 2.95% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,327 / per month

Homeownership Rate

Homeownership
Owners 49.20
Renters 50.80
Vacant 7.23

Housing Market Details

 

Age of Homes

AGE OF Bastrop HOMES
2000 or Newer 34.9
1970 - 1999 42.9
1940 - 1969 15.9
1939 or Older 6.3

Types of Homes

TYPE OF Bastrop HOMES
Single-Family 64.3
Townhomes 1.0
Small Apt. Buildings 9.2
Apt. Complexes 15.6
Mobile Homes 9.9
Other 0.0

Home Size

SIZE OF Bastrop HOMES
No Bedroom 1.13
1 Bedroom 10.57
2 Bedrooms 27.80
3 Bedrooms 45.60
4 Bedrooms 14.90
5 or more bedrooms 0.00

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Zip Codes in Bastrop, TX