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Lakeway

Learn about the people, housing, costs and businesses in Lakeway, Texas

Median Home$834,856
Median Rent$2,685/month
Population18,558
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services21% arts, food & hospitality
Home Value Growth-1.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners88% of occupied units
NotableHighly Educated46% bachelor's · 18% graduate · top 1% nationally
NotableHigh Incomes$183k/year · top 2% nationally
Lakeway
TX

Frequently Asked Questions

What are today's mortgage rates in Lakeway?

As of today, the 30-year fixed mortgage rate for Lakeway is approximately 6.809% (6.842% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lakeway?

The median home value in Lakeway is $835k. The median monthly rent is $2,685. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakeway?

Home values in Lakeway have decreased 1.3% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lakeway?

Based on a typical all-in ownership cost of $2,680/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $115k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakeway is $183k/year.

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What industries drive the economy in Lakeway?

The largest employment sectors in Lakeway are healthcare (24%) and arts, food, and hospitality (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.