Cost of Living & Housing in Canyon Lake
Canyon Lake runs only modestly above the US national median on housing, with genuinely low property taxes for the area -- a relatively affluent, low-tax pocket of Comal County, though buyers should note this is an unincorporated community with a commute-dependent local economy.
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Learn moreHousing Prices
Redfin cites a $424,000 median sale price for the most recent month, down 6.9% year over year -- modestly above the $408,776 US national median sale price for June 2026, consistent with a real, but not extreme, lake-proximity premium over inland Comal County housing generally.
Property Taxes Run Genuinely Low for the Area
Ownwell's median effective property tax rate for the Canyon Lake (78133) area is 0.83%, below both the national median (1.02%) and Comal County's own 1.48% countywide average. The average Canyon Lake homeowner pays $3,208/year in property tax, versus a $4,693/year Comal County average -- a real, disclosed tax advantage within the county, likely reflecting lower average assessed values relative to New Braunfels proper.
A Relatively Affluent, Older Community
Median household income is $97,301 with a 7.27% poverty rate -- a relatively affluent community by both Texas and national standards. Roughly 22%-29% of the population is 65 or older depending on how the share is measured, against a median age of 48.2, consistent with a genuine retiree draw alongside younger commuter households.
No Local Income Tax, But No Local Job Market Either
Texas's no state income tax applies fully here, but Canyon Lake itself is not an employment center -- professional employment for most residents means commuting to New Braunfels (about 15 minutes away), San Antonio, or Austin. Factor a real commute cost and time into any cost-of-living comparison.
Key takeaways
- Canyon Lake's median sale price ($424,000) runs modestly above the $408,776 US national median (June 2026).
- Effective property tax rate (0.83% for the 78133 area) is genuinely low for Comal County -- well below the county's 1.48% average, with the typical homeowner paying $3,208/year versus a $4,693 county average.
- Median household income ($97,301) is relatively high, with a low 7.27% poverty rate.
- No state income tax applies, but Canyon Lake has minimal local employment -- budget for a real commute to New Braunfels, San Antonio, or Austin.
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