Market Overview for Zip Code 78662

There are 10 active listings in Zip Code 78662 with a median list price of $728K and a median sold price of $440K.

Homes average 170 days on market.

Over the past 30 days, 0 homes have sold, with 9 sales in the past 12 months.

The average price per square foot is $319.

About Zip Code 78662

Zip code 78662 covers Red Rock, a small unincorporated community of fewer than 500 people in Bastrop and Caldwell counties, approximately 40 miles southeast of downtown Austin. Red Rock sits along SH-20 between Bastrop and Lockhart, with FM 812 intersecting from the north. The community takes its name from the red sandstone outcrops visible in the area, a geological feature distinguishing it from the surrounding Blackland Prairie. Red Rock was established as a farming settlement in the 1860s and has remained a rural crossroads with a post office, church, and a few small businesses. The surrounding landscape is a mix of cultivated farmland, cattle pastures, and scattered post oak groves.

Real estate in 78662 is rural in character, consisting of acreage tracts and homes on large lots. Raw land typically runs $8,000 to $16,000 per acre depending on road frontage, fencing, and topography. Improved properties with homes on 5 to 30 acres generally list from $300K to $650K. Larger ranch tracts of 50+ acres can reach $800K to over $1 million depending on improvements. Homes in the Red Rock settlement itself are older, mostly built before 1980, and list from $150K to $300K. Manufactured homes on private lots are common, typically priced from $80K to $200K. There is no subdivision development in Red Rock; all real estate transactions involve existing homesteads, acreage parcels, or raw land.

Students in 78662 attend either Bastrop ISD or Lockhart ISD depending on their location within the zip code. Bastrop ISD serves approximately 11,000 students with multiple elementary campuses, Bastrop Middle School, Cedar Creek Middle School, and Bastrop High School and Cedar Creek High School. Lockhart ISD covers the Caldwell County portions of the zip code. Both districts are accessible within a 15 to 20-minute drive. Both offer agricultural education and FFA programs suited to the rural student population.

Red Rock is approximately 40 minutes from downtown Austin via SH-130 and SH-20. Bastrop is about 15 miles east, and Lockhart is about 15 miles south. Austin-Bergstrom International Airport is roughly 30 minutes northwest via SH-130. The SH-130 toll road passes about 5 miles to the west, providing faster access to Austin and the airport. Most residents commute to Bastrop, Lockhart, Austin, or the Tesla Gigafactory south of Austin for employment. Red Rock has no grocery store, gas station, or restaurant; residents depend on Bastrop or Lockhart for all commercial services. The area's economy is based on cattle ranching, hay production, and hunting lease income.

Living in Zip Code 78662