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Lakeway, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lakeway, TX Housing Market Trends

With 19,300 people, 7,458 houses or apartments, and a median cost of homes of $761,232, Lakeway house prices are not only among the most expensive in Texas, Lakeway real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lakeway, accounting for 81.68% of the city's housing units. Other types of housing that are prevalent in Lakeway include row houses and other attached homes ( 7.15%), large apartment complexes or high rise apartments ( 6.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lakeway. Owner-occupied housing accounts for 83.00% of Lakeway's homes, and 73.60% have either three or four bedrooms, which is average sized relative to America.

Lakeway homes and real estate are some of the newest in America. 55.01% of Lakeway's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lakeway real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.81%), and between 1940-1969 ( 1.98%). There's also some housing in Lakeway built before 1939 ( 1.19%).

Lakeway Home Appreciation Rates

In the last 10 years, Lakeway has experienced some of the highest home appreciation rates of any community in the nation. Lakeway real estate appreciated 112.19% over the last ten years, which is an average annual home appreciation rate of 7.81%, putting Lakeway in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lakeway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lakeway's appreciation rate, at 11.09%, has been at or slightly above the national average. In the latest quarter, Lakeway's appreciation rate has been -3.65%, which annualizes to a rate of -13.81%.

Notably, Lakeway's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Lakeway's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lakeway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lakeway - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lakeway real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$761,232

Lakeway, TX Home Prices
> $1,460,000
$1,095,001 - $1,460,000
$730,001 - $1,095,000
$584,001 - $730,000
$438,001 - $584,000
$292,001 - $438,000
$146,001 - $292,000
$73,001 - $146,000
$0 - $73,000
10.3%
10.3%
11.0%
11.0%
33.1%
33.1%
23.7%
23.7%
13.2%
13.2%
6.7%
6.7%
1.4%
1.4%
0.1%
0.1%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

7,458

Lakeway Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,445 / per month

Homeownership Rate

Owners
Renters
Vacant
83.0%
83.0%
17.0%
17.0%
8.2%
8.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
55.0%
55.0%
41.8%
41.8%
2.0%
2.0%
1.2%
1.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.7%
81.7%
7.2%
7.2%
4.3%
4.3%
6.7%
6.7%
0.0%
0.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
5.6%
5.6%
10.7%
10.7%
40.5%
40.5%
33.1%
33.1%
9.7%
9.7%
0% 100.0%
% of Homes