Little Elm, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Little Elm Neighborhoods Since 2000




Little Elm, TX Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Little Elm Housing Market Information

With a population of 38,341, 10,239 total housing units (homes and apartments), and a median house value of $204,956, 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 88.01% of the city's housing units. Other types of housing that are prevalent in Little Elm include mobile homes or trailers ( 6.03%), large apartment complexes or high rise apartments ( 4.30%), and a few row houses and other attached homes ( 1.50%).

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 78.03% of Little Elm's homes, and 83.42% 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. 83.81% 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 ( 13.59%), and between 1940-1969 ( 1.68%).

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 39.15% over the last ten years, which is an average annual home appreciation rate of 3.36%, 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.

Appreciation rates are so strong in Little Elm that despite a nationwide downturn in the housing market, Little Elm real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Little Elm appreciation rates continue to be some of the highest in America, at 8.16%, which is higher than appreciation rates in 87.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Little Elm. Little Elm appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Little Elm 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 Little Elm's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$204,956

Little Elm, TX HOME PRICES

Value Range
> $1,325,000 0.1
$994,001 - $1,325,000 0.2
$662,001 - $994,000 0.3
$530,001 - $662,000 0.7
$397,001 - $530,000 3.9
$265,001 - $397,000 22.4
$132,001 - $265,000 66.6
$66,001 - $132,000 3.6
$0 - $66,000 2.2

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
31.0617602250088 15.9533073929961

Number Of Homes And Apartments:
10,239

Little Elm Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
57.00% 2.65% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,900 / per month

Homeownership Rate

Homeownership
Owners 78.03
Renters 21.97
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Little Elm HOMES
2000 or Newer 83.8
1970 - 1999 13.6
1940 - 1969 1.7
1939 or Older 0.9

Types of Homes

TYPE OF Little Elm HOMES
Single-Family 88.0
Townhomes 1.5
Small Apt. Buildings 0.2
Apt. Complexes 4.3
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Little Elm HOMES
No Bedroom 0.87
1 Bedroom 4.09
2 Bedrooms 4.34
3 Bedrooms 46.37
4 Bedrooms 37.04
5 or more bedrooms 7.28