Market Overview for Zip Code 78654
There are 186 active listings in Zip Code 78654 with a median list price of $586K and a median sold price of $384K.
Homes average 109 days on market.
Most homes that closed in the last 90 days sold in the $300K-$500K range (41% of 78 closings), taking a median 66 days to go under contract; 38% of closings were $500K or more.
Over the past 30 days, 22 homes have sold, with 276 sales in the past 12 months.
The average price per square foot is $418.
About Zip Code 78654
Zip code 78654 covers Marble Falls, a city of approximately 8,000 people in Burnet County, located about 50 miles northwest of downtown Austin in the Texas Hill Country. Marble Falls sits along US-281 at the point where the Colorado River widens into Lake Marble Falls, one of the constant-level Highland Lakes. The city takes its name from the marble ledge waterfalls that were submerged when Max Starcke Dam was completed in 1951. The Hill Country terrain features granite and limestone outcrops, live oak and cedar stands, and the Colorado River chain of lakes extending upstream through Lake LBJ and Inks Lake.
Real estate in 78654 encompasses Hill Country homes, lakefront properties, and rural ranch tracts. Established Marble Falls neighborhoods hold a mix of mid-century and updated homes, some with lake or Hill Country views. Waterfront homes sit on Lake Marble Falls and Lake LBJ, where lot size, dock configuration, and water depth vary widely. New construction is concentrated in subdivisions such as Lakeshore at Marble Falls and Horseshoe Bay West. Rural acreage tracts in the surrounding hills typically run 5 to 50 acres. The area also includes vacation rental properties and second homes popular with Austin-area residents.
Students in 78654 attend Marble Falls ISD, which serves 4,066 students (2025-26) across seven campuses. Highland Lakes Elementary, Colt Elementary, Marble Falls Elementary, and Spicewood Elementary cover pre-K through 5th grade. Marble Falls Middle School serves 6th through 8th grade, and Marble Falls High School covers 9th through 12th. The district also operates an alternative campus. Marble Falls High School fields UIL athletic programs including golf, tennis, and cross-country. Private school options in the area include Faith Academy of Marble Falls and Hill Country Christian School in nearby Burnet.
Marble Falls is approximately 50 minutes from downtown Austin via US-281 and SH-71, or via RM 1431 through Cedar Park. Burnet is about 15 miles north on US-281, and Horseshoe Bay is immediately adjacent to the west. The nearest major hospital is Baylor Scott & White Medical Center in Marble Falls. The city serves as a commercial hub for the Highland Lakes region, with H-E-B Plus, Walmart, Home Depot, and numerous restaurants along US-281. Marble Falls Economic Development Corporation has attracted employers to the area, and the city's tourism economy is driven by lake recreation, Hill Country events, and proximity to wineries and parks.
Living in Zip Code 78654
Marble Falls has a median household income of approximately $57,900 (ACS 2024 5-year), lower than the Austin metro average and reflective of a local economy built on services, tourism, and ranching. The median age is 35.5. Short-term vacation rentals are a notable part of the housing market.
Daily life in Marble Falls centers on the Highland Lakes and the city's expanding commercial district. Lake Marble Falls and Lake LBJ provide year-round boating, fishing for bass and catfish, swimming, and paddleboarding. The Marble Falls Riverwalk along the Colorado River has a paved trail, overlook points, and access to the lake shore. Main Street in downtown Marble Falls has shops and restaurants. Flat Creek Estate Winery, about 15 miles northeast, offers tastings and events. Longhorn Cavern State Park, roughly 10 miles north, provides guided cave tours through a natural formation carved from Ellenburger limestone. Inks Lake State Park, about 15 miles northwest, has swimming, camping, and a 9-hole golf course. The annual Walkway of Lights along the Riverwalk in December draws thousands of visitors with holiday displays. Lakeside Park in downtown has a public beach, boat ramp, and picnic areas.
Things to Do in Zip Code 78654
- Lake Marble Falls: Constant-level Highland Lake on the Colorado River with boating, fishing, swimming, and paddleboarding. Public access at Lakeside Park.
- Longhorn Cavern State Park: State park about 10 miles north offering guided tours through a natural limestone cavern carved over thousands of years.
- Marble Falls Riverwalk: Paved trail along the Colorado River with overlook points, lake shore access, and the annual Walkway of Lights holiday display.
- Inks Lake State Park: 1,200-acre state park 15 miles northwest with swimming, camping, hiking, a 9-hole golf course, and constant-level Inks Lake.
- Flat Creek Estate Winery: Texas Hill Country winery about 15 miles northeast of Marble Falls offering tastings, tours, and special events.
Major Employers in Zip Code 78654
- Baylor Scott & White Medical Center – Marble Falls (Healthcare): 46-bed acute-care hospital at 810 W Highway 71 in Marble Falls providing emergency, surgical, and specialty care.
- Marble Falls ISD (Education): Public school district with approximately 600 staff across seven campuses and district offices.
- City of Marble Falls (Government): Municipal government with police, fire, utilities, and parks departments serving the city and surrounding area.
- H-E-B (Retail): Texas grocery chain operating an H-E-B Plus on US-281 with approximately 250 employees.
- Horseshoe Bay Resort (Hospitality): Resort community immediately west of Marble Falls with three golf courses, a marina, and hotel employing several hundred workers.
Zip Code 78654 Schools
Marble Falls ISD serves 4,066 students (2025-26) across seven campuses in the Highland Lakes region.
School District: Marble Falls ISD
Public Schools
Pre-Schools
- Marble Falls ISD Pre-K - Public pre-kindergarten available at elementary campuses.
- Marble Falls Montessori - Private Montessori preschool in the Marble Falls area.
Private Schools
- Faith Academy of Marble Falls - Private Christian school in Marble Falls serving pre-K through 12th grade.
- Hill Country Christian School - Private school in Burnet, approximately 15 miles north of Marble Falls.
Frequently Asked Questions
Where is zip code 78654?
78654 covers Marble Falls, Texas, in Burnet County approximately 50 miles northwest of Austin in the Texas Hill Country along the Highland Lakes chain.
What do homes cost in 78654?
78654 spans in-town Marble Falls homes, waterfront property on Lake Marble Falls and Lake LBJ, new subdivisions, and rural acreage. Current listings, the median price, and days on market are shown on the Market Overview tab.
Does Marble Falls have lake access?
Yes, Lake Marble Falls is a constant-level Highland Lake with public access at Lakeside Park, a boat ramp, and numerous waterfront properties. Lake LBJ is also accessible nearby.
What school district is 78654 in?
78654 is served by Marble Falls ISD, a district of 4,066 students (2025-26) with elementary, middle, and high school campuses.
How far is Marble Falls from Austin?
Marble Falls is approximately 50 minutes from downtown Austin via US-281 and SH-71. Cedar Park is about 30 minutes southeast via RM 1431.
