In Lakeway, a typical home is worth $841,300 and typical rent is $2,981 a month. Compared with all of Travis County, typical household income is 91% higher, typical rent is 71% higher, and the share of households that own their home is 34 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $801,682 to $733,247.
Typical rent
$2,603a month
▲ 4.6% more than 12 months ago
Typical rent from Zillow, March 2022 to September 2026: from $2,561 to $2,603.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lakeway is in Travis County. The FHA loan limit ($571,550 for a one-unit home), the fair market rents and the help on this page are those of all of Travis County. See the county
What this place has that others do not, from public data, most unusual first.
1
86% of households in Lakeway own their home, against 52% in Travis County.
2
The typical rent in Lakeway is $2,981 a month, 71% more than in Travis County as a whole ($1,744).
3
The typical household income in Lakeway is $190,060,91% more than in Travis County as a whole ($99,611).
4
Lakeway has the 8th highest typical home value of the 422 cities in Texas with more than 5,000 people ($841,300).
5
Nearby, in Lago Vista, the typical home value is $420,000: 50% less than in Lakeway ($841,300).
6
Nearby, in Bee Cave, the typical rent is $1,877: 37% less than in Lakeway ($2,981).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lakeway
What homes there are in Lakeway, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lakeway
Travis County
Texas
United States
Kind of home: Lakeway and its comparisons
Measure
Lakeway
Travis County
Texas
United States
Detached house
79%
52%
64%
61%
Attached house
7%
4%
3%
6%
Building of 2 to 4
Unreliable estimate
6%
5%
8%
Apartments (5 or more)
Unreliable estimate
35%
21%
19%
Mobile home
Unreliable estimate
3%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Lakeway, 8 in 10 homes are single-family detached houses; in Travis County, 5.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lakeway
Travis County
Texas
United States
Year built: Lakeway and its comparisons
Measure
Lakeway
Travis County
Texas
United States
Before 1960
Unreliable estimate
7%
12%
26%
1960–1979
11%
17%
21%
24%
1980–1999
27%
28%
28%
25%
2000–2009
24%
19%
18%
14%
2010 or later
36%
29%
21%
11%
The typical home in Lakeway was built in 2004, 5 years after the typical one in Travis County.
Homes in Lakeway are bigger: 81% have 3 bedrooms or more; in Travis County, 53%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K13%
$500K–$750K22%
$750K–$1M23%
$1M or more35%
Value of owner-occupied homes: Lakeway and its comparisons
Measure
Lakeway
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
13%
$500K–$750K
22%
$750K–$1M
23%
$1M or more
35%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or more50%
Monthly rent with utilities: Lakeway and its comparisons
Measure
Lakeway
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
50%
With a mortgage
$3,624 a month
Travis County: $2,634 a month
Without a mortgage
$1,402 a month
Travis County: $1,019 a month
Owners with a mortgage
66%
Travis County: 67%
Owning costs more in Lakeway: with a mortgage, the typical cost is $3,624 a month; in Travis County, $2,634. Without one, $1,402.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lakeway+78%
Travis County+61%
Texas+65%
United States+53%
Typical rent
Lakeway+61%
Travis County+35%
Texas+34%
United States+33%
Typical household income
Lakeway+43%
Travis County+31%
Texas+27%
United States+29%
Change since 2015–2019: Lakeway and its comparisons
Measure
Lakeway
Travis County
Texas
United States
Typical home value
+78%
+61%
+65%
+53%
Typical rent
+61%
+35%
+34%
+33%
Typical household income
+43%
+31%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Lakeway rose 78%; in Travis County, it rose 61%.
Since 2015–2019, the typical rent in Lakeway rose 61%, more than in Travis County (35%).
Here income did not keep up with housing: it rose 43%, while home values changed +78% and rent +61%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lakeway and its comparisons
Measure
Lakeway
Travis County
Texas
United States
Rental vacancy
Unreliable estimate
4.6%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
1.1%
0.9%
More than one person per room
Unreliable estimate
3.8%
4.8%
3.4%
People per household
2.44
2.23
2.69
2.53
Drive alone
43%
57%
71%
69%
Carpool
Unreliable estimate
7%
10%
9%
Public transit
Unreliable estimate
2%
1%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
50%
30%
14%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Lakeway has 2.44 people, more than in Travis County (2.23).
Many people here do not commute at all: 50% work from home; in Travis County, 30%.
Do the math
What would you pay each month for a home in Lakeway?
A typical home costs more than the typical income allows
We start with a typical home in Lakeway, worth $841,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Lakeway, which is $190,060 a year. For that payment to be 28% of income, a household would need to earn about $306,556 a year. Note: at that price the loan is above the FHA limit for Travis County ($571,550), so FHA would not insure it; the payment is only a reference.
The calculator's FHA and conventional loan limits are those of all of Travis County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lakeway. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $29,446 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$7,153
at 7.18% · 30 years
Loan amount
$826,061
Total interest
$1,188,509
Paid off in
November 2056
Includes $14,207 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $4,435 a month
Tight
$4,435 to $5,702 a month
Hard
more than $5,702 a month
Your payment · 45%
Compared with the typical household income in Lakeway ($190,060 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$5,596
Property tax
$834
Home insurance
$351
FHA mortgage insurance (MIP)
$372
This loan is over the FHA limit
You'd borrow $811,854, but the FHA limit for a one-unit home in Lakeway is $571,550. You'd need a bigger down payment or a different loan.
You need at least $29,446 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $7,153; principal and interest $5,596.
The city and its county
Lakeway and Travis County
Lakeway is in Travis County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lakeway
Map of Travis County, Texas, with Lakeway marked. Around it, the neighboring counties.
Lakeway
Travis County
Other cities with a page
Lakeway's own numbers
Typical home value
$841,300
Typical monthly rent
$2,981
Typical yearly household income
$190,060
Households that own their home
86%
Effective property tax rate
1.19%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Travis County
FHA limit, one-unit home
$571,550
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,817
Price change over 5 years (FHFA)
+32%
Homes in a high flood-risk zone
2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Travis County.
A typical home in Lakeway is worth $841,300: 61% above the county and 196% above Texas. With the typical household income in Lakeway ($190,060 a year), a typical home costs 4.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lakeway4.4 years
Travis5.3 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Travis County
According to FHFA’s house price index, home prices in Travis County rose 83% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Travis County.
Yearly change in FHFA’s price index in Travis County, 2016 to 2025
2016: +8.5% +8.5% 2016
2017: +7.2% +7.2% 2017
2018: +6.2% +6.2% 2018
2019: +6.6% +6.6% 2019
2020: +5.4% +5.4% 2020
2021: +20.2% +20.2% 2021
2022: +21.6% +21.6% 2022
2023: −6.7% −6.7% 2023
2024: −1.8% −1.8% 2024
2025: −1.7% −1.7% 2025
Change in FHFA’s price index in Travis County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
−1.7%
+0.8%
+2.9%
5 years (2020–2025)
+32%
+44%
+47%
10 years (2015–2025)
+83%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lakeway next to Travis County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lakeway$841,300
Travis$523,000
Texas$283,800
United States$332,700
Typical monthly rent
Lakeway$2,981
Travis$1,744
Texas$1,403
United States$1,413
Typical yearly household income
Lakeway$190,060
Travis$99,611
Texas$78,476
United States$80,734
See the full table
Lakeway next to Travis County and Texas
Measure
Lakeway
Travis County
Texas
U.S.
Typical home value
$841,300 ▲61% above the county
$523,000
$283,800
$332,700
Typical monthly rent
$2,981 ▲71% above the county
$1,744
$1,403
$1,413
Typical yearly household income
$190,060 ▲91% above the county
$99,611
$78,476
$80,734
Households that own their home
86% ▲34 points above the county
52%
63%
65%
Typical yearly property tax
$10,001 ▲29% above the county
$7,727
$4,232
$3,119
Effective property tax rate
1.19% ▼0.29 points below the county
1.48%
1.49%
0.94%
Renters with high rent for their income
48%
48%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Travis County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lakeway
For a typical $841,300 home in Lakeway, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lakeway's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$7,153a month
Above the FHA limit for Travis County ($571,550)
Down payment
$29,446
Cash to close
$54,685
Rate
7.18%
Mortgage insurance
FHA MIP · $372
Conventional, 5% down$6,999a month
Least cash to close
Down payment
$42,065
Cash to close
$67,304
Rate
7.18%
Mortgage insurance
PMI · $400
Conventional, 20% down, no PMI$5,744a month
Down payment
$168,260
Cash to close
$193,499
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$6,522a month
Down payment
$126,195
Cash to close
$151,434
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lakeway
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Travis County ($571,550)
$7,153
$29,446
$826,062
7.18%
FHA MIP · $372
$54,685
580
Conventional, 5% down Least cash to close
$6,999
$42,065
$799,235
7.18%
PMI · $400
$67,304
620*
Conventional, 20% down, no PMI
$5,744
$168,260
$673,040
7.18%
None
$193,499
620*
ITIN, 15% down (example)
$6,522
$126,195
$715,105
8.18%
None
$151,434
Set by the lender
The option that asks for the least cash to close is Conventional, 5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lakeway is $2,981 a month: 71% above the county. In Lakeway, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Travis County, by unit size. To pay the 2-bedroom one ($1,817 a month) without spending more than 30% of your income, you would need to earn $34.94 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Travis County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,447
$27.83
$57,880
1 bedroom
$1,530
$29.42
$61,200
2 bedrooms
$1,817
$34.94
$72,680
3 bedrooms
$2,292
$44.08
$91,680
4 bedrooms
$2,689
$51.71
$107,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lakeway
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lakeway has 2 ZIP codes with their own.
For 2 bedrooms it runs from $2,110 in 78734 to $2,120 in 78738.
2 of the 2 are above the fair market rent for Travis County ($1,817).
Fair market rent by ZIP code and size in Lakeway, fiscal year 2027.
78734
$1,680
$1,780
$2,110
$2,660
$3,120
78738
$1,690
$1,780
$2,120
$2,670
$3,140
ZIP code2 bd3 bd
78734 $2,110$2,660
78738 $2,120$2,670
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lakeway when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 3 HUD-approved agencies with an office in Travis County; 3 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Lakeway or Travis County. The ones below are statewide in Texas: they work in Lakeway the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Lakeway or Travis County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lakeway and all of Travis County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lakeway?
The typical home value in Lakeway is $841,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Travis County it is $523,000.
How much does it cost to rent in Lakeway?
Typical rent in Lakeway is $2,981 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Travis County is $1,817.
What is the FHA loan limit in Lakeway?
Lakeway uses the FHA limit for all of Travis County (2026): $571,550 for a one-unit home and $1,099,150 for a four-unit home.
How much property tax do owners pay in Lakeway?
The typical homeowner in Lakeway pays $10,001 a year, according to the U.S. Census Bureau. That is 1.19% of the home’s value; in Travis County, the rate is 1.48%.
Where can I find free help to buy or rent in Lakeway?
There are 3 HUD-approved counseling agencies with an office in Travis County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
