Lakeway, TX

View of Lakeway, TX
Image credit: slk230 / CC BY-SA 3.0
Population
19,027
U.S. Census Population Estimates Program · 2025
Elevation
808 ft
Median Home Value
$841,300
U.S. Census American Community Survey 5-Year · 2024
Median Rent
$2,981/mo
U.S. Census American Community Survey 5-Year · 2024
Median Income
$190,060
U.S. Census American Community Survey 5-Year · 2024
General Quality
Overall rating out of 100

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About Lakeway

Lakeway sits in the rolling limestone hills on the south shore of Lake Travis, roughly 25 miles west of downtown Austin. The town started in the 1960s as a quiet resort community built around a hotel, marina, golf courses, and a private airpark. Over the decades, it grew into a sought-after Hill Country suburb of about 19,000 residents, keeping much of that relaxed, vacation-town atmosphere. Winding streets, scenic vistas, and homes oriented toward the water or green canyons give the whole area a distinctly open, laid-back feel.

Lake Travis Community Library

Housing options range from vintage custom homes tucked into quiet older neighborhoods to golf-course villas and modern master-planned communities like Rough Hollow. Because the town is built across steep hillsides, many homes offer incredible sunset views, though you will want to pay attention to driveway slopes and retaining walls when touring properties. Waterfront access also differs from street to street, so make sure to check whether a neighborhood includes dedicated boat ramps, marina slips, or private park access. Lake Travis water levels rise and fall with Central Texas weather patterns, and the heavily wooded lots mean you will share your yard with local deer while keeping standard Hill Country wildfire safety practices in mind.

Lake Travis Elementary School

While Lakeway is primarily a residential community, you will find plenty of everyday shopping, restaurants, private clubs, and a major regional medical center right in town. Many locals commute into Austin or neighboring tech corridors for work, with drive times typically averaging between 30 and 45 minutes. Ranch Road 620 acts as the main lifeline through the area, carrying most of the local traffic. It can get congested during rush hours and sunny summer weekends, so anyone relocating here should test-drive their daily routes at peak times to get a realistic sense of the drive.

Lakeway Elementary School Lake Travis

Outdoor recreation is woven directly into daily life. Lakeway City Park serves as the community hub for lake access, complete with kayak launches, sports courts, walking trails, a dog park, and shady picnic spots on the water. Inland, the Hamilton Greenbelt and Canyonlands trails offer peaceful hikes through limestone bluffs and wooded creek beds. Community life stays active year-round through the Lakeway Activity Center, summer movie nights, art shows, and a popular Fourth of July parade. It is an appealing spot for anyone who wants lake living, golf, and scenic trails without giving up good schools and everyday suburban conveniences.

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