Coppell, Texas Housing Market Prices
Coppell Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 64% above the Texas median$423,989
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Median rent 40% above the Texas median$1,963
Housing Market Overview
| Metric | Coppell | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $423,989 | $258,873 | $248,835 |
| Price Trend (Annual %) | 12.0% | 9.2% | 7.5% |
| Median Gross Rent | $1,963 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coppell is about 64% higher than in Texas. Rent is about 40% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Coppell, up about 12.0% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Coppell rose about 67.0% between 2015 and 2024, from $1,175 to $1,963. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Coppell.
Buying the median-priced home in Coppell costs roughly 18.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Coppell. The price-to-rent ratio in Texas is about 15.4.
| Metric | Coppell | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $423,989 | $258,873 | $248,835 |
| Median Household Income | $139,522 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Coppell rose about 10.9%, while median household income rose about 35.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coppell | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 56.7% | 58.5% |
| Rental Rate | 33.3% | 33.9% | 31.2% |
| Vacancy Rate | 2.9% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Coppell has a homeownership rate of 63.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 2.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Coppell | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 6.3 | 5.4 | 5.5 |
The typical housing unit in Coppell was built around 1993. On average, 2.7 people live in a home with about 6.3 rooms, staying for about 12.0 years on average.
Coppell, TX Housing Compared With Nearby Cities
Coppell, TX is the 5th largest of the 6 cities compared here, 39,219 residents against a local median of 128,135. The measure that sets Coppell, TX apart most is homeownership: 65.7%, 27% above the local median of 51.9%. That is the better end of the local range on this measure.
Median home price tells the same story from another angle: $423,989 against a local median of $511,348, 17% below it. The cities themselves spread 19.7% on homeownership, so Coppell, TX sits at one end of an already wide local range rather than apart from it. Coppell, TX has the highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Coppell, TX | 39,219 | $423,989 #6/6 | $1,963 #1/6 | 65.7% #1/6 |
| Lewisville, TX | 128,135 | $511,348 | $1,667 | 47.4% |
| Grapevine, TX | 49,363 | $608,763 | $1,847 | 54.9% |
| Carrollton, TX | 139,254 | $469,500 | $1,727 | 57.8% |
| Irving, TX | 255,814 | $440,804 | $1,618 | 38.1% |
| Farmers Branch, TX | 29,458 | $592,335 | $1,818 | 51.9% |
Frequently Asked Questions
Common questions about the housing market in Coppell, Texas.
What is the median home price in Coppell, Texas?
The median home price in Coppell, Texas is $423,989, higher than the Texas average of $258,873.
What is the average home price in Coppell, Texas?
The typical home price in Coppell, Texas, reported as the median sale price, is $423,989. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Coppell, Texas?
The median gross rent in Coppell, Texas is $1,963 per month, higher than the Texas average of $1,402.
What was the median gross rent in Coppell in 2020?
In 2020, the median gross rent in Coppell, Texas was $1,491 per month.
What is the price-to-rent ratio in Coppell, Texas?
The price-to-rent ratio in Coppell, Texas is about 18.0, meaning it would take roughly 18.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Coppell.
Are home prices or rent rising faster in Coppell, Texas?
Both home prices and rent are rising in Coppell, up about 12.0% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coppell, Texas?
63.8% of households in Coppell, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Coppell, Texas?
The housing vacancy rate in Coppell, Texas is 2.9%, lower than the Texas average of 9.4%.
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