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These days, finding an affordable place to live in the Canyon Lake area can be challenging. Home prices in Canyon Lake are now at a median cost of $411,146, higher than the Texas average of $322,096.
The average cost of rent is $1,483/mo in Canyon Lake, primarily driven by the current value of real estate in the Canyon Lake area. In Canyon Lake, 13.63% of households rent, and 42.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canyon Lake is $8,778 per month. Households that rent pay about 16.90% of their income on rent here. Canyon Lake’s most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sattler, TX: less expensive homes
- Fischer, TX: higher priced homes
- Spring Branch, TX: higher priced homes
- Startzville, TX: higher priced homes
- Wetmore, TX: equally priced homes
- Bulverde, TX: higher priced homes
- New Braunfels, TX: equally priced homes
- Kendalia, TX: higher priced homes
- Hays, TX: equally priced homes
- Bergheim, TX: higher priced homes
Cities with Similar Populations
- North Ogden, UT: higher priced homes
- Glen Avon, CA: higher priced homes
- Godfrey, IL: less expensive homes
- North Bellmore, NY: higher priced homes
- Grand Island, NY: less expensive homes
- Great Neck, NY: higher priced homes
- Greenfield, CA: higher priced homes
- Southbury, CT: equally priced homes
- Guilford, CT: higher priced homes
- Hanahan, SC: less expensive homes
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