Lewisville, Texas Housing Market Prices
Lewisville 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.
-
Median home price 98% above the Texas median$511,348
-
Median rent 19% above the Texas median$1,667
Housing Market Overview
| Metric | Lewisville | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $511,348 | $258,873 | $248,835 |
| Price Trend (Annual %) | 16.3% | 9.2% | 7.5% |
| Median Gross Rent | $1,667 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lewisville is about 98% higher than in Texas. Rent is about 19% 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 Lewisville, up about 16.3% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Lewisville rose about 67.2% between 2015 and 2024, from $997 to $1,667. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Lewisville.
Buying the median-priced home in Lewisville costs roughly 25.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lewisville. The price-to-rent ratio in Texas is about 15.4.
| Metric | Lewisville | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $511,348 | $258,873 | $248,835 |
| Median Household Income | $89,454 | $78,939 | $80,455 |
| Price-to-Income Ratio | 5.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lewisville rose about 157.3%, while median household income rose about 35.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lewisville | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.3% | 56.7% | 58.5% |
| Rental Rate | 50.2% | 33.9% | 31.2% |
| Vacancy Rate | 4.5% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Lewisville has a homeownership rate of 45.3%, lower than the Texas average of 56.7%. Its housing vacancy rate is 4.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Lewisville | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Lewisville was built around 1997. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Lewisville, TX Housing Compared With Nearby Cities
Lewisville, TX is the 2nd largest of the 4 cities compared here, 128,135 residents against a local median of 43,293. Lewisville, TX's homeownership, at 47.4%, runs 18% below the 58.1% typical of the cities around it. That is the weaker end of the local range on this measure.
The cities themselves sit within 8.0% of each other on homeownership, a tighter band than the gap between any of them and Lewisville, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Lewisville, TX has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lewisville, TX | 128,135 | $511,348 #2/4 | $1,667 #4/4 | 47.4% #4/4 |
| Coppell, TX | 39,219 | $423,989 | $1,963 | 65.7% |
| The Colony, TX | 43,293 | $546,190 | $1,955 | 58.1% |
| Carrollton, TX | 139,254 | $469,500 | $1,727 | 57.8% |
Frequently Asked Questions
Common questions about the housing market in Lewisville, Texas.
What is the median home price in Lewisville, Texas?
The median home price in Lewisville, Texas is $511,348, higher than the Texas average of $258,873.
What is the average home price in Lewisville, Texas?
The typical home price in Lewisville, Texas, reported as the median sale price, is $511,348. 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 Lewisville, Texas?
The median gross rent in Lewisville, Texas is $1,667 per month, higher than the Texas average of $1,402.
What was the median gross rent in Lewisville in 2020?
In 2020, the median gross rent in Lewisville, Texas was $1,227 per month.
What is the price-to-rent ratio in Lewisville, Texas?
The price-to-rent ratio in Lewisville, Texas is about 25.6, meaning it would take roughly 25.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lewisville.
Are home prices or rent rising faster in Lewisville, Texas?
Both home prices and rent are rising in Lewisville, up about 16.3% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lewisville, Texas?
45.3% of households in Lewisville, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Lewisville, Texas?
The housing vacancy rate in Lewisville, Texas is 4.5%, lower than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →