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Market Overview for Falconwood

There are 1 active listings in Falconwood with a median list price of $730K.

The average price per square foot is $278.

About Falconwood

Falcon Wood is a residential neighborhood in the greater Austin metro area, situated in the San Marcos area within the 78666 zip code in Hays County. The neighborhood is positioned along the I-35, SH 123, Ranch Road 12 corridor and Wonder World Drive, approximately 45-55 minutes via I-35 from downtown Austin. Falcon Wood is part of the broader San Marcos area residential landscape that has seen ongoing development and population growth as the Austin metropolitan area continues to expand outward from the city core into surrounding communities.

Homes in Falcon Wood are primarily single-family residences that reflect the development patterns typical of Hays County communities in the San Marcos area. The neighborhood offers housing options ranging from newer construction to established homes, depending on the section and phase of development. Properties in this part of Hays County generally sit on standard suburban lot sizes, with some sections featuring larger homesites. Nearby amenities include H-E-B, Walmart, ALDI, along with restaurants and retail along San Marcos Square and Aquarena Springs Drive.

Falcon Wood is served by San Marcos CISD. Students in the neighborhood typically attend Hernandez for elementary grades, Miller for middle school, and San Marcos for high school. San Marcos CISD operates multiple campuses across the San Marcos area region and has maintained consistent enrollment growth in recent years.

Falcon Wood residents benefit from proximity to San Marcos River Park and Purgatory Creek Natural Area for outdoor recreation, as well as commercial areas along San Marcos Square for shopping and dining. The commute to downtown Austin from Falcon Wood is 45-55 minutes via I-35, primarily via I-35 or SH 123. Major employers accessible from the neighborhood include Texas State University and San Marcos CISD, both within a reasonable commuting distance. Grocery shopping is available at nearby H-E-B and Walmart locations. The San Marcos area continues to attract new residents drawn to the combination of residential settings, San Marcos CISD schools, and convenient access to Austin's major employment centers and entertainment districts.

Living in Falconwood

Falcon Wood provides a residential setting in the San Marcos area of Hays County with access to local amenities, schools, and parks. The San Marcos area location offers proximity to both suburban conveniences and Austin's urban core. Nearby grocery options include H-E-B, Walmart, ALDI, and dining options are available along San Marcos Square and Aquarena Springs Drive. San Marcos CISD serves the area, with students attending Hernandez, Miller, and San Marcos.

The commute to downtown Austin from Falcon Wood is 45-55 minutes via I-35, primarily using I-35 or SH 123. Residents have access to outdoor recreation at San Marcos River Park and Purgatory Creek Natural Area, and the broader San Marcos area offers additional parks, trails, and green spaces for residents and outdoor enthusiasts. The neighborhood is part of the San Marcos area growth corridor that has seen continued residential development, retail expansion, and infrastructure investment as the Austin metro's population has grown. New commercial services, dining options, and recreational amenities continue to open along major corridors serving the San Marcos area community and its surrounding neighborhoods.

Things to Do in Falconwood

• San Marcos River: Crystal-clear spring-fed river popular for tubing, kayaking, and swimming with multiple outfitters and public access points.
• Tanger Outlets San Marcos: Large outlet shopping center at I-35 with over 100 brand-name stores and restaurants.
• Wonder World Cave & Adventure Park: Show cave formed by an earthquake fault with guided tours, observation tower, and wildlife park.
• Meadows Center at Spring Lake: Glass-bottom boat tours over the headwaters of the San Marcos River with aquatic education center.

Major Employers in Falconwood

• Texas State University (Education): Public university with approximately 44,596 students (fall 2025) and more than 1,700 full-time faculty and 2,300 full-time staff. The facility serves the San Marcos area community and surrounding areas.
• San Marcos CISD (Education): School district serving San Marcos with multiple campuses. The facility serves the San Marcos area community and surrounding areas.
• Tanger Outlets (Retail): Major outlet shopping center employing hundreds in retail and food service.
• Christus Santa Rosa Hospital San Marcos (Healthcare): Full-service hospital serving the San Marcos and Hays County community. The facility serves the San Marcos area community and surrounding areas.

Falconwood Schools

Falcon Wood is served by San Marcos ISD. Students typically attend Hernandez Elementary or Crockett Elementary for elementary school, Doris Miller Middle School for middle school, and San Marcos High School for high school.

School District: San Marcos ISD

Public Schools

Pre-Schools

• Kids R Kids Oak Hill - Childcare and preschool center on US 290 West offering programs for ages 6 weeks through 12 years.
• Country Home Learning Center - Oak Hill - Early childhood center near the Y at Oak Hill serving infants through pre-K with play-based and structured learning.

Private Schools

• The Waldorf School of Austin - Independent school on Taft Lane in southwest Austin serving pre-K through 8 with Waldorf-method arts-integrated curriculum.
• Regents School of Austin - Classical Christian school on an 82-acre campus at 3230 Travis Country Circle in southwest Austin, serving kindergarten through 12th grade with approximately 1,100 students.

Higher Education

• Austin Community College - South Austin Campus - Two-year community college campus on Stassney Lane approximately 8 miles east, offering associate degrees and workforce certifications.

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