Market Overview
Home Prices in Canyon Lake, TX
The median home value in Canyon Lake, TX is $398,226 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.3% compared to a year ago and down 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Canyon Lake are priced3% below average. Canyon Lake is part of the San Antonio-New Braunfels, TX metro area.
Over the past five years, Canyon Lake home values have risen by approximately10.5%, reflecting steady appreciation in this market.
Price History
Canyon Lake Home Price Trend
City Comparison
Canyon Lake vs. National Median
At $398,226, homes in Canyon Lake cost 3% below the national median of $410,000. This makes Canyon Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Canyon Lake?
20% Down Payment
$79,645
on $398,226
Monthly P&I
$2,077/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,638/mo
incl. taxes & insurance
Income Needed
$105,520
gross annual (30% rule)
10% Down Option
$39,823
+ PMI applies
Loan Amount (20% dn)
$318,581
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Canyon Lake, TX?
The median home value in Canyon Lake is $398,226 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.3% year-over-year.
How much have home prices changed in Canyon Lake?
Over the past year, home values in Canyon Lake have decreased by 2.3%. Over five years, prices have risen approximately 10.5%.
How much do I need to earn to buy a home in Canyon Lake?
To comfortably afford the median home price of $398,226 with a 20% down payment ($79,645) at today's rates (6.8%), you'd need a gross annual income of approximately $105,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Canyon Lake compare to the national average home price?
The national median home value is approximately $410,000. At $398,226, homes in Canyon Lake are 3% below the national average.
What metro area is Canyon Lake part of?
Canyon Lake is part of the San Antonio-New Braunfels, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.