The Town FilesLakeway, Texas
City in Travis County · population 19,189 (2020 Census)
- Median home
- $841,300
- Household income
- $190,060
- Jan low / Jul high
- 39° / 94°
- Snow a year
- 0 in
- Tornadoes ≤10 mi since 1950
- 14
- Median age
- 49.8
Lakeway is a city of 19,189 people in Travis County, Texas. The median home is worth $841,300, above the typical Texas town ($184,100). It ranks more upscale than 98% of Texas towns, better for young professionals than 90% of Texas towns, better for families than 86% of Texas towns.
How Lakeway ranks
Percentile among Texas towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Texas towns.
Homes and cost of living
The median home in Lakeway is worth $841,300, above the typical Texas town ($184,100). Homes cost about 4.4 times the median household income of $190,060, which is more affordable than 10% of Texas towns. Median rent is $2,981 a month. 86.3% of households own their home.
| Housing | Lakeway | Typical Texas town |
|---|---|---|
| Median home value | $841,300 | $184,100 |
| Median rent | $2,981 | $1,086 |
| Median household income | $190,060 | $65,842 |
| Home value ÷ income | 4.4× | 2.9× |
| Homeownership | 86.3% | 72.9% |
| Median year built | 2004 | 1985 |
| Seasonal / vacation homes | 2.3% | — |
Who lives in Lakeway
| People | Lakeway | Typical Texas town |
|---|---|---|
| Median age | 49.8 | 37.1 |
| Age 65 and over | 23.0% | 15.6% |
| Under 18 | 22.5% | — |
| Bachelor's degree or higher | 74.0% | 18.9% |
| Below the poverty line | 2.5% | 13.1% |
| Veterans | 7.5% | — |
| Born outside the U.S. | 9.5% | — |
| Work from home | 50.2% | 7.8% |
| Average commute | 28.8 min | 26.1 min |
| Homes with broadband | 99.0% | 89.2% |
Weather in Lakeway
July highs average 94.2°F and January lows 38.9°F. About 35.7 inches of rain and melted snow fall a year, with 0.2 inches of snow (typical Texas town: 0.2 in). Expect about 106 days a year at 90°F or hotter and 29 nights at or below freezing.
Tornadoes, storms and disasters
14 tornadoes have passed within 10 miles of Lakeway since 1950, compared with 21 for the typical Texas town. 5 rated (E)F2 or stronger. The strongest, an F4, struck on May 27, 1997 about 0.8 miles from the town center and killed 1. Tornadoes within 10 miles have caused 2 deaths and 9 injuries since 1950. The most recent was on April 2, 2017.
Hail of 1 inch or larger has been reported within 10 miles 56 times; the largest was 3.00 inches on April 20, 2006.
Severe weather in Travis County since 1996
Travis County has been included in 37 federal disaster or emergency declarations since 1953, most often for fire, flood, drought.
| Declared | Incident | Declaration |
|---|---|---|
| July 6, 2025 | Flood | DR-4879: Severe Storms, Straight-Line Winds, And Flooding |
| April 21, 2023 | Winter Storm | DR-4705: Severe Winter Storm |
| February 19, 2021 | Severe Ice Storm | DR-4586: Severe Winter Storms |
| February 14, 2021 | Severe Ice Storm | EM-3554: Severe Winter Storm |
| August 24, 2020 | Hurricane | EM-3540: Tropical Storms Marco And Laura |
Jobs and pay in Travis County
Travis County had 903,333 jobs in 2024, paying an average of $96,267 a year. Unemployment was 3.3% in 2023; in Lakeway itself the ACS puts it at 3.5%.
Public schools in Lakeway
1 public school with 751 students, about 18.3 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| ROUGH HOLLOW EL | PK-5 | 751 | 18.3 |
Towns near Lakeway
- The Hills, TX0.6 mi · 2,613 people · home $846,000
- Bee Cave, TX3.6 mi · 9,144 people · home $776,400
- Hudson Bend, TX5.4 mi · 4,005 people · home $678,400
- Steiner Ranch, TX5.4 mi · 16,713 people · home $826,500
- Lago Vista, TX6.8 mi · 8,896 people · home $420,000
- Barton Creek, TX8.5 mi · 3,356 people · home $2,000,001
- West Lake Hills, TX11.2 mi · 3,444 people · home $1,664,500
- Belterra, TX11.5 mi · 6,170 people · home $773,400
Lakeway questions
Is Lakeway, Texas a good place to retire?
On The Town Files lifestyle rankings, Lakeway scores better for retirees than 83% of Texas towns and quieter than 56%. 23.0% of residents are 65 or older (median age 49.8).
How much does a house cost in Lakeway?
The median owner-occupied home in Lakeway is valued at $841,300 (Census ACS 2020–2024), against a median household income of $190,060, so homes cost about 4.4 times income. Median rent is $2,981 a month.
What is the weather like in Lakeway?
July highs average 94.2°F and January lows 38.9°F (NOAA 1991–2020 normals). It gets about 35.7 inches of precipitation a year and 0.2 inches of snow.
Does Lakeway get tornadoes?
14 tornadoes have passed within 10 miles of Lakeway since 1950 (NOAA Storm Events); the strongest was a F4 on May 27, 1997. The typical Texas town has had 21.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)