Lakeway, TX—78734
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeway, TX
As of Oct '25, the median home price in Lakeway, TX is $602,000, with a year-over-year change of -8.1%. This indicates that home prices in Lakeway, TX are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $602,000 | -8.1% |
| Single Family | $642,000 | -7.8% |
| Condos | $435,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $405,000 | -9.0% |
3 Bed | $535,000 | -8.5% |
4 Bed | $797,000 | -5.9% |
| 5 Bed | $1,399,000 | -4.2% |
% of Housing Stock
Rental Trends — Lakeway, TX
As of July '25, Rentcast reports the average rent in Lakeway, TX is $3,120, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Lakeway, TX is studios: $1,680, 1-bedrooms: $1,600, 2-bedrooms: $2,220, 3-bedrooms: $2,840, 4-bedrooms: $3,960. The most common rental property sizes in Lakeway, TX are 3-bedroom and 1-bedroom, accounting for 40.3% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $3,120 |
| Studio Rent | $1,650 | $1,680 |
| 1 Bed Rent | $1,500 | $1,600 |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | $2,750 | $2,840 |
| 4 Bed Rent | $3,700 | $3,960 |
% of Rental Stock
Property Listings — Lakeway, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeway, TX is 108. This is a increase of 13.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $730,000 | -9.0% |
Listing Count | 294 | 16.0% |
| Listings as % of Homes | 1.2% | 16.0% |
Days on Market | 108 | 13.0% |
Demographics — Lakeway, TX
As of the latest ACS Survey released in 2023, Lakeway, TX has a population of 22,100, which has increased by 17.9% over the past 5 years. Lakeway, TX is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 58.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,100 | 17.9% |
% Under 18 | 18.3% | -19.7% |
% Seniors | 23.8% | 33.0% |
% WFH | 37.1% | 117.0% |
% w/ College Degree | 58.9% | 0.7% |
As of the latest ACS Survey released in 2023, Lakeway, TX is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Lakeway, TX is hispanic, making up 14.6% of the population. Foreign-born residents account for 13.1% of the population in Lakeway, TX, and this percentage has increased by 50.6% 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 | 76.5% | -2.0% |
% Black | 1.4% | -36.4% |
% Hispanic | 14.6% | 6.6% |
% Asian | 3.7% | 54.2% |
% Foreign Born | 13.1% | 50.6% |
Mortgage and Risk — Lakeway, TX
According to HUD data as of 2023, there were 360 mortgage originations in Lakeway, TX, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakeway, 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 | 360 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lakeway, TX
As of 2024, the percent of homes in Lakeway, TX under the Section 8 program is 0.1%. 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 Lakeway, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,500 | $2,110 |
| 2 Bedroom | $290 | $2,200 | $2,490 |
| 3 Bedroom | $420 | $2,750 | $3,170 |
| 4 Bedroom | -$20 | $3,700 | $3,680 |
Affordability — Lakeway, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $602,000 |
| Median Household Income | $129,000 |