Wylie, 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

Wylie, TX Housing Market Trends

With 53,067 people, 15,181 houses or apartments, and a median cost of homes of $289,595, Wylie real estate is some of the most expensive in Texas, although Wylie home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Wylie, accounting for 82.83% of the city's housing units. Other types of housing that are prevalent in Wylie include large apartment complexes or high rise apartments ( 6.96%), mobile homes or trailers ( 6.58%), and a few row houses and other attached homes ( 1.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wylie. Owner-occupied housing accounts for 78.24% of Wylie's homes, and 78.47% have either three or four bedrooms, which is average sized relative to America.

Wylie homes and real estate are some of the newest in America. 66.41% of Wylie'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 Wylie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.49%), and between 1940-1969 ( 4.04%).

Wylie Home Appreciation Rates

In the last 10 years, Wylie has experienced some of the highest home appreciation rates of any community in the nation. Wylie real estate appreciated 93.30% over the last ten years, which is an average annual home appreciation rate of 6.81%, putting Wylie in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wylie 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, Wylie appreciation rates have trailed the rest of the nation. In the last twelve months, Wylie's appreciation rate has been 7.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wylie were at 2.76%, which equates to an annual appreciation rate of 11.49%.

Relative to Texas, our data show that Wylie's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$289,595

Wylie, TX HOME PRICES

> $1,235,000
0.0%
0.0%
$926,001 - $1,235,000
0.3%
0.3%
$617,001 - $926,000
1.9%
1.9%
$494,001 - $617,000
5.0%
5.0%
$371,001 - $494,000
19.0%
19.0%
$247,001 - $371,000
41.5%
41.5%
$123,001 - $247,000
26.9%
26.9%
$62,001 - $123,000
2.1%
2.1%
$0 - $62,000
3.3%
3.3%
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:
15,181

Wylie 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
110.41% 3.52%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,301 / per month

Homeownership Rate

Owners
78.2%
78.2%
Renters
21.8%
21.8%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
66.4%
66.4%
1970 - 1999
29.5%
29.5%
1940 - 1969
4.0%
4.0%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
82.8%
82.8%
Townhomes
1.8%
1.8%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
7.0%
7.0%
Mobile Homes
6.6%
6.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
3.1%
3.1%
2 Bedrooms
10.0%
10.0%
3 Bedrooms
45.2%
45.2%
4 Bedrooms
33.3%
33.3%
5 or more bedrooms
7.6%
7.6%
0.0% 100.0%
% OF HOMES