Lago Vista, TX—78645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lago Vista, TX
As of Oct '25, the median home price in Lago Vista, TX is $415,000, with a year-over-year change of -6.1%. This indicates that home prices in Lago Vista, TX are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | -6.1% |
| Single Family | $429,000 | -6.5% |
| Condos | $276,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $182,000 | -9.9% |
2 Bed | $278,000 | -9.2% |
3 Bed | $389,000 | -6.5% |
4 Bed | $552,000 | -2.8% |
| 5 Bed | $837,000 | -3.6% |
% of Housing Stock
Rental Trends — Lago Vista, TX
As of July '25, Rentcast reports the average rent in Lago Vista, TX is $2,290, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Lago Vista, TX is studios: $1,900, 1-bedrooms: $1,510, 2-bedrooms: $1,500, 3-bedrooms: $2,200, 4-bedrooms: $3,180. The most common rental property sizes in Lago Vista, TX are 3-bedroom and 2-bedroom, accounting for 33.0% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,290 |
| Studio Rent | $1,900 | $1,900 |
| 1 Bed Rent | $1,450 | $1,510 |
| 2 Bed Rent | $1,350 | $1,500 |
| 3 Bed Rent | $2,000 | $2,200 |
| 4 Bed Rent | $2,850 | $3,180 |
% of Rental Stock
Property Listings — Lago Vista, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lago Vista, TX is 108. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 1.0% |
Listing Count | 401 | 5.0% |
| Listings as % of Homes | 2.9% | 5.0% |
Days on Market | 108 | -2.0% |
Demographics — Lago Vista, TX
As of the latest ACS Survey released in 2023, Lago Vista, TX has a population of 15,000, which has increased by 33.7% over the past 5 years. Lago Vista, TX is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 44.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 33.7% |
% Under 18 | 16.7% | -13.0% |
% Seniors | 24.8% | 25.9% |
% WFH | 25.4% | 86.8% |
% w/ College Degree | 44.6% | 29.3% |
As of the latest ACS Survey released in 2023, Lago Vista, TX is a predominantly white area, with 73.5% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Lago Vista, TX is hispanic, making up 18.8% of the population. Foreign-born residents account for 9.6% of the population in Lago Vista, TX, and this percentage has increased by 29.7% 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 | 73.5% | -10.7% |
% Black | 2.0% | -9.1% |
% Hispanic | 18.8% | 43.5% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 9.6% | 29.7% |
Mortgage and Risk — Lago Vista, TX
According to HUD data as of 2023, there were 639 mortgage originations in Lago Vista, TX, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lago Vista, TX. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 639 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lago Vista, TX
As of 2024, the percent of homes in Lago Vista, TX under the Section 8 program is 1.0%. 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 Lago Vista, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,450 | $1,590 |
| 2 Bedroom | $530 | $1,350 | $1,880 |
| 3 Bedroom | $400 | $2,000 | $2,400 |
| 4 Bedroom | -$70 | $2,850 | $2,780 |
Affordability — Lago Vista, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $415,000 |
| Median Household Income | $108,000 |