ZIP Code · TX

ZIP 78602

Part of Bastrop, TX

Pop. 38,190·Bastrop County·241st most expensive ZIP in Texas

Median rent (all units)

$1,723/mo

Year-over-Year

+0.3%

Month-over-Month

Stable

vs US Median

-$209

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 78602 · $1,723

More affordable than 56% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,400

1 BR

$1,490

2 BR

$1,760

3 BR

$2,240

4 BR+

$2,600

Research median

$1,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 78602 is 0.2% below its high of $1,727 in July 2025, at $1,723 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 78602 changed +0.3% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($89,968) is $2,249 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,240); a 4-bedroom is $2,600.

From Zillow's monthly rent index (ZORI) for ZIP 78602. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,676/yr

At $1,723/mo median

Location

CityBastrop

StateTX

CountyBastrop County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.3% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 78602 (Bastrop, TX) is majority owner-occupied, has a median income above the national average, 29.6% of residents hold a bachelor's degree or higher.

Population

38,190

Median income

$89,968

Median age

37.2

Renters

29.2%

Age distribution

22.3%

24.2%

26.4%

12.3%

14.8%

Under 1822.3%

18–3424.2%

35–5426.4%

55–6412.3%

65+14.8%

Gender

52.2%

47.8%

Male52.2%

Female47.8%

Race & ethnicity

66%

35.6%

White66%

Black5.7%

Hispanic35.6%

Asian1.2%

Education (25+)

12.6%

29.3%

28.5%

29.6%

No HS diploma12.6%

HS diploma29.3%

Some college28.5%

Bachelor's+29.6%

Housing tenure

70.8%

29.2%

Owner70.8%

Renter29.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 78602 in Bastrop, TX has changed in 5 years

Rent

$1,703 → $1,723

up 1.2%

Income

$81,101 → $89,968

up 10.9%

Population

32,646 → 38,190

up 17.0%

Renter share

25.1% → 29.2%

+4.1 pts

Bachelor's+

26.3% → 29.6%

+3.3 pts

Median age

41.2 → 37.2

-4.0 yrs

Since 2023, the typical rent in ZIP 78602 in Bastrop, TX has climbed from $1,703 to $1,723, a 1.2% change over five years. Local incomes tracked alongside that move, going from a median of $81,101 in 2021 to $89,968 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 17.0% since 2021, moving from about 32,646 residents to roughly 38,190. Renters now make up 29.2% of households, compared with 25.1% five years ago. College-educated residents now make up 29.6% of adults here, versus 26.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 78602 in Bastrop, TX market of 2023.

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About renting in ZIP 78602

Last updated: October 17, 2026

ZIP code 78602 covers Bastrop, TX. The median rent here is $1,723/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,760/mo.

At 23% of local median household income ($89,968/yr), ZIP 78602 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 78602?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,723/mo in ZIP 78602. The local median household income is $89,968/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 78602?

Rent in ZIP 78602 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.2% below its high of $1,727 in July 2025.

How does ZIP 78602 compare to other ZIPs in Texas?

ZIP 78602 is in the middle among Texas ZIP codes for rent, ranking #241 of 693 at $1,723/mo. Over the year to September 2026, rent in ZIP 78602 changed +0.3%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.