Rowlett, 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 Q2 2021. 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

Rowlett, TX Housing Market Trends

With a population of 67,339, 21,161 total housing units (homes and apartments), and a median house value of $276,930, Rowlett real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rowlett, accounting for 94.85% of the city's housing units. Other types of housing that are prevalent in Rowlett include large apartment complexes or high rise apartments ( 2.57%), row houses and other attached homes ( 1.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rowlett. Owner-occupied housing accounts for 85.52% of Rowlett's homes, and 84.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rowlett built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rowlett built between 2000 and later ( 30.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.99%).

Rowlett Home Appreciation Rates

In the last 10 years, Rowlett has experienced some of the highest home appreciation rates of any community in the nation. Rowlett real estate appreciated 90.35% over the last ten years, which is an average annual home appreciation rate of 6.65%, putting Rowlett in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rowlett 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, Rowlett appreciation rates have trailed the rest of the nation. In the last twelve months, Rowlett's appreciation rate has been 7.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rowlett were at 2.76%, which equates to an annual appreciation rate of 11.49%.

Relative to Texas, our data show that Rowlett's latest annual appreciation rate is lower than 70% 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 Rowlett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rowlett - 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 Rowlett real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$276,930

Rowlett, TX HOME PRICES

> $1,243,000
0.4%
0.4%
$932,001 - $1,243,000
0.1%
0.1%
$622,001 - $932,000
1.0%
1.0%
$497,001 - $622,000
4.4%
4.4%
$373,001 - $497,000
12.1%
12.1%
$249,001 - $373,000
43.9%
43.9%
$124,001 - $249,000
34.4%
34.4%
$62,001 - $124,000
2.3%
2.3%
$0 - $62,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
21,161

Rowlett Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
103.23% 3.35%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,459 / per month

Homeownership Rate

Owners
85.5%
85.5%
Renters
14.5%
14.5%
Vacant
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.1%
30.1%
1970 - 1999
66.7%
66.7%
1940 - 1969
3.0%
3.0%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.8%
94.8%
Townhomes
1.3%
1.3%
Small Apt. Buildings
0.7%
0.7%
Apt. Complexes
2.6%
2.6%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
1.1%
1.1%
2 Bedrooms
5.0%
5.0%
3 Bedrooms
46.5%
46.5%
4 Bedrooms
38.0%
38.0%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES