Everything You Should Know Before Moving to Lakeway, TX
Thinking of making Lakeway, TX your new home? With a population just over 19,000 and a median home price of $832,000, Lakeway offers an upscale, family-friendly atmosphere with top-rated schools and a high level of educational attainment. Residents enjoy low crime rates (violent crime at just 48 per 100k), warm Texas weather with 62% sunny days, and short commutes averaging 27.5 minutes. Explore the thriving local community, excellent amenities, and beautiful Hill Country surroundings as you plan your move!
Demographics - Lakeway, TX
Demographics - Lakeway, TX
Lakeway is home to just over 19,000 residents, with a median age of 49.2, indicating a mature community. The city is predominantly White (87%), with a balanced gender ratio and about 8.5% non-English speakers, creating a welcoming yet close-knit atmosphere.
Population:
19,189
Density:
1,200 per sq mi
Median Age:
49.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
8.5%
Ethnic Composition
White:
87.0%
Black:
1.7%
Asian:
3.9%
Others:
7.4%
Cost Of Living
What is the average cost of living in Lakeway, TX?
Living in Lakeway comes with a higher cost of living, reflected in a median home value of $832,000 and a cost of living index of 136.2. While housing is the primary expense, residents benefit from zero state income tax, making it attractive for higher-income households.
Median House Value:
$832,000
Gross Rent:
$2,350
Monthly Electricity Charges:
$145
Auto Insurance:
$1,420
House Owner Cost With Mortgage:
$3,250
House Owner Cost Without Mortgage:
$950
State Taxes:
Low:
0%
|
High:
0%
Cost Of Living Index:
136.2
Grocery:
102.4
Housing:
180.5
Utilities:
111.0
Transportation:
105.6
Health Care:
98.7
Miscellaneous:
101.2
Crime
Is Lakeway, TX a safe place to live?
Lakeway boasts a very low crime rate, with only 48 violent crimes per 100,000 residents and a 1 in 2,083 chance of experiencing violent crime. This makes it a safe and secure choice for families and retirees alike.
Violent Crimes Per 100k:
48
Property Crimes Per 100k:
800
Crime Index:
848
Chance Of Violent Crime:
1 in 2,083
Chance Of Property Crime:
1 in 124
Weather
What is the weather like in Lakeway, TX year-round?
Lakeway offers a warm climate with mild winters averaging 40–62°F and hot summers reaching up to 97°F. The area enjoys around 62% sunny days and receives about 34 inches of annual rainfall, perfect for outdoor activities year-round.
Winter
Min:
40°F
Max:
62°F
Spring
Min:
55°F
Max:
80°F
Summer
Min:
74°F
Max:
97°F
Fall
Min:
57°F
Max:
83°F
Average Rainfall Inches:
34 inches
Sunny Days Percentage:
62%
Neighbors
Lakeway residents are well-educated and affluent, with a median household income of $142,500 and 64% holding a bachelor’s degree or higher. The community experiences low poverty (2.3%) and unemployment (2.6%), fostering a comfortable and prosperous environment.
Median Income:
$68,000
Household Income:
$142,500
Family Income:
$170,900
Per Capita Income:
$72,600
Income Male:
$90,000
Income Female:
$56,000
Poverty Rate:
2.3%
Non English Speakers:
8.5%
Rent:
$2,350
Unemployment Rate:
2.6%
Public Transport Usage:
0.2%
Commute Time:
27.5 minutes
Education
High School or Higher:
98.2%
Bachelors or More:
64.0%
Education
How are the schools in Lakeway, TX?
Lakeway is known for its highly rated schools, including Lake Travis High School and Lakeway Elementary, both offering favorable student-teacher ratios. The city is also close to major colleges like The University of Texas at Austin, providing excellent educational opportunities from early childhood through higher education.
Public Schools
Name:
Lake Travis High School
Street:
3324 Ranch Rd 620 S
Phone:
512-533-6100
Students:
3,600
Student Teacher Ratio:
16.8
Name:
Lakeway Elementary School
Street:
1701 Lohmans Crossing Rd
Phone:
512-533-6350
Students:
600
Student Teacher Ratio:
15.5
Private Schools
Name:
Primrose School of Lakeway
Street:
601 RR 620 S
Phone:
512-263-3311
Students:
180
Colleges
Name:
Austin Community College - Cypress Creek Campus
City:
Cedar Park
State:
TX
Distance:
19 miles
Students:
7,500
Name:
The University of Texas at Austin
City:
Austin
State:
TX
Distance:
19 miles
Students:
51,000
Healthcare
Lakeway provides excellent healthcare access, anchored by Baylor Scott & White Medical Center and a high health insurance coverage rate of 93.8%. With 2.6 physicians per 1,000 residents, quality care is readily available for families and individuals.
Major Hospitals
Name:
Baylor Scott & White Medical Center – Lakeway
Address:
100 Medical Pkwy, Lakeway, TX 78738
Phone:
(512) 654-2100
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.6
Health Insurance Coverage:
93.8%
Health Care Index:
69.8
Housing Market
What is the housing market like in Lakeway, TX?
Lakeway’s housing market is strong, with a median home price of $832,000 and 81.4% owner-occupied homes, reflecting stability and desirability. Homes appreciate steadily, and rental options are available, though inventory can be limited.
Median Home Price:
$832,000
Average Rent For 2 Bedroom:
$2,350
Owner Occupied Rate:
81.4%
Rental Vacancy Rate:
6.1%
Home Appreciation Rate (1yr):
4.3%
New Construction Rate:
2.7%
Foreclosure Rate:
0.3%
DMV Information
Residents handle vehicle registration and licensing through the Texas Department of Motor Vehicles, conveniently located in nearby Austin. The DMV offers comprehensive services both in-person and online for Lakeway residents.
State:
Texas
Department:
Texas Department of Motor Vehicles
Address:
4000 Jackson Ave, Austin, TX 78731
Phone:
1-888-368-4689
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.