Rockwall, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rockwall Neighborhoods Since 2000




Rockwall, 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

Rockwall Housing Market Information

With a population of 42,566, 14,232 total housing units (homes and apartments), and a median house value of $260,939, 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 77.26% of the city's housing units. Other types of housing that are prevalent in Rockwall include large apartment complexes or high rise apartments ( 14.06%), row houses and other attached homes ( 3.26%), and a few mobile homes or trailers ( 3.01%).

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 72.31% of Rockwall's homes, and 72.34% 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. 50.75% 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 ( 43.17%), and between 1940-1969 ( 4.99%). There's also some housing in Rockwall built before 1939 ( 1.10%).

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 29.58% over the last ten years, which is an average annual home appreciation rate of 2.63%, putting Rockwall in the top 10% 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.

Appreciation rates are so strong in Rockwall that despite a nationwide downturn in the housing market, Rockwall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rockwall appreciation rates continue to be some of the highest in America, at 8.23%, which is higher than appreciation rates in 87.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rockwall. Rockwall appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Rockwall 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 Rockwall's latest annual appreciation rate is higher 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

 

Median Home Value:
$260,939

Rockwall, TX HOME PRICES

Value Range
> $1,302,000 0.7
$976,001 - $1,302,000 1.0
$651,001 - $976,000 2.7
$521,001 - $651,000 4.9
$391,001 - $521,000 11.5
$260,001 - $391,000 27.0
$130,001 - $260,000 40.3
$65,001 - $130,000 6.9
$0 - $65,000 5.0

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
20.9246454939646 8.56031128404669

Number Of Homes And Apartments:
14,232

Rockwall 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
45.66% 2.20% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,733 / per month

Homeownership Rate

Homeownership
Owners 72.31
Renters 27.69
Vacant 6.11

Housing Market Details

 

Age of Homes

AGE OF Rockwall HOMES
2000 or Newer 50.7
1970 - 1999 43.2
1940 - 1969 5.0
1939 or Older 1.1

Types of Homes

TYPE OF Rockwall HOMES
Single-Family 77.3
Townhomes 3.3
Small Apt. Buildings 2.4
Apt. Complexes 14.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Rockwall HOMES
No Bedroom 2.26
1 Bedroom 6.21
2 Bedrooms 12.55
3 Bedrooms 38.08
4 Bedrooms 34.27
5 or more bedrooms 6.64