Canyon Lake, TX—78133
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 $380,000, with a year-over-year change of -5.7%. This indicates that home prices in Canyon Lake, TX are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | -5.7% |
| Single Family | $389,000 | -5.8% |
| Condos | $204,000 | -9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -7.7% |
3 Bed | $378,000 | -4.8% |
4 Bed | $613,000 | -3.6% |
| 5 Bed | $865,000 | -3.1% |
% of Housing Stock
Rental Trends — Canyon Lake, TX
As of July '25, Rentcast reports the average rent in Canyon Lake, TX is $1,860, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Canyon Lake, TX is studios: $675, 1-bedrooms: $1,040, 2-bedrooms: $1,530, 3-bedrooms: $2,090, 4-bedrooms: $2,820. The most common rental property sizes in Canyon Lake, TX are 2-bedroom and 3-bedroom, accounting for 42.8% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,860 |
| Studio Rent | $675 | $675 |
| 1 Bed Rent | $1,050 | $1,040 |
| 2 Bed Rent | $1,500 | $1,530 |
| 3 Bed Rent | $1,900 | $2,090 |
| 4 Bed Rent | $2,800 | $2,820 |
% 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 116. This is a increase of 20.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | -1.0% |
Listing Count | 470 | 27.0% |
| Listings as % of Homes | 1.6% | 27.0% |
Days on Market | 116 | 20.0% |
Demographics — Canyon Lake, TX
As of the latest ACS Survey released in 2023, Canyon Lake, TX has a population of 21,800, which has increased by 18.7% over the past 5 years. Canyon Lake, TX is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 33.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 18.7% |
% Under 18 | 18.5% | 1.1% |
% Seniors | 25.6% | 9.4% |
% WFH | 20.2% | 119.6% |
% w/ College Degree | 33.4% | 18.4% |
As of the latest ACS Survey released in 2023, Canyon Lake, TX is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Canyon Lake, TX is hispanic, making up 19.6% of the population. Foreign-born residents account for 4.3% of the population in Canyon Lake, TX, and this percentage has decreased by 4.4% 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 | 73.8% | -4.0% |
% Black | 2.5% | 212.5% |
% Hispanic | 19.6% | 0.0% |
% Asian | 0.7% | 16.7% |
% Foreign Born | 4.3% | -4.4% |
Mortgage and Risk — Canyon Lake, TX
According to HUD data as of 2023, there were 473 mortgage originations in Canyon Lake, TX, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Canyon Lake, TX. Investor activity is low, as 5.0% 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 | 473 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Canyon Lake, TX
As of 2024, the percent of homes in Canyon Lake, 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 units appear to be good home sizes to consider for Section 8 housing in Canyon Lake, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,050 | $1,220 |
| 2 Bedroom | -$10 | $1,500 | $1,490 |
| 3 Bedroom | -$10 | $1,900 | $1,890 |
| 4 Bedroom | -$570 | $2,800 | $2,230 |
Affordability — Canyon Lake, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $380,000 |
| Median Household Income | $80,800 |