Lakehills' housing stock is a product of its lake-country setting: a mix of modest single-family homes, manufactured and mobile homes, and hillside or lakefront properties on larger, often wooded lots. Many parcels are acreage-style, and the area includes vacation and seasonal dwellings alongside year-round residences. Construction spans several decades, and mature oaks shade many home sites. The lakefront and water-access properties are the most sought-after, while more affordable options cluster farther from the shoreline. Because development is spread out rather than platted into dense subdivisions, buyers encounter considerable variety in lot size, terrain, and home age from one street to the next.

Lakehills itself is a small, spread-out community rather than a collection of formal subdivisions, and its neighborhoods are loosely defined by their relationship to Medina Lake and the Farm Road 1283 corridor. Homes near the boat launches and shoreline cluster around lake access, while hillside parcels higher up offer water views across the ridges. The surrounding unincorporated Hill Country includes communities such as Mico and Pipe Creek that share the Bandera County lake-country character and feed into the same school system. This low-density, terrain-driven pattern means residents tend to identify with the lake and the county more than with named subdivisions.

Life in Lakehills centers on Medina Lake and the outdoors. Boating, fishing, kayaking, and lakeside gatherings anchor weekend rhythms, and the community's RV resort and campground draw seasonal visitors. The pace is unhurried and distinctly rural, with Hill Country wildlife and wide-open skies as daily backdrops. For services, entertainment, and dining, residents make the short drive into Bandera or further south into the San Antonio area, where shopping, restaurants, and attractions such as SeaWorld and Six Flags Fiesta Texas are within reach. The combination of lake recreation and proximity to a major city gives Lakehills a dual identity that suits retirees, lake enthusiasts, and San Antonio commuters alike.

Lakehills is served by Bandera Independent School District. Hill Country Elementary School, the district's second elementary campus, is located within Lakehills on Farm Road 1283, giving younger students a neighborhood option. Middle and high school students attend Bandera Middle School and Bandera High School in the county seat of Bandera. The district serves a wide geographic area across rural Bandera County, and school commutes are part of everyday life for families here. For higher education, residents look toward San Antonio's colleges and universities, a reasonable drive to the south.

Lakehills is reached primarily by Farm Road 1283, which connects the community north to Bandera and south toward the San Antonio area. The setting is rural, so personal vehicles are essential and there is no fixed-route public transit serving the community. San Antonio, roughly 25 to 30 miles away, provides the nearest major employment centers, international airport, and medical facilities. The drive into the metroplex passes through Hill Country terrain and connects to the region's highway network, making Lakehills feasible for commuters who value a lakeside setting over a short trip to the office.

Medina Lake is the centerpiece of recreation in Lakehills, offering boating, water skiing, fishing, and swimming, with boat launches and shoreline access scattered through the area. The Lake Medina RV Resort, set on a former Hill Country ranch, provides camping, shaded sites, and seasonal events for visitors. Beyond the water, the surrounding Bandera County Hill Country supports hiking, wildlife viewing, and scenic drives. The community's position also puts it within a short drive of San Antonio's larger attractions, including SeaWorld San Antonio and Six Flags Fiesta Texas, making it a convenient base for both outdoor and family recreation.