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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bastrop Housing Market Information

With 9,242 people, 3,180 houses or apartments, and a median cost of homes of $245,255, Bastrop real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bastrop, accounting for 68.90% of the city's housing units. Other types of housing that are prevalent in Bastrop include large apartment complexes or high rise apartments ( 21.36%), duplexes, homes converted to apartments or other small apartment buildings ( 4.91%), and a few row houses and other attached homes ( 2.46%).

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 50.83% owning and 49.17% renting.

Bastrop homes and real estate are some of the newest in America. 39.42% of Bastrop's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bastrop real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.25%), and between 1940-1969 ( 21.99%). There's also some housing in Bastrop built before 1939 ( 5.33%).

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 76.26% over the last ten years, which is an average annual home appreciation rate of 5.83%, 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 5.60%, which is higher than appreciation rates in 82.18% 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 2.29%, which equates to an annual appreciation rate of 9.46%.

Importantly, this makes Bastrop one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

 
info

Median Home Value:
$245,255

Bastrop, TX HOME PRICES

> $1,323,000
0.6%
0.6%
$993,001 - $1,323,000
0.2%
0.2%
$662,001 - $993,000
2.5%
2.5%
$529,001 - $662,000
4.0%
4.0%
$397,001 - $529,000
8.4%
8.4%
$265,001 - $397,000
28.2%
28.2%
$132,001 - $265,000
45.0%
45.0%
$66,001 - $132,000
8.4%
8.4%
$0 - $66,000
2.7%
2.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
3,180

Bastrop Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
108.46% 3.60%
6
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,401 / per month

Homeownership Rate

Owners
50.8%
50.8%
Renters
49.2%
49.2%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
39.4%
39.4%
1970 - 1999
33.3%
33.3%
1940 - 1969
22.0%
22.0%
1939 or Older
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.9%
68.9%
Townhomes
2.5%
2.5%
Small Apt. Buildings
4.9%
4.9%
Apt. Complexes
21.4%
21.4%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
9.3%
9.3%
2 Bedrooms
28.5%
28.5%
3 Bedrooms
40.1%
40.1%
4 Bedrooms
19.6%
19.6%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Popular Communities Near Bastrop, TX

Zip Codes in Bastrop, TX