El Lago, TX—77586
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — El Lago, TX
As of Oct '25, the median home price in El Lago, TX is $340,000, with a year-over-year change of -3.6%. This indicates that home prices in El Lago, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | -3.6% |
| Single Family | $347,000 | -3.6% |
| Condos | $139,000 | -9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | -10.7% |
2 Bed | $187,000 | -5.6% |
3 Bed | $306,000 | -3.5% |
4 Bed | $374,000 | -3.9% |
| 5 Bed | $443,000 | -3.5% |
% of Housing Stock
Rental Trends — El Lago, TX
As of July '25, Rentcast reports the average rent in El Lago, TX is $2,140, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in El Lago, TX is studios: $1,160, 1-bedrooms: $1,260, 2-bedrooms: $1,800, 3-bedrooms: $2,460, 4-bedrooms: $3,220. The most common rental property sizes in El Lago, TX are 2-bedroom and 1-bedroom, accounting for 37.8% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,140 |
| Studio Rent | $1,160 | $1,160 |
| 1 Bed Rent | $1,300 | $1,260 |
| 2 Bed Rent | $1,600 | $1,800 |
| 3 Bed Rent | $2,400 | $2,460 |
| 4 Bed Rent | $2,900 | $3,220 |
% of Rental Stock
Property Listings — El Lago, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in El Lago, TX is 65. This is a increase of 4.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 2.0% |
Listing Count | 206 | 6.0% |
| Listings as % of Homes | 1.3% | 6.0% |
Days on Market | 65 | 4.0% |
Demographics — El Lago, TX
As of the latest ACS Survey released in 2023, El Lago, TX has a population of 24,000, which has increased by 6.6% over the past 5 years. El Lago, TX is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 6.6% |
% Under 18 | 22.0% | 0.5% |
% Seniors | 18.3% | 45.2% |
% WFH | 12.4% | 100.0% |
% w/ College Degree | 43.8% | -1.1% |
As of the latest ACS Survey released in 2023, El Lago, TX is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in El Lago, TX is hispanic, making up 19.4% of the population. Foreign-born residents account for 10.3% of the population in El Lago, TX, and this percentage has increased by 13.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.2% | -6.9% |
% Black | 3.6% | -28.0% |
% Hispanic | 19.4% | 13.5% |
% Asian | 5.2% | 136.4% |
% Foreign Born | 10.3% | 13.2% |
Mortgage and Risk — El Lago, TX
According to HUD data as of 2023, there were 319 mortgage originations in El Lago, TX, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in El Lago, TX. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — El Lago, TX
As of 2024, the percent of homes in El Lago, TX under the Section 8 program is 0.5%. 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 units appear to be good home sizes to consider for Section 8 housing in El Lago, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,300 | $1,430 |
| 2 Bedroom | $110 | $1,600 | $1,710 |
| 3 Bedroom | -$120 | $2,400 | $2,280 |
| 4 Bedroom | -$30 | $2,900 | $2,870 |
Affordability — El Lago, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $340,000 |
| Median Household Income | $115,000 |