Canyon Lake, Texas Housing Market Prices
Canyon Lake Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the Texas median$329,643
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Median rent 6% below the Texas median$1,323
Housing Market Overview
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $329,643 | $258,873 | $248,835 |
| Price Trend (Annual %) | 0.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,323 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Canyon Lake is about 27% higher than in Texas. Rent is about 6% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Canyon Lake, up about 0.5% and 4.3% a year respectively. Rent is changing faster.
Median rent in Canyon Lake rose about 36.9% between 2015 and 2024, from $966 to $1,323. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Canyon Lake.
Buying the median-priced home in Canyon Lake costs roughly 20.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Canyon Lake. The price-to-rent ratio in Texas is about 15.4.
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $329,643 | $258,873 | $248,835 |
| Median Household Income | $93,666 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Canyon Lake rose about 131.8%, while median household income rose about 50.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.1% | 56.7% | 58.5% |
| Rental Rate | 11.8% | 33.9% | 31.2% |
| Vacancy Rate | 13.0% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Canyon Lake has a homeownership rate of 75.1%, higher than the Texas average of 56.7%. Its housing vacancy rate is 13.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Canyon Lake | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2000 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Canyon Lake was built around 2000. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Canyon Lake, TX Housing Compared With Nearby Cities
How Canyon Lake, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Canyon Lake, TX | 33,085 | $329,643 #1/2 | $1,323 #2/2 | 86.4% #1/2 |
| New Braunfels, TX | 78,595 | $309,810 | $1,633 | 63.7% |
Frequently Asked Questions
Common questions about the housing market in Canyon Lake, Texas.
What is the median home price in Canyon Lake, Texas?
The median home price in Canyon Lake, Texas is $329,643, higher than the Texas average of $258,873.
What is the average home price in Canyon Lake, Texas?
The typical home price in Canyon Lake, Texas, reported as the median sale price, is $329,643. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Canyon Lake, Texas?
The median gross rent in Canyon Lake, Texas is $1,323 per month, lower than the Texas average of $1,402.
What was the median gross rent in Canyon Lake in 2020?
In 2020, the median gross rent in Canyon Lake, Texas was $1,167 per month.
What is the price-to-rent ratio in Canyon Lake, Texas?
The price-to-rent ratio in Canyon Lake, Texas is about 20.8, meaning it would take roughly 20.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Canyon Lake.
Are home prices or rent rising faster in Canyon Lake, Texas?
Both home prices and rent are rising in Canyon Lake, up about 0.5% and 4.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Canyon Lake, Texas?
75.1% of households in Canyon Lake, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Canyon Lake, Texas?
The housing vacancy rate in Canyon Lake, Texas is 13.0%, higher than the Texas average of 9.4%.
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