Lakeway, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lakeway Neighborhoods Since 2000




Lakeway, TX Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lakeway Housing Market Information

With 14,217 people, 5,138 houses or apartments, and a median cost of homes of $435,957, 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 84.85% of the city's housing units. Other types of housing that are prevalent in Lakeway include row houses and other attached homes ( 8.63%), duplexes, homes converted to apartments or other small apartment buildings ( 3.42%), and a few large apartment complexes or high rise apartments ( 2.92%).

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 81.35% of Lakeway's homes, and 80.65% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lakeway built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lakeway built between 2000 and later ( 40.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.97%).

Vacant housing appears to be an issue in Lakeway. Fully 12.17% of the housing stock is classified as vacant. Left unchecked, vacant Lakeway homes and apartments can be a drag on the real estate market, holding Lakeway real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 23.07% over the last ten years, which is an average annual home appreciation rate of 2.10%, 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 4.10%, has been at or slightly above the national average. In the latest quarter, Lakeway's appreciation rate has been 1.68%, which annualizes to a rate of 6.88%.

Relative to Texas, our data show that Lakeway's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$435,957

Lakeway, TX HOME PRICES

Value Range
> $1,187,000 3.1
$890,001 - $1,187,000 5.8
$594,001 - $890,000 14.0
$475,001 - $594,000 17.6
$356,001 - $475,000 27.8
$237,001 - $356,000 20.6
$119,001 - $237,000 6.4
$59,001 - $119,000 1.9
$0 - $59,000 2.9

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
7.86358842142271 3.11284046692607

Number Of Homes And Apartments:
5,138

Lakeway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
55.51% 2.59% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,383 / per month

Homeownership Rate

Homeownership
Owners 81.35
Renters 18.65
Vacant 12.17

Housing Market Details

 

Age of Homes

AGE OF Lakeway HOMES
2000 or Newer 40.5
1970 - 1999 57.4
1940 - 1969 2.0
1939 or Older 0.2

Types of Homes

TYPE OF Lakeway HOMES
Single-Family 84.9
Townhomes 8.6
Small Apt. Buildings 3.4
Apt. Complexes 2.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lakeway HOMES
No Bedroom 0.55
1 Bedroom 1.32
2 Bedrooms 10.43
3 Bedrooms 46.62
4 Bedrooms 34.03
5 or more bedrooms 7.06