Rockwall, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rockwall, TX Real Estate Data


Rockwall Housing Market Information

With a population of 42,566, 13,722 total housing units (homes and apartments), and a median house value of $259,501, 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 78.23% of the city's housing units. Other types of housing that are prevalent in Rockwall include large apartment complexes or high rise apartments ( 12.87%), mobile homes or trailers ( 3.27%), and a few row houses and other attached homes ( 3.18%).

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 73.32% of Rockwall's homes, and 74.96% 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. 47.84% 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 ( 45.08%), and between 1940-1969 ( 6.38%).

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 24.52% over the last ten years, which is an average annual home appreciation rate of 2.22%, 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.

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 8.88%, which is higher than appreciation rates in 95.24% 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 3.93%, which equates to an annual appreciation rate of 16.66%.

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:
$259,501

Rockwall, TX HOME PRICES

Value Range
> $1,301,000 0.4
$976,001 - $1,301,000 1.1
$651,001 - $976,000 2.4
$520,001 - $651,000 3.4
$391,001 - $520,000 11.9
$260,001 - $391,000 26.6
$130,001 - $260,000 42.6
$65,001 - $130,000 6.3
$0 - $65,000 5.3

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
21.6782807284652 8.64077669902913

Number Of Homes And Apartments:
13,722

Rent & Ownership

 

Average Market Rent:
$1,516 / per month

Homeownership Rate

Homeownership
Owners 73.32
Renters 26.68
Vacant 5.88

Housing Market Details

 

Age of Homes

AGE OF Rockwall HOMES
2000 or Newer 47.8
1970 - 1999 45.1
1940 - 1969 6.4
1939 or Older 0.7

Types of Homes

TYPE OF Rockwall HOMES
Single-Family 78.2
Townhomes 3.2
Small Apt. Buildings 2.4
Apt. Complexes 12.9
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Rockwall HOMES
No Bedroom 1.91
1 Bedroom 5.51
2 Bedrooms 12.37
3 Bedrooms 40.96
4 Bedrooms 34.00
5 or more bedrooms 5.25

Rockwall Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
41.99% 2.08% 1 5
* 10 is highest