Lewisville appreciation rates and housing market information

Lewisville housing market information

With a population of 77,514, 31,720 total housing units (homes and apartments), and a median house value of $176,691, Lewisville real estate is some of the most expensive in Texas, although Lewisville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lewisville, accounting for 50.91% of the city's housing units. Other types of housing that are prevalent in Lewisville include large apartment complexes or high rise apartments (38.11%), mobile homes or trailers (5.73%), duplexes, homes converted to apartments, or other small apartment buildings (2.88%), and a few row houses and other attached homes (2.18%).

The most prevalent building size and type in Lewisville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 50.95% owning, and 43.70% renting.

There is a lot of housing in Lewisville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lewisville built from 1995 and later (35.20%). A lesser amount of the housing stock also hails from 1940-1969 (7.44%), and some were built from 1939 and earlier (7.44%).

Lewisville home appreciation rates

Lewisville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lewisville during the period has been just 5.42%, which is lower than % of US communities.

Appreciation rates are so strong in Lewisville that despite a nationwide downturn in the housing market, Lewisville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewisville appreciation rates continue to be some of the highest in America, at 3.00%, which is higher than appreciation rates in 75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewisville. Lewisville appreciation rates in the latest quarter were at 0.86%, which equates to an annual appreciation rate of 3.44%.

Relative to Texas, our data show that Lewisville's latest annual appreciation rate is higher than 41% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lewisville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lewisville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Lewisville real estate investment or home purchase decisions.