Canyon Lake, TX—78070
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Canyon Lake, TX
Home Price Trends — Canyon Lake, TX
As of Oct '25, the median home price in Canyon Lake, TX is $575,000, with a year-over-year change of -0.8%. This indicates that home prices in Canyon Lake, TX are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $575,000 | -0.8% |
| Single Family | $576,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $262,000 | -2.6% |
3 Bed | $463,000 | -0.9% |
4 Bed | $704,000 | -0.6% |
| 5 Bed | $873,000 | -0.1% |
% of Housing Stock
Rental Trends — Canyon Lake, TX
As of July '25, Rentcast reports the average rent in Canyon Lake, TX is $1,960, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Canyon Lake, TX is 1-bedrooms: $1,330, 2-bedrooms: $1,560, 3-bedrooms: $2,110, 4-bedrooms: $3,580. The most common rental property sizes in Canyon Lake, TX are 1-bedroom and 2-bedroom, accounting for 32.4% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,330 |
| 2 Bed Rent | $1,550 | $1,560 |
| 3 Bed Rent | $1,950 | $2,110 |
| 4 Bed Rent | $3,000 | $3,580 |
% of Rental Stock
Property Listings — Canyon Lake, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Canyon Lake, TX is 86. This is a increase of 8.0% 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 | $650,000 | 3.0% |
Listing Count | 258 | 6.0% |
| Listings as % of Homes | 1.9% | 6.0% |
Days on Market | 86 | 8.0% |
Demographics — Canyon Lake, TX
As of the latest ACS Survey released in 2023, Canyon Lake, TX has a population of 19,800, which has increased by 22.1% over the past 5 years. Canyon Lake, TX is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 40.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,800 | 22.1% |
% Under 18 | 20.9% | 3.0% |
% Seniors | 20.8% | 7.8% |
% WFH | 17.5% | 108.3% |
% w/ College Degree | 40.8% | 30.4% |
As of the latest ACS Survey released in 2023, Canyon Lake, TX is a predominantly white area, with 70.4% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Canyon Lake, TX is hispanic, making up 22.1% of the population. Foreign-born residents account for 5.9% of the population in Canyon Lake, TX, and this percentage has increased by 37.2% 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 | 70.4% | -5.8% |
% Black | 2.7% | 200.0% |
% Hispanic | 22.1% | -1.8% |
% Asian | 0.7% | ∞% |
% Foreign Born | 5.9% | 37.2% |
Mortgage and Risk — Canyon Lake, TX
According to HUD data as of 2023, there were 757 mortgage originations in Canyon Lake, TX, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Canyon Lake, TX. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 757 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Canyon Lake, TX
Canyon Lake, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,400 | $1,300 |
| 2 Bedroom | $40 | $1,550 | $1,590 |
| 3 Bedroom | $70 | $1,950 | $2,020 |
| 4 Bedroom | -$630 | $3,000 | $2,370 |
Affordability — Canyon Lake, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $575,000 |
| Median Household Income | $115,000 |