Rockwall, 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 Q4 2020. 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

Rockwall, TX Housing Market Trends

With 45,888 people, 15,654 houses or apartments, and a median cost of homes of $320,165, Rockwall real estate is some of the most expensive in Texas, although Rockwall home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Rockwall, accounting for 80.01% of the city's housing units. Other types of housing that are prevalent in Rockwall include large apartment complexes or high rise apartments ( 13.38%), duplexes, homes converted to apartments or other small apartment buildings ( 3.03%), and a few mobile homes or trailers ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rockwall. Owner-occupied housing accounts for 75.63% of Rockwall's homes, and 70.37% have either three or four bedrooms, which is average sized relative to America.

Rockwall homes and real estate are some of the newest in America. 55.73% of Rockwall'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 Rockwall real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.16%), and between 1940-1969 ( 4.50%).

Rockwall Home Appreciation Rates

In the last 10 years, Rockwall has experienced some of the highest home appreciation rates of any community in the nation. Rockwall real estate appreciated 61.31% over the last ten years, which is an average annual home appreciation rate of 4.90%, putting Rockwall in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rockwall 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, Rockwall appreciation rates have trailed the rest of the nation. In the last twelve months, Rockwall's appreciation rate has been 3.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rockwall were at 1.63%, which equates to an annual appreciation rate of 6.66%.

Notably, Rockwall's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Rockwall's latest annual appreciation rate is lower than 80% 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 Rockwall differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rockwall - 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 Rockwall real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$320,165

Rockwall, TX HOME PRICES

> $1,160,000
0.7%
0.7%
$870,001 - $1,160,000
1.2%
1.2%
$581,001 - $870,000
6.8%
6.8%
$464,001 - $581,000
9.2%
9.2%
$348,001 - $464,000
19.8%
19.8%
$232,001 - $348,000
33.7%
33.7%
$116,001 - $232,000
20.5%
20.5%
$58,001 - $116,000
5.6%
5.6%
$0 - $58,000
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
15,654

Rockwall Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
74.69% 2.69%
1
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,782 / per month

Homeownership Rate

Owners
75.6%
75.6%
Renters
24.4%
24.4%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
55.7%
55.7%
1970 - 1999
39.2%
39.2%
1940 - 1969
4.5%
4.5%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.0%
80.0%
Townhomes
1.7%
1.7%
Small Apt. Buildings
3.0%
3.0%
Apt. Complexes
13.4%
13.4%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
7.8%
7.8%
2 Bedrooms
11.1%
11.1%
3 Bedrooms
37.1%
37.1%
4 Bedrooms
33.2%
33.2%
5 or more bedrooms
9.5%
9.5%
0.0% 100.0%
% OF HOMES