Bastrop: Mortgage Rates and Buying Power in August

What does a 7.28% mortgage rate mean for a buyer in Bastrop today? With the median home price at $376,990 across 51 closed sales in August, the monthly principal and interest payment on a standard loan with 20% down is approximately $2,064. This figure represents the baseline cost of financing before any lender incentives are applied. ALEX Intelligence modeled the impact of common buydown structures to show how buyers can temporarily reduce their monthly burden. A 3-2-1 buydown, which costs a median of $14,028 (3.72% of the sale price), would lower the interest rate in the first year, reducing the monthly payment by $575 compared to the standard rate. In the second year, the rate adjusts, offering a $393 monthly savings, before settling in the third year with a $201 monthly reduction. Alternatively, a 2-1 buydown costs $7,128 (1.89% of the sale price) and provides a lower rate for the first year and second year. These scenarios demonstrate that while current rates are elevated compared to historical averages, strategic use of buydowns can improve immediate affordability for qualified buyers in the $376,990 median price range. The data reflects a market where 15.9% more homes sold this August than last year, even as prices dipped 3.8% from the same period in 2025. Buyers should note that these buydown costs are paid upfront by the seller or buyer and do not reduce the loan principal. The analysis assumes a standard 30-year fixed term and does not include taxes, insurance, or HOA fees. This week's 5 best values under $1,000,000, ranked by the ALEX deal score: 1. 326 Pine View LOOP, Bastrop TX 78602 · MLS #3414913 Listed at $389,999, 4 bed, 3 bath, 2,450 sq ft. Listed 17% below the ALEX valuation; 17% under the local price per sq ft; price reduced 22% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1175044123/326-Pine-View-LOOP-Bastrop-TX 2. 539 Colovista PKWY # C103, Bastrop TX 78602 · MLS #5733978 Listed at $255,000, 2 bed, 2 bath, 1,486 sq ft. Listed 17% below the ALEX valuation; 11% under the local price per sq ft; price reduced 22% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1160376351/539-Colovista-PKWY-C103-Bastrop-TX 3. 117 Badillo WAY, Bastrop TX 78602 · MLS #9580184 Listed at $270,000, 4 bed, 2 bath, 1,668 sq ft. Listed 15% below the ALEX valuation; 16% under the local price per sq ft; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1175754822/117-Badillo-WAY-Bastrop-TX 4. 122 N Pohakea DR, Bastrop TX 78602 · MLS #7916609 Listed at $375,000, 4 bed, 2 bath, 2,014 sq ft. Listed 13% below the ALEX valuation; 10% under the local price per sq ft; price reduced 16% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1168921661/122-N-Pohakea-DR-Bastrop-TX 5. 190 Frontera DR, Bastrop TX 78602 · MLS #3485264 Listed at $377,590, 3 bed, 3 bath, 2,326 sq ft. Listed 11% below the ALEX valuation; 15% under the local price per sq ft; price reduced 17% from original. See it on alex.realestate: https://www.alex.realestate/listing-detail/1176305478/190-Frontera-DR-Bastrop-TX Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Director, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951