Canyon Lake is a small oasis in Comal County that hugs the historic Canyon Lake, from where its name is derived. The area can be found about 35 miles if you drive in the northeast direction coming from San Antonio or 40 miles southwest of Austin. Not many know it but the lake itself and the adjacent dam are being managed by the US Army Corps of Engineers.
Canyon Lake, just like the other towns that straddle the lake such as Hancock, Crane’s Mill, Startzville, Fischer, and Sattler, moves at its own relaxed pace. This area is perfect for older people who are trying to escape the hustle and bustle of city living.
This is a walking area and everything you need can be conveniently purchased in mom-and-pop stores or hole-in-a-wall establishments that are already established and well-entrenched in the community.
There’s a certain charm in the fact that everybody knows everybody. The community also looks out for one of its own. It means that while people are generally welcoming, they are also wary of strangers.
Population and Demographics
With a population of 24,223, this sanctuary is growing at a healthy rate. In terms of residence profile, 22% are 65 years and older, 19% are between 55 and 64, while 24.5% are between 35 and 54 years old. The median age here is higher than the rest of Texas. The distribution is unsurprising considering that this place—along with all the adjacent towns—is considered a retirement haven. It also means that the people have money to spend and each household owns an average of two vehicles.
The median household income in Canyon Lake is $56,544, which about the same than the rest of Texas, which has a median household income of $56,565. More than 9 in 10 of the residents here are White and because this is still Texas, 9.77% of the population comprises Hispanics or Latinos, with a sprinkling of African-Americans, Native American, Asian, and Pacific Islander.
The weather of Canyon Lake is classified as humid subtropical climate, with humid summers and mild winters, although there are occasional cold spells, as well. During the winter season, between December and March, the average low temperature is about 56 degrees Fahrenheit, which is perfect weather for older people as they can go out and not be wrapped in thick winter clothes. In December, however, the temperature can drop to as much as 40 degrees Fahrenheit so make sure the house you are purchasing has a working heater.
During the summer days, the temperature can get quite hot as it can soar to the 90s, particularly between June to September with the humidity peaking between July and August.
Economy and Healthcare
The job rate in Canyon Lake, TX grew 8.88% from 2014 to 2015. About 10,000 of the population earn monthly income through wages.
There’s a discrepancy in the wages of male and female workers. A typical male employee in Canyon Lake earns about $65,087 compared to just $41,762 for a female employee, although that’s still lower than the national average wage discrepancy. The highest paid are those involved in quarrying, mining, oil and gas extraction as they earn an average of $76,643.
In terms of employment distribution, 13.1% are in retail and trade, 12.7% are involved in healthcare and social assistance, 10.1% are in the construction industry, 8.1% are in educational services, and 7.6% are involved in professional and scientific technology.
The ratio of healthcare professionals to patients here is higher than the national average of 1:340. The ratio of primary care clinicians to patient in Canyon Lake is 1:75 and there’s one dentist for 63 people. This is understandable considering the number of middle-aged to elderly residents here.
Although public transportation is available, employees either drive their car to work or carpool. Also, a good number of residents either work from home or are retired.
What to do in Canyon Lake
The US Army Corps of Engineers built a lot of parks and camping areas surrounding the lake. You can go jogging, walk your dog, trek around the trail in the woods and just sit on the bench while watching the lake. You can ride a bike or rent a horse and just meander leisurely along a path as you explore a new trail.
For recreation, there are a number of festivals throughout the year that you can attend. The Annual Canyon Lake BBQ Cook Off is probably one of the most anticipated, there’s also the Shrimp fest, which falls around October, and the Annual Christmas Tree Lighting Festival.
Living in the lake has its advantages because you can go swimming, kayaking, or boating. The government actually has boat ramps that you can use to access the lake. Of course, lakefront properties typically have their own private docks where you can park your yacht, dinghy, sailboat or motorboat. If you don’t own a boat, you can rent several of the jet skis, kayaks and dinghies at the marina for water activities. There’s just so much to do and explore in a lakeshore that spans 80 miles.
As an investment, the area is very attractive because lakefront properties are always sought after by buyers. This can be gleaned by the percentage of annual increase in the cost of homes. For instance, the average value of homes in Canyon Lake is about $238,500, which is far higher than the $174,000 median value of homes in entire Texas.
The Canyon Lake home price actually reflected a eight percent increase from the 2016 average. In 2018, the average cost of properties in this community is projected to rise about four percent more.
Per square foot, the value of homes in Canyon Lake is placed at around $160, which is even higher than the median square footage in San Antonio. The average listed price of residential properties in Canyon Lake is around $270,000.
The reason why property costs are high is two-fold: first the location because of the scenic view of the lake; and second, is the almost negligible delinquency in foreclosure or half of the national average of 1.6% mortgage delinquency rate.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the Central Texas MLS. This information is provided exclusively for consumers personal, non-commercial use, that may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.