Little Elm, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 46,548, 12,421 total housing units (homes and apartments), and a median house value of $221,613, 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 87.19% of the city's housing units. Other types of housing that are prevalent in Little Elm include large apartment complexes or high rise apartments ( 6.94%), mobile homes or trailers ( 4.30%), and a few row houses and other attached homes ( 1.14%).

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 74.59% of Little Elm's homes, and 81.31% 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. 87.01% 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 ( 11.05%), and between 1940-1969 ( 0.98%).

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 54.43% over the last ten years, which is an average annual home appreciation rate of 4.44%, 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 1.27%, 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 1.21%, which equates to an annual appreciation rate of 4.91%.

Relative to Texas, our data show that Little Elm's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$221,613

Little Elm, TX HOME PRICES

Value Range
> $1,254,000 0.3
$940,001 - $1,254,000 0.2
$627,001 - $940,000 0.4
$502,001 - $627,000 4.5
$376,001 - $502,000 10.2
$251,001 - $376,000 36.8
$126,001 - $251,000 43.0
$63,001 - $126,000 2.3
$0 - $63,000 2.4

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
32.192700729927 18.4287099903007

Number Of Homes And Apartments:
12,421

Little Elm Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
82.85% 3.18%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,151 / per month

Homeownership Rate

Homeownership
Owners 74.59
Renters 25.41
Vacant 1.16

Housing Market Details

 

Age of Homes

AGE OF Little Elm HOMES
2000 or Newer 87.0
1970 - 1999 11.1
1940 - 1969 1.0
1939 or Older 1.0

Types of Homes

TYPE OF Little Elm HOMES
Single-Family 87.2
Townhomes 1.1
Small Apt. Buildings 0.4
Apt. Complexes 6.9
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Little Elm HOMES
No Bedroom 0.64
1 Bedroom 6.29
2 Bedrooms 4.16
3 Bedrooms 43.39
4 Bedrooms 37.92
5 or more bedrooms 7.61