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These days, finding an affordable place to live in the Lakeway area can be challenging. Home prices in Lakeway are now at a median cost of $894,907, higher than the Texas average of $322,096.
The average cost of rent is $2,916/mo in Lakeway, primarily driven by the current value of real estate in the Lakeway area. In Lakeway, 15.45% of households rent, and 31.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeway is $15,382 per month. Households that rent pay about 18.96% of their income on rent here. Lakeway’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Point Venture, TX: less expensive homes
- The Hills, TX: equally priced homes
- Bee Cave, TX: equally priced homes
- Briarcliff, TX: less expensive homes
- Lago Vista, TX: less expensive homes
- Marshall Ford, TX: higher priced homes
- Volente, TX: less expensive homes
- Spicewood, TX: less expensive homes
- Jonestown, TX: less expensive homes
- Dripping Springs, TX: less expensive homes
Cities with Similar Populations
- Madison, CT: less expensive homes
- Prineville, OR: less expensive homes
- Powhatan, VA: less expensive homes
- Portland, TX: less expensive homes
- Port Wentworth, GA: less expensive homes
- Mattoon, IL: less expensive homes
- Manchester, MO: less expensive homes
- Malvern, AR: less expensive homes
- Madisonville, LA: less expensive homes
- Prospect, KY: less expensive homes
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