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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

20509 Highland Lake Dr Lago Vista, TX 78645

2 Beds 2 Baths 1,938 sqft Built 1985
Last updated:  Jan 23, 2020

INVESTimate

$325,466

$297K - $354K

Price Est.

$1,505

$1.3K - $1.7K

Rent Est.

$354,498  ( +8.92%)   1 YR EST. FORECAST

20509 Highland Lake Dr PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $167.94
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,938 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
20509 Highland Lake Dr, Lago Vista, TX 78645 is a single family home of 1,938 sqft. HomeUnion estimate for 20509 Highland Lake Dr includes a Price Estimate of $325,466 and a Rent Estimate of $1,505. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 5.55% and Total Return of 20.37%. The estimated 1 year forecast in home value for 20509 Highland Lake Dr is 8.92%.
  
  
  

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20509 Highland Lake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAGO VISTA ELEMENTARY SCHOOL Primary Regular 587 39 8
LAGO VISTA MIDDLE SCHOOL Middle Regular 335 21 8
LAGO VISTA HIGH SCHOOL High Regular 407 31 8

LAGO VISTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 39
8
GreatSchools Rating

LAGO VISTA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 21
8
GreatSchools Rating

LAGO VISTA HIGH SCHOOL

  • Education Level: High
  • # of students: 407
  • # of teachers: 31
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Highland Lake Estates

  • 1,891

    POPULATION
  • 753

    HOUSEHOLDS
  • 77.7%

    WHITE COLLAR

Neighborhood : Highland Lake Estates

HOUSEHOLDS
753
POPULATION

1,891

19.5%Renters
80.5%Home Owners
LABOR FORCE

 

77.7%White Collar
22.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,505 per month.

MY RENT : $1,505 MEDIAN RENT : $1,620

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.5%
>=$1,500 62.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,505 would therefore be considered affordable for annual household incomes greater than $60,200 (12 months x 3.333 x $1,505).

Rent % Affordability
Above $500 88.2%
Above $700 82.8%
Above $1,100 75.7%
Above $1,500 64.9%
Above $1,900 57.6%
HOUSEHOLD INCOME RANGE

Approximately 338 of households in this neighborhood have a total annual income of $60,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,505 per month.

MINIMUM INCOME RANGE : $60,200

Income % Distribution
<$20K 11.8%
$20K-$35K 8.8%
$35K-$60K 14.5%
$60K-$100K 33.1%
>=$100K 31.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 5.8%
10-14 mins 5.2%
15-19 mins 12.1%
20-29 mins 7.1%
30-44 mins 27.7%
45-59 mins 24.2%
>60 mins 16.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,505 per month.

MY RENT : $1,505 MEDIAN RENT : $1,620

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.5%
>=$1,500 62.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,505 would therefore be considered affordable for annual household incomes greater than $60,200 (12 months x 3.333 x $1,505).

Rent % Affordability
Above $500 88.2%
Above $700 82.8%
Above $1,100 75.7%
Above $1,500 64.9%
Above $1,900 57.6%
HOUSEHOLD INCOME RANGE

Approximately 338 of households in this neighborhood have a total annual income of $60,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,505 per month.

MINIMUM INCOME RANGE : $60,200

Income % Distribution
<$20K 11.8%
$20K-$35K 8.8%
$35K-$60K 14.5%
$60K-$100K 33.1%
>=$100K 31.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 5.8%
10-14 mins 5.2%
15-19 mins 12.1%
20-29 mins 7.1%
30-44 mins 27.7%
45-59 mins 24.2%
>60 mins 16.2%

Highland Lake Estates Demographics

INDUSTRY

Industry % Distribution
Construction 14.7%
Educational Services 9.1%
Financial Industries 11.8%
Health Care & Social Assistance 8.0%
Manufacturing 9.5%
Retail & Wholesale Trader 17.7%
Other 29.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 23% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 13.7%
15-19 7.3%
20-24 2.5%
25-44 20.3%
45-65 30.4%
66+ 25.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.1%
Construction 8.3%
Management, Business, & Financial 24.6%
Natural Resources Maintenance 9.2%
Production & Transportation 7.0%
Sales & Office 33.0%
Other 11.9%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.7%
High School 12.0%
Masters Degree 10.4%
Some College 27.7%
Some High School 3.3%
Other 36.0%

20509 Highland Lake Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TRAVIS County , or the 78645 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78745
  2. 78669
  3. 77024