Neighborhood in Lakeway, Travis County

Living in Central Lakeway, Lakeway

A

2nd of 4areas in Lakeway
Overall score 94 of 100 vs Texas neighborhoods
Lakeway overall: A

Central Lakeway covers part of Lakeway, TX, home to about 4,400 people. It gets an A, in the top 12% of Texas neighborhoods, and ranks 2nd of 4 areas we score in Lakeway. It does best on education levels and worst on errands and things to do.

  • Top-rated schools
  • Pricey
  • Well connected
  • Lots of parks
  • River flooding risk is very high
  • Tornado risk is very high

Closest everyday places

Grocery store1.1 mi
Pharmacy2.0 mi
Park0.5 mi
Cafe0.8 mi
Restaurant0.6 mi
Gym0.7 mi
Hospital or urgent care2.0 mi
Childcare1.1 mi
Library2.0 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
4,400
Median rent
$3,230
Median home value
$752,000
Household income
$176,800
Average commute
27 min
Homes owned
95%
Loading map

What it's like to live in Central Lakeway

Central Lakeway is an area in Lakeway with about 4,400 residents, homes built around 1985, mostly owner-occupied (95%) and 18% of households with children.

It grades A against every neighborhood in Texas and ranks 2nd of 4 areas in Lakeway, which grades A overall.

Pros of living in Central Lakeway

  • Well-rated schools nearby. 3 of the 3 closest public schools are rated A or B.

Cons of living in Central Lakeway

  • Natural hazard risk. FEMA rates the risk of river flooding, tornadoes and hail as very high in this part of town.

Central Lakeway report card

Each grade compares Central Lakeway with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade C-

    Median rent $3,230, homes cost 4.3x income.

    40 of 100 vs TX areas

  • Jobs and income: grade A

    Median household income $176,800, 1.3% unemployed.

    90 of 100 vs TX areas

  • Schools: grade A

    Nearby schools average 90 of 100 on the state rating.

    91 of 100 vs TX areas

  • Safety: no grade

    Citywide, 68 violent crimes per 100k, 836 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade C-

    Some everyday stores and services within a mile of homes.

    32 of 100 vs TX areas

  • Getting around: grade C+

    Average commute 27 min, 53% work from home.

    51 of 100 vs TX areas

  • Education levels: grade A

    70% have a bachelor’s degree.

    94 of 100 vs TX areas

  • Health: grade A

    6.2% of adults uninsured.

    92 of 100 vs TX areas

  • Home ownership: grade B-

    95% of homes owner-occupied.

    63 of 100 vs TX areas

  • Internet access: grade A

    100% of homes have broadband.

    91 of 100 vs TX areas

Central Lakeway compared with Lakeway

Better than Lakeway

  • Renters paying 30%+ of income on rent: 6.1%42 points lower than Lakeway (48%)
  • Homes owned by the people living in them: 95%9 points higher than Lakeway (86%)
  • Average commute: 27 min6% lower than Lakeway (29 min)

Worse than Lakeway

  • Vacant homes: 13%5 points higher than Lakeway (8.5%)
  • Adults with a bachelor's degree or higher: 70%4 points lower than Lakeway (74%)
  • Median rent: $3,2308% higher than Lakeway ($2,981)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • ALakeway ElementaryElementary, Lake Travis ISD1.8 mi
  • BHudson Bend MiddleMiddle, Lake Travis ISD2.7 mi
  • ALake Travis High SchoolHigh, Lake Travis ISD3.6 mi

Cost of living in Central Lakeway

Median rent in Central Lakeway is $3,230 a month, 8% higher than the Lakeway median. A household would need about $129,000 a year to keep that rent at 30% of income.

The median home is worth $752,000, 11% lower than the Lakeway median, which means a monthly payment of about $4,782 with property tax at today's mortgage rates.

MeasureHereLakewayTexas
Median rent8% higher than Lakeway$3,230$2,981$1,403
Median home value11% lower than Lakeway$752,000$841,300$283,800
Home value to income4% lower than Lakeway4.3x4.4x3.6x
Renters paying 30%+ of income on rent42 points lower than Lakeway6.1%48%52%
Homes owned by the people living in them9 points higher than Lakeway95%86%63%
Vacant homes5 points higher than Lakeway13%8.5%9.4%
Median year homes were builtAbout the same as Lakeway198520041992

Monthly cost to buy a median home

$4,782
Mortgage payment
$4,116
Property tax
$666
Median rent, for comparison
$3,230

Based on a $752,000 home in Central Lakeway, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereLakewayTexas
Median household income7% lower than Lakeway$176,800$190,060$78,476
Unemployment rate2 points lower than Lakeway1.3%3.5%5.3%
People below the poverty line2 points higher than Lakeway4.9%2.5%14%
Adults with a bachelor's degree or higher4 points lower than Lakeway70%74%34%
Average commute6% lower than Lakeway27 min29 min27 min
Workers who work from home3 points higher than Lakeway53%50%14%
Workers who walk, bike or take transitAbout the same as Lakeway2.6%2.7%2.6%
Homes with broadband internetAbout the same as Lakeway100%99%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingVery high
  • HurricanesModerate
  • TornadoesVery high
  • HailVery high
  • Heat wavesHigh
  • WildfiresLow
  • Winter stormsLow
  • Strong windModerate

Who lives in Central Lakeway

Under 1815%
18 to 349.7%
35 to 6449%
65 and over26%
Race and ethnicity
White84%
Hispanic or Latino8.5%
Black0.6%
Asian2.0%
Other or more than one race4.9%

Shown for information only. It is never part of any grade.

Other neighborhoods in Lakeway

  1. 1A+Vistas at Lakeway
  2. 3AWest LakewayMedian rent $3,500+
  3. 4ABella MontagnaMedian rent $2,350

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. ACentral SouthlakeSouthlake
  2. ACastlegate IICollege Station
  3. APreserve at Stone OakRound Rock

Questions about Central Lakeway

Is Central Lakeway a good place to live?

Central Lakeway covers part of Lakeway, TX, home to about 4,400 people. It gets an A, in the top 12% of Texas neighborhoods, and ranks 2nd of 4 areas we score in Lakeway. It does best on education levels and worst on errands and things to do.

How much does it cost to live in Central Lakeway?

Median rent in Central Lakeway is $3,230 a month, 8% higher than the Lakeway median. The median home is worth $752,000, 11% lower than the Lakeway median. A median home costs 4.3x the median household income, compared with 4.4x across Lakeway.

What schools serve Central Lakeway?

The closest rated public schools are Lakeway Elementary (elementary, rated A), Hudson Bend Middle (middle, rated B) and Lake Travis High School (high, rated A). School zones can differ from the closest school, so check with the district.

This area groups 3 Census block groups in this part of Lakeway that have no neighborhood name on the map. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.