Lago Vista, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lago Vista, Texas rental market.
Lago Vista, Texas
Average Apartment Rent
$1,473
Y-o-Y Change in Average
Apartment Rent
10%
As of July 2024
Compared to a year ago, Lago Vista, Texas apartments have recorded a 10% rent increase.
Lago Vista, Texas Average apartment rent trend
Lago Vista, Texas Average Apartment Rent
Lago Vista, Texas Apartment rent ranges
At 69.44%, apartments priced $1,500 - $2,000 represent the bulk of Lago Vista, Texas rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 30.56%.
Lago Vista, Texas Housing tenure**
Renters take up 13% of Lago Vista, Texas real estate, occupying a total of 509 units, while homeowners live in 3,380 properties.
Median number of rooms of renter-occupied housing units**
3.7
Average household size of renter-occupied housing units**
2.05
Lago Vista, Texas Renter-occupied housing units by no. of bedrooms**
There are 150 rentals in Lago Vista, Texas with 2 beds making up the highest share of the market, at 29%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 16 units. Overall, the median number of rooms in Lago Vista, Texas homes for rent is 3.7.
Lago Vista, Texas Renter-occupied units by age of householder**
Most condos for rent in Lago Vista, Texas are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 45 - 54 years age group (22%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 7%.
Lago Vista, Texas Renter-occupied housing units by family type**
Lago Vista, Texas Renter-occupied housing units by the presence of own children**
A total of 127 apartments for rent in Lago Vista, Texas, or 25% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 79 units. All in all, the median size of a renter-occupied household in Lago Vista, Texas is 2.05.
Lago Vista, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 8% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Lago Vista, Texas.
Lago Vista, Texas Renter-occupied units by year structure built**
The highest share of Lago Vista, Texas apartment rentals, namely 45% or 228 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (22%, 112 units), and the ones Built 2000 - 2009 (13%, 68 units).
Lago Vista, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Lago Vista, Texas renters (47%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Lago Vista, Texas condos for rent is 2017.
Lago Vista, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Lago Vista, Texas renters have 2 or more vehicles available per household, 28% of them have 1 vehicle available, and 25% have No vehicle available.
Lago Vista, Texas Means of transportation to work of householders living in renter-occupied housing units**
Lago Vista, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Lago Vista, Texas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lago Vista, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
