ZIP Code Market Report
78657 — Horseshoe Bay, TX
Data through February 2026 · Updated monthly
Avg Home Value
$644,676
▼ 1.7% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$679,334
Condo / Co-op
$487,026
The average home value in the 78657 ZIP code (Horseshoe Bay, TEXAS) is $644,676 as of February 2026. Home prices are declining, down 1.7% compared to last year.
A 3-bedroom home in 78657 is valued at $587,639. Single-family homes average $679,334, while condos average $487,026.
The market in 78657 has a $1,205,113 spread between bottom-tier homes at $323,207 and top-tier homes at $1,528,319. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Llano County market area in TEXAS. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Llano County report.
Free Home Value Estimate
What's your home worth in 78657 (Horseshoe Bay)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
78657 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $650,310 | $645,912 | $644,676 | ▼ 0.9% |
| Single Family Value | $675,566 | $677,547 | $679,334 | ▲ 0.6% |
Home Values
78657 Home Value Trend
Historical home values for ZIP code 78657. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 78657
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $332,647 |
| 3 Bedrooms | $587,639 |
| 4 Bedrooms | $1,255,383 |
Property Types
Home Values by Property Type in 78657
How different property types compare in this ZIP code.
All Homes
$644,676
Single Family
$679,334
Condo / Co-op
$487,026
Bottom Tier
$323,207
Top Tier
$1,528,319
Data Sources and Methodology
Home value data for ZIP code 78657 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Horseshoe Bay?
Run your ARV and MAO instantly with live market data