Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 104,039 people, 38,430 houses or apartments, and a median cost of homes of $209,916, Lewisville real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Lewisville, accounting for 45.75% of the city's housing units. Other types of housing that are prevalent in Lewisville include single-family detached homes ( 43.68%), mobile homes or trailers ( 4.50%), and a few row houses and other attached homes ( 3.99%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Lewisville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Lewisville has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Lewisville built from 1970 to 1999 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 between 2000 and later ( 24.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.17%).
In the last 10 years, Lewisville has experienced some of the highest home appreciation rates of any community in the nation. Lewisville real estate appreciated 44.36% over the last ten years, which is an average annual home appreciation rate of 3.74%, putting Lewisville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lewisville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 10.53%, which is higher than appreciation rates in 95.18% 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 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Lewisville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Lewisville's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Lewisville real estate investment or home purchase decisions.
|$1,005,001 - $1,340,000||0.1|
|$670,001 - $1,005,000||0.4|
|$536,001 - $670,000||0.6|
|$402,001 - $536,000||2.4|
|$268,001 - $402,000||23.6|
|$134,001 - $268,000||55.6|
|$67,001 - $134,000||9.5|
|$0 - $67,000||7.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lewisville HOMES|
|2000 or Newer||24.6|
|1970 - 1999||68.3|
|1940 - 1969||6.2|
|1939 or Older||0.9|
|TYPE OF Lewisville HOMES|
|Small Apt. Buildings||2.0|
|SIZE OF Lewisville HOMES|
|5 or more bedrooms||1.80|