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
$1,888
Y-o-Y Change in Average
Apartment Rent
-3.5%
As of July 2024
Compared to a year ago, Lakeway, Texas apartments have recorded a -3.5% rent decrease.
Lakeway, Texas Average apartment rent trend
Lakeway, Texas Average Apartment Rent
Lakeway, Texas Apartment rent ranges
At 54.84%, apartments priced $1,500 - $2,000 represent the bulk of Lakeway, Texas rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 16.83%.
Lakeway, Texas Housing tenure**
Renters take up 16% of Lakeway, Texas real estate, occupying a total of 1,253 units, while homeowners live in 6,492 properties.
Median number of rooms of renter-occupied housing units**
5.5
Renter median household income**
$79,904
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
9.3%
Lakeway, Texas Renter-occupied housing units by no. of bedrooms**
There are 507 rentals in Lakeway, Texas with 3 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 17 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 45 - 54 years age group (21%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Lakeway, Texas Renter-occupied housing units by family type**
Lakeway, Texas Renter-occupied housing units by the presence of own children**
A total of 798 apartments for rent in Lakeway, Texas, or 64% of all rentals are family households. Additionally, 47% of rental homes include children under the age of 18 – that’s 588 units. All in all, the median size of a renter-occupied household in Lakeway, Texas is 2.21.
Lakeway, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% 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 41% or 517 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (23%, 292 units), and the ones Built 1970 - 1979 (15%, 193 units).
Lakeway, Texas Renter-occupied units by year householder moved in**
Lakeway, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Lakeway, Texas renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 11% have No vehicle 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, 2022 American Community Survey 5-Year Estimates
