Market Overview for Zip Code 78640
There are 505 active listings in Zip Code 78640 with a median list price of $339K and a median sold price of $307K.
Homes average 85 days on market.
Over the past 30 days, 113 homes have sold, with 1435 sales in the past 12 months.
The average price per square foot is $187.
About Zip Code 78640
Zip code 78640 covers Kyle, one of the fastest-growing cities in the United States, located in Hays County approximately 20 miles south of downtown Austin along Interstate 35. Kyle's population surged from about 5,300 in 2000 to over 65,000 as of recent estimates, making it the largest city in Hays County. The city spans both sides of I-35 and extends west toward the Blanco River and east toward SH-21 and Plum Creek. The landscape is transitional, with flat Blackland Prairie in the eastern portions and gradually rolling terrain to the west approaching the Edwards Plateau. Kyle incorporated in 1928 and historically served as a railroad and farming community before the Austin metro expansion transformed it into a bedroom community.
Real estate in 78640 is dominated by master-planned subdivisions offering new construction at prices below the Austin city average. Major communities include Plum Creek, Waterleaf, Kensington Trails, Trace, and Sunfield. Prices for new single-family homes typically range from $250K for compact three-bedroom plans to $500K for premium lots with four to five bedrooms. Older homes near Kyle's original downtown on Center Street range from $200K to $350K. Townhomes and duplexes have also entered the market, starting around $220K. The eastern portion of the zip code includes some larger acreage properties priced from $400K to $800K on five to twenty acre tracts.
Students in 78640 primarily attend Hays Consolidated Independent School District, commonly known as Hays CISD, which serves approximately 21,000 students across the Kyle and Buda area. Elementary schools in the zip code include Negley, Tobias, Fuentes, and Elm Grove. Jack C. Hays High School and Lehman High School are the two main high schools. Hays CISD competes in UIL 6A athletics and offers career and technical education pathways in fields including healthcare, information technology, and construction trades. The district partners with Austin Community College for dual-credit programs. Private school options in the area include Camino Real Academy and Faith Academy of Marble Falls, both requiring a commute.
Kyle's I-35 location provides direct highway access to downtown Austin in 20 to 35 minutes depending on traffic, San Marcos in about 10 minutes, and Austin-Bergstrom International Airport in approximately 25 minutes via SH-130 toll road. The Kyle Crossing and Kyle Town Centre shopping areas along I-35 include H-E-B Plus, Target, Costco, Kohl's, and numerous chain restaurants. The Capital Metro commuter rail (MetroRail) does not extend to Kyle, though Hays County is part of ongoing regional transit planning discussions. Medical services are available at Ascension Seton Hays hospital in Kyle and at Baylor Scott and White clinics in the area.
