Little Elm, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Little Elm, TX Housing Market Trends

With a population of 53,126, 14,468 total housing units (homes and apartments), and a median house value of $274,592, Little Elm real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Little Elm, accounting for 84.93% of the city's housing units. Other types of housing that are prevalent in Little Elm include large apartment complexes or high rise apartments ( 7.23%), mobile homes or trailers ( 5.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Little Elm. Owner-occupied housing accounts for 76.53% of Little Elm's homes, and 82.80% have either three or four bedrooms, which is average sized relative to America.

Little Elm homes and real estate are some of the newest in America. 88.03% of Little Elm's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Little Elm real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 10.90%), and between 1940-1969 ( 0.69%).

Little Elm Home Appreciation Rates

In the last 10 years, Little Elm has experienced some of the highest home appreciation rates of any community in the nation. Little Elm real estate appreciated 92.44% over the last ten years, which is an average annual home appreciation rate of 6.77%, putting Little Elm in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Little Elm definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Little Elm appreciation rates have trailed the rest of the nation. In the last twelve months, Little Elm's appreciation rate has been 6.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little Elm were at 2.74%, which equates to an annual appreciation rate of 11.41%.

Relative to Texas, our data show that Little Elm's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$274,592

Little Elm, TX HOME PRICES

> $1,222,000
0.1%
0.1%
$917,001 - $1,222,000
0.1%
0.1%
$611,001 - $917,000
1.1%
1.1%
$489,001 - $611,000
3.7%
3.7%
$367,001 - $489,000
18.5%
18.5%
$244,001 - $367,000
44.0%
44.0%
$122,001 - $244,000
26.0%
26.0%
$61,001 - $122,000
2.0%
2.0%
$0 - $61,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
14,468

Little Elm Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
111.69% 3.55%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,700 / per month

Homeownership Rate

Owners
76.5%
76.5%
Renters
23.5%
23.5%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
88.0%
88.0%
1970 - 1999
10.9%
10.9%
1940 - 1969
0.7%
0.7%
1939 or Older
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.9%
84.9%
Townhomes
1.0%
1.0%
Small Apt. Buildings
1.5%
1.5%
Apt. Complexes
7.2%
7.2%
Mobile Homes
5.3%
5.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
5.7%
5.7%
2 Bedrooms
4.4%
4.4%
3 Bedrooms
42.3%
42.3%
4 Bedrooms
40.5%
40.5%
5 or more bedrooms
6.8%
6.8%
0.0% 100.0%
% OF HOMES