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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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 a population of 19,189, 7,965 total housing units (homes and apartments), and a median house value of $739,045, 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 79.76% of the city's housing units. Other types of housing that are prevalent in Lakeway include large apartment complexes or high rise apartments ( 10.32%), row houses and other attached homes ( 6.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.13%).

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 84.81% of Lakeway's homes, and 69.23% 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. 59.29% 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 ( 37.62%), and between 1940-1969 ( 1.97%). There's also some housing in Lakeway built before 1939 ( 1.12%).

Vacant housing appears to be an issue in Lakeway. Fully 10.25% 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

Real estate appreciation rates in Lakeway's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.49% during the period.

Over the last year, Lakeway appreciation rates have trailed the rest of the nation. In the last twelve months, Lakeway's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lakeway were at 0.14%, which equates to an annual appreciation rate of 0.55%.

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

$739,045

Lakeway, TX Home Prices
> $1,133,000
$849,001 - $1,133,000
$566,001 - $849,000
$453,001 - $566,000
$340,001 - $453,000
$227,001 - $340,000
$113,001 - $227,000
$57,001 - $113,000
$0 - $57,000
24.8%
24.8%
17.9%
17.9%
34.2%
34.2%
12.0%
12.0%
5.9%
5.9%
3.9%
3.9%
0.2%
0.2%
0.8%
0.8%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

7,965

Lakeway Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,389 / per month

Homeownership Rate

Owners
Renters
84.8%
84.8%
15.2%
15.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.3%
10.3%
89.7%
89.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
59.3%
59.3%
37.6%
37.6%
2.0%
2.0%
1.1%
1.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.8%
79.8%
6.6%
6.6%
3.1%
3.1%
10.3%
10.3%
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
0.5%
0.5%
7.3%
7.3%
10.5%
10.5%
36.8%
36.8%
32.4%
32.4%
12.5%
12.5%
0% 100.0%
% of Homes