Market Overview for Lake Forest
There are 2 active listings in Lake Forest with a median list price of $612K and a median sold price of $765K.
Homes average 35 days on market.
Over the past 30 days, 1 homes have sold, with 7 sales in the past 12 months.
The average price per square foot is $182.
About Lake Forest
Lake Forest is an established residential neighborhood in Round Rock, Texas, located near the intersection of Interstate 35 and FM 1431 (University Boulevard) in the northern part of the Austin metro. The community sits in a well-connected area of Round Rock with easy access to major highways, retail centers, and the employment corridors that have made Round Rock one of Central Texas's fastest-growing cities.
Homes in Lake Forest were built primarily in the 1990s and early 2000s, with prices typically ranging from $300,000 to $475,000. The housing stock includes single-family homes with traditional Texas suburban architecture — brick and stone exteriors, covered porches, and two-car garages on well-maintained lots. The neighborhood's mature landscaping and established tree canopy give it a settled character compared to newer Round Rock developments.
Lake Forest is served by Round Rock Independent School District (Round Rock ISD), one of the high-graduation-rate school districts in Central Texas. Students typically attend Round Rock ISD campuses known for strong academics and comprehensive extracurricular programs.
Interstate 35 provides direct access to Dell Technologies headquarters in Round Rock (5-10 minutes), downtown Austin (25-30 minutes), and the growing tech corridor along I-35 between Round Rock and Georgetown. The Round Rock Premium Outlets, IKEA, and Bass Pro Shops are nearby, and Old Settlers Park is a short drive away for recreation.
Living in Lake Forest
Lake Forest offers established Round Rock living with homes in the $300K-$475K range — an affordable option for buyers seeking Round Rock ISD schools and proximity to major I-35 corridor employers. The 1990s-2000s homes are well-built with mature landscaping, providing the settled feel that newer construction cannot replicate.
The I-35 location puts Dell Technologies minutes away, downtown Austin within 25-30 minutes, and the rapidly growing Georgetown corridor within easy reach to the north. Round Rock's retail infrastructure is strong, with the Premium Outlets, La Frontera, and University Boulevard shopping all nearby. Residents benefit from Round Rock's lower property tax rate compared to Austin and the city's parks, recreation centers, and community events.
Things to Do in Lake Forest
- Old Settlers Park: 570-acre Round Rock city park with sports fields, a lake for fishing, playgrounds, walking trails, and the amphitheater hosting community events.
- Round Rock Premium Outlets: Major outlet shopping center on I-35 with 125+ brand-name stores.
- Kalahari Resorts & Conventions: America's largest indoor waterpark resort with dining, entertainment, and spa, located in Round Rock.
- Round Rock Express Baseball: Triple-A minor league baseball at Dell Diamond, hosting games and events from April through September.
- Downtown Round Rock: Historic Main Street district with local restaurants, live music venues, and the well-known Round Rock Donuts.
Major Employers in Lake Forest
- Dell Technologies (Technology): Global headquarters in Round Rock, 5-10 minutes north on I-35
- Round Rock ISD (Education): One of the area's largest employers with campuses throughout Round Rock
- Baylor Scott & White - Round Rock (Healthcare): Major medical center on University Boulevard
- Emerson Automation Solutions (Technology & Manufacturing): Round Rock operations center nearby
- Kalahari Resorts (Hospitality): America's largest indoor waterpark resort, located in Round Rock
Lake Forest Schools
Lake Forest is served by Round Rock ISD. Students typically attend Blackland Prairie Elementary for elementary school, Ridgeview Middle School for middle school, and Cedar Ridge High School or Stony Point High School for high school.
School District: Round Rock ISD
Public Schools
- Blackland Prairie Elementary
- Ridgeview Middle
- Cedar Ridge High School
Private Schools
- Round Rock Christian Academy - Private school serving the Round Rock area
Higher Education
- Austin Community College - Round Rock - ACC campus on University Boulevard providing two-year degrees and workforce training
- Texas State University - Round Rock - Texas State satellite campus offering upper-division and graduate programs
Frequently Asked Questions
Where is Lake Forest in the Austin area?
Lake Forest is an established neighborhood in Round Rock, Texas, located near I-35 and FM 1431 (University Boulevard). It is in the northern Austin metro with easy access to Round Rock employers and downtown Austin.
How much do homes cost in Lake Forest?
Homes in Lake Forest typically range from $300,000 to $475,000. The neighborhood features 1990s-2000s single-family homes with brick and stone exteriors on well-maintained lots.
What school district is Lake Forest in?
Lake Forest is served by Round Rock ISD, one of the high-graduation-rate districts in Central Texas. Students attend Round Rock ISD schools through Stony Point High School.
How far is Lake Forest from downtown Austin?
Lake Forest is approximately 25-30 minutes from downtown Austin via I-35. Dell Technologies headquarters in Round Rock is 5-10 minutes north.
What are the community features of Lake Forest?
Lake Forest is valued for its Round Rock ISD schools, established homes with mature landscaping, and proximity to parks including Old Settlers Park. The neighborhood's $300K-$475K price range offers strong value for the area.
What recreation is near Lake Forest?
Nearby recreation includes the 570-acre Old Settlers Park, Round Rock Express baseball at Dell Diamond, Kalahari Resorts waterpark, and the historic downtown Round Rock dining and entertainment district.