Real Estate Investing in Bastrop, Texas (78612)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78612 (Bastrop, TX)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bastrop, TX (78612)?
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Market Analysis: 78612 Bastrop
Not every below-median market is a bargain. Bastrop's 78612 ZIP stands at signals that favor experienced operators who can absorb the risk $426K pricing implies.
Rent of $1,584/mo on a $426K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 78612 sits below the stated 0.0% once reality is priced in.
Regionally, 78612 sits on the difficult end of the TX spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 78612 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 78612 is an operator game, not a passive one. Turning to rents, entry prices of $426K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bastrop:
Property Strategy for 78612
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $356,933 | $1,760 | 3.6% | +7.1% | $178,466 |
| 3BR | $405,086 | $2,240 | 4.0% | +8.4% | $135,029 |
| 4BR | $525,801 | $2,600 | 3.6% | +8.0% | $131,450 |
Market Trends
Home Value History (with trend line)
📊 How Does 78612 Compare?
| Metric | 78612 | Bastrop | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $425,640 | $389,290 | N/A | $297,000 |
| 5-Year CAGR | 2.6% | 2.1% | N/A | 5.4% |
| Avg Rent | $1,584 | $1,710 | N/A | - |
| Cap Rate | 2.9% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78612 (Bastrop, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $425,640 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 78612
Population: 19,830
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 78612
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Does Bastrop, TX favor landlords or tenants?
Rental owners in Bastrop, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Bastrop, TX?
Tenant demand in Bastrop, TX is solid. The local workforce $1,584/mo rents across most rental classes.
What are home prices like in Bastrop, TX?
The median home value in Bastrop, TX is roughly $426K. That puts it reasonable relative to the TX statewide average.
Is Bastrop, TX suited for a house hack?
For house hackers, Bastrop, TX is a challenging. The $1,584/mo rent on a unit helps defray the mortgage on a $426K property.
Is Bastrop, TX better for rentals, flips, or BRRRR?
For Bastrop, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 78612 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78612 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 78612 ranks in Austin-Round Rock-Georgetown, TX
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