Market Overview for Zip Code 78662
There are 17 active listings in Zip Code 78662 with a median list price of $879K and a median sold price of $525K.
Homes average 440 days on market.
Most homes that closed in the last 90 days sold in the $1.5M-$2M range (100% of 1 closings), taking a median 440 days to go under contract; 100% of closings were $500K or more.
Over the past 30 days, 0 homes have sold, with 13 sales in the past 12 months.
The average price per square foot is $348.
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 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 13,453 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
Red Rock's population is predominantly rural landowners engaged in agriculture or commuting to jobs in Bastrop, Lockhart, or Austin. Median household income is approximately $52,000, with a mix of agricultural income, trade employment, and professional commuters. The community has a very high rate of homeownership, and most properties include 5 or more acres. Property tax rates span Bastrop and Caldwell counties, both of which are lower than Travis County. Cost of living is well below the Austin metro, with the primary expense being vehicle fuel and maintenance for the commute. Many properties rely on water wells and septic systems, and broadband internet access is limited.
Daily life in Red Rock revolves around the land, community gatherings, and trips to nearby towns. Bastrop, about 15 miles east, provides H-E-B grocery shopping, restaurants along Main Street, and medical clinics. Lockhart, about 15 miles south, offers additional services plus the well-known barbecue restaurants. The rural landscape provides opportunities for white-tail deer hunting, dove hunting, and wild hog management on private land during respective seasons. Area stock tanks and Plum Creek offer fishing for bass and catfish. Bastrop State Park, about 15 miles east, has Lost Pines hiking trails, a golf course, and camping. The Red Rock community center hosts occasional potluck dinners and holiday events. Buescher State Park, adjacent to Bastrop State Park, provides additional camping and fishing on a 30-acre lake. The area's proximity to SH-130 allows residents to reach Austin's cultural and entertainment offerings within 40 minutes.
Things to Do in Zip Code 78662
- Bastrop State Park: Lost Pines state park about 15 miles east with pine forest hiking trails, an 18-hole golf course, swimming pool, and camping.
- Buescher State Park: State park adjacent to Bastrop State Park with a 30-acre fishing lake, hiking trails, and camping in a post oak woodland setting.
- Deer and Dove Hunting: Private land hunting in the Red Rock area for white-tail deer, dove, turkey, and wild hog during fall and winter seasons.
- Lockhart Barbecue Trail: Kreuz Market, Smitty's, Black's, and Chisholm Trail BBQ in Lockhart, about 15 miles south, each with distinct smoking traditions.
- Bastrop River Walk: Paved trail along the Colorado River in Bastrop, about 15 miles east, with river views, fishing access, and connecting to Fisherman's Park.
Major Employers in Zip Code 78662
- Bastrop ISD (Education): Public school district in Bastrop with approximately 1,500 staff across multiple campuses, about 15 miles east.
- Tesla Gigafactory Texas (Manufacturing): Electric vehicle plant south of Austin, approximately 20 minutes northwest via SH-130, employing thousands.
- Bastrop County (Government): County government offices in Bastrop providing law enforcement, courts, and road maintenance.
- Hyatt Regency Lost Pines Resort (Hospitality): 491-room resort on 405 acres along the Colorado River near Cedar Creek in Bastrop County, employing several hundred hospitality workers.
Zip Code 78662 Schools
Students in 78662 attend either Bastrop ISD or Lockhart ISD depending on their location within the zip code.
School District: Bastrop ISD / Lockhart ISD
Public Schools
Bastrop Independent School District
Lockhart Independent School District
Smithville Independent School District
Pre-Schools
- Bastrop ISD Pre-K - Public pre-kindergarten program at select Bastrop ISD elementary campuses.
- Bastrop ISD Pre-K - Public pre-kindergarten program at Bastrop ISD campuses, approximately 15 miles northeast of Red Rock.
Private Schools
- Bastrop Christian Academy - Private school in Bastrop, approximately 15 miles east of Red Rock.
Frequently Asked Questions
Where is zip code 78662?
78662 covers Red Rock, Texas, a small community in Bastrop and Caldwell counties about 40 miles southeast of Austin along SH-20.
What do homes cost in 78662?
Properties on 5 to 30 acres range from $300K to $650K. Older in-town homes list from $150K to $300K. Raw land runs $8,000 to $16,000 per acre.
What school district is 78662 in?
78662 is split between Bastrop ISD and Lockhart ISD. Both districts have campuses within 15 to 20 minutes of Red Rock.
How far is Red Rock from Austin?
Red Rock is approximately 40 minutes from downtown Austin via SH-130. Bastrop is about 15 miles east, and Lockhart is about 15 miles south.
Is 78662 a good area for rural property?
Yes, 78662 offers affordable acreage at $8,000 to $16,000 per acre with SH-130 access to Austin. The area supports cattle ranching, hay production, and hunting leases.
