Real Estate Investing in Lakeway, Texas (78734)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78734 (Lakeway, TX)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -1.3% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Lakeway, TX (78734)?
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Market Analysis: 78734 Lakeway
This part of Travis County is not an easy win. The 78734 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 78734 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 78734 and stronger Lakeway ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 78734 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 78734 is an operator game, not a passive one. Turning to rents, entry prices of $619K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lakeway:
Property Strategy for 78734
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $404,745 | $2,300 | 4.1% | +1.7% | $202,373 |
| 3BR | $535,033 | $2,910 | 3.9% | +3.9% | $178,344 |
| 4BR | $796,874 | $3,430 | 3.1% | +6.0% | $199,219 |
| 5BR | $1,399,202 | — | — | +7.5% | $279,840 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78734 Compare?
| Metric | 78734 | Lakeway | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $619,351 | $619,351 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $2,762 | $2,762 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78734 (Lakeway, TX). Anonymous, moderated, never written by AI.
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Property managers serving Travis County
Manage rentals here? List your business →512-Society Property Management provides single-family and multi-family property management services across North Austin and Round Rock since 2005. summary from their website
Darwin Homes offers tech-driven property management services, making renting easy with 24/7 support, smart locks for viewings, and assistance with moving and utility setup. summary from their website
Guest Haus Property Management offers Airbnb and vacation rental management services in Austin. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $619,351 |
| Monthly Rent | $2,762 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 2.2% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | -3.7% ▼ |
| 5-Year CAGR | -1.3% ▼ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 78734
Population: 22,091
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 78734
Schools in This ZIP Code
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are rents high in Lakeway, TX?
Investors in Lakeway, TX typically see rents near $2,762/mo per month against $619K home values - a solid setup for rental cash flow.
What strategy should investors use in Lakeway, TX?
For Lakeway, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Lakeway, TX rate as a rental market?
Lakeway, TX records an investability rating of 2.0/5, with median home values near $619K and average rents around $2,762/mo. That combination puts it in the substantial tier for investor interest.
Is it easy to find good tenants in Lakeway, TX?
Lakeway, TX draws a steady base of working renters. Demand at the $2,762/mo rent level is reasonable for standard single-family and small multi rentals.
Do landlords face vacancy issues in Lakeway, TX?
Lakeway, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
You know 78734 now. You don’t know where it ranks.
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How 78734 ranks in Austin-Round Rock-Georgetown, TX
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