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 about Scout's Real Estate Data
With 65,113 people, 21,371 houses or apartments, and a median cost of homes of $398,430, Rowlett real estate is some of the most expensive in Texas, although Rowlett home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Rowlett, accounting for 86.64% of the city's housing units. Other types of housing that are prevalent in Rowlett include large apartment complexes or high rise apartments ( 9.21%), mobile homes or trailers ( 1.77%), and a few row houses and other attached homes ( 1.26%).
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 78.72% of Rowlett's homes, and 78.74% 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 ( 36.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.18%).
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 131.76% over the last ten years, which is an average annual home appreciation rate of 8.77%, putting Rowlett in the top 20% 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 1.86%, 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 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Rowlett's latest annual appreciation rate is lower 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 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.
$398,430
for Texas
for nation
21,371
$2,998 / per month