What HUD offices serve Lakeway, Texas?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Texas Public Housing and Low-Income Apartments Waiting Lists page for openings near Lakeway.
How many renters live in Lakeway, Texas?
The City of Lakeway has people living in households.
There are renters living in renter households in this City. Renters make up 14.69 percent of the population living in Lakeway.
What is the rental market like in Lakeway, Texas?
There are an estimated housing units in the Lakeway area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lakeway, Texas, there are 1.17 rental units.
What is the vacancy rate for rentals in Lakeway?
The rental vacancy rate in Lakeway is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Lakeway for each bedroom size?
Occupied Rental Units by Size in Lakeway
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 58 | 185 | 301 | 507 | 185 |
Occupied Rental Units by Size in Lakeway
A large number of apartments in Lakeway have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Lakeway
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,519 to $2,840. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,519 |
| One BR | $1,635 |
| Two BR | $1,924 |
| Three BR | $2,470 |
| Four BR | $2,840 |
2024 Fair Market Rents in Lakeway, Texas
How many units are rented at Fair Market Rent (FMR) in Lakeway?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 45 | 78 percent |
| One BR | 13 | 7 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Lakeway, Texas
How many affordable rental units are in Lakeway?
Income Based Apartments in Lakeway, Texas
Lakeway features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Lakeway, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lakeway.
Housing Choice Vouchers in Lakeway, Texas
On average, Section 8 Housing Choice vouchers pay Lakeway landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lakeway.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lakeway, Texas for a two-bedroom apartment is between $1,732 and $2,116.
Sourced from federal housing data and AffordableHousingOnline.com research.