Market Overview for Zip Code 78654
There are 202 active listings in Zip Code 78654 with a median list price of $525K and a median sold price of $340K.
Homes average 88 days on market.
Over the past 30 days, 15 homes have sold, with 259 sales in the past 12 months.
The average price per square foot is $386.
About Zip Code 78654
Zip code 78654 covers Marble Falls, a city of approximately 8,000 people in Burnet County, located about 50 miles northwest of downtown Austin in the Texas Hill Country. Marble Falls sits along US-281 at the point where the Colorado River widens into Lake Marble Falls, one of the constant-level Highland Lakes. The city takes its name from the marble ledge waterfalls that were submerged when Max Starcke Dam was completed in 1951. The Hill Country terrain features granite and limestone outcrops, live oak and cedar stands, and the Colorado River chain of lakes extending upstream through Lake LBJ and Inks Lake.
Real estate in 78654 encompasses Hill Country homes, lakefront properties, and rural ranch tracts. Homes in established Marble Falls neighborhoods list from $275K for three-bedroom houses to $550K for updated properties with views. Waterfront homes on Lake Marble Falls and Lake LBJ range from $600K to well over $2 million depending on lot size, dock configuration, and water depth. New construction in subdivisions such as The Hollows, Lakeshore at Marble Falls, and Horseshoe Bay West ranges from $350K to $700K. Rural acreage tracts of 5 to 50 acres in the surrounding hills list from $400K to over $1 million. The area also includes vacation rental properties and second homes popular with Austin-area residents.
Students in 78654 attend Marble Falls ISD, which serves approximately 4,500 students across five campuses. Highland Lakes Elementary and Colt Elementary cover pre-K through 5th grade. Marble Falls Middle School serves 6th through 8th grade, and Marble Falls High School covers 9th through 12th. The district also operates an alternative campus. Marble Falls High School competes in UIL 4A athletics and has strong programs in golf, tennis, and cross-country suited to the Hill Country terrain. Private school options in the area include Faith Academy of Marble Falls and Hill Country Christian School in nearby Burnet.
Marble Falls is approximately 50 minutes from downtown Austin via US-281 and SH-71, or via RM 1431 through Cedar Park. Burnet is about 15 miles north on US-281, and Horseshoe Bay is immediately adjacent to the west. The nearest major hospital is Baylor Scott & White Medical Center in Marble Falls. The city serves as a commercial hub for the Highland Lakes region, with H-E-B Plus, Walmart, Home Depot, and numerous restaurants along US-281. Marble Falls Economic Development Corporation has attracted employers to the area, and the city's tourism economy is driven by lake recreation, Hill Country events, and proximity to wineries and parks.
Living in Zip Code 78654
Marble Falls has a mixed population of retirees, second-home owners, tourism-industry workers, and families with roots in the ranching economy. Median household income is approximately $55,000, lower than the Austin metro average but reflective of the service and tourism-based local economy. The city has a higher median age than the Austin area, with a significant population of retirees choosing the Highland Lakes for its climate and outdoor recreation. Homeownership rates vary, with higher rates among permanent residents and lower rates in the tourism and service workforce. Short-term vacation rentals are a notable part of the housing market.
Daily life in Marble Falls centers on the Highland Lakes and the city's expanding commercial district. Lake Marble Falls and Lake LBJ provide year-round boating, fishing for bass and catfish, swimming, and paddleboarding. The Marble Falls Riverwalk along the Colorado River has a paved trail, overlook points, and access to the lake shore. Main Street in downtown Marble Falls has shops, restaurants, and the Hill Country Galleria event space. Flat Creek Estate Winery, about 15 miles northeast, offers tastings and events. Longhorn Cavern State Park, roughly 10 miles north, provides guided cave tours through a natural formation carved from Ellenburger limestone. Inks Lake State Park, about 15 miles northwest, has swimming, camping, and a 9-hole golf course. The annual Walkway of Lights along the Riverwalk in December draws thousands of visitors with holiday displays. Lakeside Park in downtown has a public beach, boat ramp, and picnic areas.
Things to Do in Zip Code 78654
- Lake Marble Falls: Constant-level Highland Lake on the Colorado River with boating, fishing, swimming, and paddleboarding. Public access at Lakeside Park.
- Longhorn Cavern State Park: State park about 10 miles north offering guided tours through a natural limestone cavern carved over thousands of years.
- Marble Falls Riverwalk: Paved trail along the Colorado River with overlook points, lake shore access, and the annual Walkway of Lights holiday display.
- Inks Lake State Park: 1,200-acre state park 15 miles northwest with swimming, camping, hiking, a 9-hole golf course, and constant-level Inks Lake.
- Flat Creek Estate Winery: Texas Hill Country winery about 15 miles northeast of Marble Falls offering tastings, tours, and special events.
Major Employers in Zip Code 78654
- Baylor Scott & White Medical Center (Healthcare): Full-service hospital on US-281 in Marble Falls providing emergency, surgical, and specialty care with several hundred employees.
- Marble Falls ISD (Education): Public school district with approximately 600 staff across five campuses and district offices.
- City of Marble Falls (Government): Municipal government with police, fire, utilities, and parks departments serving the city and surrounding area.
- H-E-B (Retail): Texas grocery chain operating an H-E-B Plus on US-281 with approximately 250 employees.
- Horseshoe Bay Resort (Hospitality): Resort community immediately west of Marble Falls with three golf courses, a marina, and hotel employing several hundred workers.
Zip Code 78654 Schools
Marble Falls ISD serves approximately 4,500 students across five campuses in the Highland Lakes region.
School District: Marble Falls ISD
Public Schools
- Highland Lakes Elementary - Pre-K through 5th grade campus in central Marble Falls.
- Colt Elementary - Pre-K through 5th grade campus serving the western portion of the district.
- Marble Falls Middle School - 6th through 8th grade campus.
- Marble Falls High School - 9th through 12th grade with UIL 4A athletics and competitive golf, tennis, and cross-country programs.
Pre-Schools
- Marble Falls ISD Pre-K - Public pre-kindergarten available at elementary campuses.
- Marble Falls Montessori - Private Montessori preschool in the Marble Falls area.
Private Schools
- Faith Academy of Marble Falls - Private Christian school in Marble Falls serving pre-K through 12th grade.
- Hill Country Christian School - Private school in Burnet, approximately 15 miles north of Marble Falls.
Frequently Asked Questions
Where is zip code 78654?
78654 covers Marble Falls, Texas, in Burnet County approximately 50 miles northwest of Austin in the Texas Hill Country along the Highland Lakes chain.
What do homes cost in 78654?
Non-waterfront homes range from $275K to $550K. Lakefront properties on Lake Marble Falls and Lake LBJ list from $600K to over $2 million. New construction runs $350K to $700K.
Does Marble Falls have lake access?
Yes, Lake Marble Falls is a constant-level Highland Lake with public access at Lakeside Park, a boat ramp, and numerous waterfront properties. Lake LBJ is also accessible nearby.
What school district is 78654 in?
78654 is served by Marble Falls ISD, a district of approximately 4,500 students with elementary, middle, and high school campuses.
How far is Marble Falls from Austin?
Marble Falls is approximately 50 minutes from downtown Austin via US-281 and SH-71. Cedar Park is about 30 minutes southeast via RM 1431.
