Real estate
BY BROOKE SJOBERG
New homes underway in Bastrop ISD
Looking ahead
New growth is concentrated in the Colony Oaks, Emile, Bluebonnet and Mina elementary school attendance zones, Gardiner said. When it comes to the response of developers to changes in the local housing market, Gardiner said lowered occupancy rates in multifamily have led property managers to lower or discount rents. Single family home developers have also begun to offer more concessions to buyers, he said.
New housing developments are underway across Bastrop ISD, according to a new report from the district’s demographic firm, Zonda Education. Zonda consultant Rocky Gardiner told trustees in May that 31 subdivisions are being built, with 18 more planned. As of April, groundwork had begun on over 1,470 lots across eight subdivisions, and more than 4,800 vacant lots are ready for development. He said the growth includes multifamily housing, with 250 units—82 of them duplex rentals—under construction and 2,000 more in planning stages. Gardiner noted that home prices for both new and existing properties doubled between 2014 and 2024, even as sales dipped in recent years. Still, Zonda consultants recently reported an uptick in new home starts and expect sales to rebound.
Both single and multifamily housing developments are bringing thousands of new homes to the area. New builds
1 The Colony 2 Valverde by D.R. Horton 3 Adelton 4 Camp Swift Estates
5 Silverleaf by
Taylor Morrison
6 Della Oasis 7 Stoic Falcon Subdivision 8 Los Milagros
4
969
Home sales in Bastrop ISD
95
71
1,000 1,500 2,000 2,500
5
1
Bastrop
21
2
6
7
71
3
21
8
0 500
Cedar Creek
304
20
N
SOURCE: BASTROP ISD, ZONDA EDUCATION/COMMUNITY IMPACT
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