Market Overview
Home Prices in Lakeway, TX
The median home value in Lakeway, TX is $750,437 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and down 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakeway are priced83% above average. Lakeway is part of the Austin-Round Rock-Georgetown, TX metro area.
Over the past five years, Lakeway home values have fallen by approximately3.3%, reflecting softening conditions in this market.
Price History
Lakeway Home Price Trend
City Comparison
Lakeway vs. National Median
At $750,437, homes in Lakeway cost 83% above the national median of $410,000. Buyers in Lakeway should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lakeway?
20% Down Payment
$150,087
on $750,437
Monthly P&I
$3,914/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,971/mo
incl. taxes & insurance
Income Needed
$198,840
gross annual (30% rule)
10% Down Option
$75,044
+ PMI applies
Loan Amount (20% dn)
$600,350
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 Lakeway, TX?
The median home value in Lakeway is $750,437 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in Lakeway?
Over the past year, home values in Lakeway have decreased by 1.9%. Over five years, prices have fallen approximately 3.3%.
How much do I need to earn to buy a home in Lakeway?
To comfortably afford the median home price of $750,437 with a 20% down payment ($150,087) at today's rates (6.8%), you'd need a gross annual income of approximately $198,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakeway compare to the national average home price?
The national median home value is approximately $410,000. At $750,437, homes in Lakeway are 83% above the national average.
What metro area is Lakeway part of?
Lakeway is part of the Austin-Round Rock-Georgetown, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.