Wylie, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wylie Neighborhoods Since 2000




Wylie, 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

Wylie Housing Market Information

With 46,708 people, 14,039 houses or apartments, and a median cost of homes of $231,843, 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 82.69% of the city's housing units. Other types of housing that are prevalent in Wylie include mobile homes or trailers ( 7.25%), large apartment complexes or high rise apartments ( 5.44%), and a few row houses and other attached homes ( 2.62%).

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 83.87% of Wylie's homes, and 82.63% 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. 60.13% 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 ( 35.28%), and between 1940-1969 ( 4.27%).

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 42.29% over the last ten years, which is an average annual home appreciation rate of 3.59%, 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.

Appreciation rates are so strong in Wylie that despite a nationwide downturn in the housing market, Wylie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wylie appreciation rates continue to be some of the highest in America, at 10.63%, which is higher than appreciation rates in 95.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wylie. Wylie appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Wylie 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 Wylie's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$231,843

Wylie, TX HOME PRICES

Value Range
> $1,379,000 0.1
$1,034,001 - $1,379,000 0.0
$689,001 - $1,034,000 1.2
$551,001 - $689,000 0.9
$413,001 - $551,000 7.8
$276,001 - $413,000 21.8
$138,001 - $276,000 57.3
$69,001 - $138,000 5.0
$0 - $69,000 5.9

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
25.512715340443 11.0894941634241

Number Of Homes And Apartments:
14,039

Wylie 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
61.58% 2.82% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,696 / per month

Homeownership Rate

Homeownership
Owners 83.87
Renters 16.13
Vacant 3.62

Housing Market Details

 

Age of Homes

AGE OF Wylie HOMES
2000 or Newer 60.1
1970 - 1999 35.3
1940 - 1969 4.3
1939 or Older 0.3

Types of Homes

TYPE OF Wylie HOMES
Single-Family 82.7
Townhomes 2.6
Small Apt. Buildings 1.8
Apt. Complexes 5.4
Mobile Homes 7.2
Other 0.2

Home Size

SIZE OF Wylie HOMES
No Bedroom 0.25
1 Bedroom 3.40
2 Bedrooms 8.58
3 Bedrooms 48.71
4 Bedrooms 33.91
5 or more bedrooms 5.15