The story of this market
The typical home in ZIP 78734 sells for about $649,999, or $237 per square foot.
Homes take about 223 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,650 a month.
ZIP 78734 — Lakeway
The 78734 housing market is currently cold, characterized by high days on market and weak buyer demand. Median listing prices remain high at $850,000, while rental rates are seeing downward pressure. The market is currently experiencing elevated interest rate pressure and low sales volume.
This ZIP is well-suited for affluent families and retirees seeking lake-oriented living, golf course access, and a suburban environment within reach of Austin's amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 223 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 78734, Travis County TX
The area is served by the Lake Travis Independent School District, which is generally characterized as a high-performing district within the region.
The area is subject to wildfire risks common to the Texas Hill Country and potential flood risks near Lake Travis; property insurance premiums are influenced by these regional hazard exposures.
Development is driven by lake-oriented residential projects and proximity to the Austin employment core, with ongoing infrastructure maintenance to support the growing population.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents typically commute via RM 620 and Highway 71 toward the Austin employment core, with commute times varying significantly based on traffic congestion.
The area features extensive access to Lake Travis for boating and water sports, numerous golf courses, and proximity to local parks and greenbelts.
The rental market is currently experiencing downward pressure on rents with a cold market temperature, reflecting a shift in demand for single-family residential rentals.
The local economy is anchored by residential services, tourism related to Lake Travis, and proximity to the broader Austin technology and professional services sector.
Transportation is primarily automobile-dependent, relying on RM 620 and Highway 71 as the main corridors for regional connectivity.
Development is focused on infill residential projects and the maintenance of existing lake-oriented infrastructure.
The Travis Central Appraisal District manages property assessments for the area, utilizing market-based valuation methods.
Parcels are subject to various special districts, including Lake Travis ISD, municipal utility districts, and emergency services districts.
Property insurance costs are elevated due to regional wildfire and storm risks, with market health reflecting broader Texas insurance trends.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Cidercade Austin4.414.7 mi
- Austin’s4.118.1 mi
- Austin Aquarium410.9 mi
- Museum of Illusions Austin4.513.3 mi
- Pinballz Lake Creek4.711.4 mi
- Moody Center4.414.3 mi
- The Oasis On Lake Travis4.25.2 mi
- Mozart's Coffee Roasters4.511 mi
- H-E-B Center at Cedar Park4.514.3 mi
- Alamo Drafthouse Cinema South Lamar4.513.4 mi
- Zilker Metropolitan Park4.812.5 mi
- Mozart's Coffee Roasters4.511 mi
- Zilker Botanical Garden4.612.5 mi
- AMC Barton Creek Square 143.811.2 mi
- Alamo Drafthouse Cinema Lakeline4.411.4 mi
- Texas Capitol4.713.9 mi
- Palmer Events Center4.513.8 mi
- Bullock Texas State History Museum4.713.8 mi
- Thinkery4.615.3 mi
- Blanton Museum of Art4.713.9 mi
- Zilker Metropolitan Park4.812.5 mi
- Zilker Botanical Garden4.612.5 mi
- Emma Long Metropolitan Park4.66.9 mi
- Mayfield Park and Nature Preserve4.711.2 mi
- Hippie Hollow Park4.64.9 mi
- Texas Rowing Center4.612.5 mi
- Lakeway Marina4.72.3 mi
- Paradise Cove Marina44 mi
- Highland Lakes Marina3.95.7 mi
- Riviera Marina4.75.9 mi
- Falconhead Golf Club3.73.4 mi
- Barton Creek Country Club4.67.4 mi
- Lions Municipal Golf Course4.311.5 mi
- River Place Country Club4.35.2 mi
- Grey Rock Golf Club & Tennis4.112.9 mi
- Barton Creek Square4.411.3 mi
- Lakeline Mall4.211.1 mi
- H-E-B4.511.8 mi
- T.J. Maxx412.1 mi
- Nordstrom Rack4.212.4 mi
- Austin-Bergstrom International Airport4.120.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional reservoir providing boating, fishing, and recreational access.
Multiple golf facilities serving the local community.
Key-figure check: median price diverges 30.8% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $850,000 (+30.8% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.