Market Overview for Zip Code 78602
There are 316 active listings in Zip Code 78602 with a median list price of $425K and a median sold price of $380K.
Homes average 98 days on market.
Over the past 30 days, 59 homes have sold, with 572 sales in the past 12 months.
The average price per square foot is $219.
About Zip Code 78602
Zip code 78602 covers the city of Bastrop and surrounding areas in Bastrop County, about 30 miles southeast of downtown Austin. Bastrop is the county seat with a population of approximately 10,000 within the city limits and a broader zip code population exceeding 25,000 when including unincorporated areas. The city sits along the Colorado River and is built around a historic downtown district along Main Street that dates to the 1830s, making it one of the oldest settlements in central Texas. The area is defined by the Lost Pines, an isolated stand of loblolly pine forest that is geographically separated from the East Texas Piney Woods by roughly 100 miles of Blackland Prairie. This unique ecological feature gives the Bastrop area a landscape distinct from other central Texas communities.
Real estate in 78602 varies from historic homes in the original townsite to new master-planned communities on the city's periphery. Homes in Bastrop's historic district and established neighborhoods along the Colorado River typically range from $250,000 to $500,000, with restored historic properties occasionally exceeding $600,000. New construction in subdivisions such as Piney Creek Bend, Colony at Bastrop, and Pecan Park offers homes from $280,000 to $475,000. Rural acreage tracts of 5 to 50 acres in the broader zip code list from $350,000 to over $1 million depending on improvements, tree cover, and river frontage. The median home price in 78602 has risen significantly over the past five years as Austin-area buyers have expanded their search radius southeast along SH-71 and SH-130.
Students in 78602 primarily attend Bastrop ISD, which serves approximately 11,000 students across multiple campuses. The district operates seven elementary schools, two middle schools, and Bastrop High School, plus Cedar Creek High School serving the eastern portion of the district. Bastrop High School competes in UIL Class 5A athletics with strong programs in football, softball, track, and band. The district offers career and technology education programs, dual-credit courses through Austin Community College, and a growing fine arts program. Lost Pines Christian Academy and Colorado River Collegiate Academy provide private and alternative education options within the zip code. The University of Texas Golf Club and the Hyatt Regency Lost Pines Resort are notable facilities in the area.
Bastrop is approximately 30 minutes from downtown Austin via SH-71, and the SH-130 toll road provides an alternate route connecting to I-35 and the Austin-Bergstrom International Airport, which is about 20 minutes to the northwest. Austin-Bergstrom serves as the nearest commercial airport. Tesla's Gigafactory near the airport in southeastern Travis County is approximately 15 minutes from Bastrop and represents a major nearby employer. Bastrop has its own hospital, Ascension Seton Bastrop, providing emergency and primary care services. The city has an H-E-B grocery store, a Walmart, multiple restaurants and shops along Main Street, and a growing commercial corridor along SH-71. The Bastrop Convention and Exhibit Center and the Bastrop Opera House anchor the city's event and cultural calendar.
