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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rockwall HOMES|
|2000 or Newer||50.7|
|1970 - 1999||43.2|
|1940 - 1969||5.0|
|1939 or Older||1.1|
|TYPE OF Rockwall HOMES|
|Small Apt. Buildings||2.4|
|SIZE OF Rockwall HOMES|
|5 or more bedrooms||6.64|