Affordable Homes Under $300K? Yes, In Bastrop!

By Judah Ross | Bastrop Real Estate Group

If you’ve been priced out of Austin, you’re not alone—but don’t give up on homeownership just yet. I’ve been researching the Bastrop County market and found over 100 homes currently listed under $300,000 across eight+ communities. That’s right: brand-new homes, charming cottages, and even homes on acreage—affordable, available, and ready for buyers like you.

Whether you’re a first-time buyer, looking to downsize, or just assumed buying a home was out of reach, I’ve got great news. With interest rates on some of these homes dipping into the 4% range, we’re seeing monthly payments under $2,000. Let me walk you through some of the best communities and deals available right now.

🌳 Val Verde – New Builds in Bastrop Proper

Val Verde is one of my favorite communities right now. Built by D.R. Horton, this development sits right off 969 and is close to Sandera/Pearl River, where exciting commercial projects are underway.

• Prices start in the low $260s

• Smart homes with full appliance packages

• Walkable, city utilities, and planned amenity centers

All homes are 3-bed, 2-bath with garages, and the build quality is high—city inspectors are onsite daily. D.R. Horton also offers frequent buyer incentives, and their construction pace is impressive.

🏘 Charming Cottages in Downtown Bastrop

You can still find homes under $300K right in downtown Bastrop. These are often older homes—many from the 1950s—some beautifully renovated, others perfect for a fixer-upper project.

• Example: 607 Magnolia – 2-bed, 1-bath, fully renovated for $295,000

• Example: Hill Street home – Cozy and updated with classic mid-century charm

If you want personality and walkability, downtown Bastrop is a great fit. Just be sure to get thorough inspections if you’re buying an older property.

🏡 Smithville – Small Town, Big Value

Smithville is growing fast, and the values here are incredible. While you’ll find fewer flipped homes than in Bastrop, there are still great opportunities:

• 302 Harris – 3-bed, 2-bath, 1,170 sq. ft. for $249,000

• Walkable homes near Main Street

Smithville offers a charming small-town feel with great investment potential. With around a dozen homes currently in this price range, it’s a hidden gem.

🌲 Lake Bastrop Acres & Camp Swift – Space & Affordability

If you’re looking for land and space, head north to Lake Bastrop Acres, Camp Swift, or even Lake Thunderbird. Many homes here are well-maintained manufactured homes on large lots.

• 206 Shadow Oak Dr – Over 2,100 sq. ft. on almost an acre for $240,000

• 5-bed, 3-bath options under $300K

• 1.8-acre properties as low as $210,000

While these may not have the curb appeal of brand-new builds, the value in space and land is unbeatable.

🏘 Trinity Ranch – New Builds in Elgin

Just 30 minutes north of Bastrop, Elgin offers fantastic affordability in a booming new-home market. Trinity Ranch, by Century and Trophy Homes, features:

• New builds under $290,000

• Modern 3-bed, 2-bath layouts

• Amenity centers and nearby schools coming soon

You’ll also find resales under $300K, and with easy access to Hwy 290, commuting is simple.

🛶 Bonus: Indian Lake & Lake Thunderbird

If you're seeking privacy and rural vibes, communities like Indian Lake and Lake Thunderbird offer surprisingly affordable homes on large tracts of land.

• 136 Cheyenne – 1,800 sq. ft. on 1.8 acres for $210,000

• 107 Chief – 0.75 acres for $250,000

While still developing, these communities offer big land at small prices—great for buyers wanting space to grow.

🎯 Final Thoughts: Now Is the Time to Buy

With buyer-friendly prices, builder incentives, and a healthy supply of sub-$300K homes, this is one of the best windows we've seen for affordable homeownership in years.

If you're ready to explore your options, call or text me at 512-998-1957. I'm Judah Ross, your Bastrop real estate guide, and I’d love to help you find the home (and deal) of your dreams.