Woodway, TX—76712
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodway, TX
As of Oct '25, the median home price in Woodway, TX is $346,000, with a year-over-year change of -0.9%. This indicates that home prices in Woodway, TX are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | -0.9% |
| Single Family | $348,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -3.0% |
3 Bed | $293,000 | -1.3% |
4 Bed | $429,000 | 0.0% |
| 5 Bed | $570,000 | 0.4% |
% of Housing Stock
Rental Trends — Woodway, TX
As of July '25, Rentcast reports the average rent in Woodway, TX is $1,760, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Woodway, TX is studios: $1,390, 1-bedrooms: $1,100, 2-bedrooms: $1,250, 3-bedrooms: $2,030, 4-bedrooms: $2,950. The most common rental property sizes in Woodway, TX are 3-bedroom and 2-bedroom, accounting for 38.4% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | $885 | $1,390 |
| 1 Bed Rent | $995 | $1,100 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $2,000 | $2,030 |
| 4 Bed Rent | $2,850 | $2,950 |
% of Rental Stock
Property Listings — Woodway, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Woodway, TX is 92. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -1.0% |
Listing Count | 203 | 27.0% |
| Listings as % of Homes | 1.0% | 27.0% |
Days on Market | 92 | 17.0% |
Demographics — Woodway, TX
As of the latest ACS Survey released in 2023, Woodway, TX has a population of 28,700, which has increased by 12.6% over the past 5 years. Woodway, TX is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 48.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 12.6% |
% Under 18 | 25.6% | 3.2% |
% Seniors | 21.2% | 7.6% |
% WFH | 11.4% | 178.0% |
% w/ College Degree | 48.7% | 10.4% |
As of the latest ACS Survey released in 2023, Woodway, TX is a predominantly white area, with 71.9% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Woodway, TX is hispanic, making up 14.0% of the population. Foreign-born residents account for 5.0% of the population in Woodway, TX, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.9% | 1.0% |
% Black | 7.5% | -20.2% |
% Hispanic | 14.0% | -6.7% |
% Asian | 2.5% | -13.8% |
% Foreign Born | 5.0% | -16.7% |
Mortgage and Risk — Woodway, TX
According to HUD data as of 2023, there were 337 mortgage originations in Woodway, TX, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Woodway, TX. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Woodway, TX
As of 2024, the percent of homes in Woodway, TX under the Section 8 program is 1.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Woodway, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $995 | $1,290 |
| 2 Bedroom | $410 | $1,200 | $1,610 |
| 3 Bedroom | $80 | $2,000 | $2,080 |
| 4 Bedroom | -$720 | $2,850 | $2,130 |
Affordability — Woodway, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $346,000 |
| Median Household Income | $96,300 |