Lakeway, 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 Lakeway, Texas rental market.
Lakeway, Texas
Average Apartment Rent in March 2022
$2,060
Y-o-Y Change in Average
Apartment Rent
32%
Compared to a year ago, Lakeway, Texas apartments have recorded a 32% rent increase.
Lakeway, Texas |Average apartment rent trend
Lakeway, Texas| Average apartment rent
Lakeway, Texas | Apartment rent ranges
At 51.76%, apartments priced Over $2,000 represent the bulk of Lakeway, Texas rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 10.91%.
Lakeway, Texas | Housing tenure**
Renters take up 16% of Lakeway, Texas real estate, occupying a total of 970 units, while homeowners live in 5,073 properties.
Median number of rooms of renter-occupied housing units**
5.5
Renter median household income**
$80,486
Average household size of renter-occupied housing units**
2.57
Rental vacancy rate**
4.4%
Lakeway, Texas | Renter-occupied housing units by no. of bedrooms**
There are 455 rentals in Lakeway, Texas with 3 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 9 units. Overall, the median number of rooms in Lakeway, Texas homes for rent is 5.5.
Lakeway, Texas |Renter-occupied units by age of householder**
Most condos for rent in Lakeway, Texas are occupied by residents in the 35 - 44 years age group (29%), followed by those in the 45 - 54 years age group (15%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Lakeway, Texas | Renter-occupied housing units by family type**
Lakeway, Texas | Renter-occupied housing units by the presence of own children**
A total of 631 apartments for rent in Lakeway, Texas, or 65% of all rentals are family households. Additionally, 46% of rental homes include children under the age of 18 – that’s 448 units. All in all, the median size of a renter-occupied household in Lakeway, Texas is 2.57.
Lakeway, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 54% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Lakeway, Texas.
Lakeway, Texas | Renter-occupied units by year structure built**
The highest share of Lakeway, Texas apartment rentals, namely 28% or 269 units, were Built 1980 - 1989, followed by those Built 2000 - 2009 (24%, 235 units), and the ones Built 2014 or later (12%, 119 units).
Lakeway, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Lakeway, Texas renters (31%) moved in 2015 to 2016, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Lakeway, Texas condos for rent is 2016.
Lakeway, Texas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Lakeway, Texas renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 12% have 3 vehicles available.
Lakeway, Texas | Means of transportation to work of householders living in renter-occupied housing units**
Lakeway, Texas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Lakeway, 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 Lakeway, 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, 2019 American Community Survey 5-Year Estimates
