Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,748 | $248,418 | $242,182 |
| Price Trend (Annual %) | 13.7% | 9.9% | 8.2% |
| Median Gross Rent | $1,342 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 5.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bastrop County is about 9% higher than in Texas. Rent follows a similar pattern, running close to the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Bastrop County, up about 13.7% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Bastrop County rose about 46.3% between 2015 and 2023, from $917 to $1,342. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Bastrop County.
Buying the median-priced home in Bastrop County costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bastrop County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,748 | $248,418 | $242,182 |
| Median Household Income | $82,534 | $76,510 | $78,145 |
| Price-to-Income Ratio | 3.3 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bastrop County rose about 139.2%, while median household income rose about 63.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 56.5% | 58.2% |
| Rental Rate | 22.3% | 33.8% | 31.3% |
| Vacancy Rate | 8.1% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Bastrop County has a homeownership rate of 69.6%, higher than the Texas average of 56.5%. Its housing vacancy rate is 8.1%, compared with 9.6% in Texas.
Housing Stock
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1996 | 1989 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Bastrop County was built around 1996. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bastrop County, Texas.
What is the median home price in Bastrop County, Texas?
The median home price in Bastrop County, Texas is $271,748, higher than the Texas average of $248,418.
What is the average home price in Bastrop County, Texas?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bastrop County, Texas?
The median gross rent in Bastrop County, Texas is $1,342 per month, about the same as the Texas average.
What was the median gross rent in Bastrop County in 2020?
In 2020, the median gross rent in Bastrop County, Texas was $1,095 per month.
What is the price-to-rent ratio in Bastrop County, Texas?
The price-to-rent ratio in Bastrop County, Texas is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bastrop County.
Are home prices or rent rising faster in Bastrop County, Texas?
Both home prices and rent are rising in Bastrop County, up about 13.7% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bastrop County, Texas?
69.6% of households in Bastrop County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Bastrop County, Texas?
The housing vacancy rate in Bastrop County, Texas is 8.1%, lower than the Texas average of 9.6%.