Little Elm, Texas Housing Market Prices
Little Elm 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 33% above the Texas median$343,588
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Median rent 54% above the Texas median$2,155
Housing Market Overview
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,588 | $258,873 | $248,835 |
| Price Trend (Annual %) | 13.7% | 9.2% | 7.5% |
| Median Gross Rent | $2,155 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Little Elm is about 33% higher than in Texas. Rent is about 54% 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 Little Elm, up about 13.7% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Little Elm rose about 53.9% between 2015 and 2024, from $1,400 to $2,155. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Little Elm.
Buying the median-priced home in Little Elm costs roughly 13.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Little Elm. The price-to-rent ratio in Texas is about 15.4.
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,588 | $258,873 | $248,835 |
| Median Household Income | $122,846 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Little Elm rose about 1393.5%, while median household income rose about 46.6% 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 | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.0% | 56.7% | 58.5% |
| Rental Rate | 22.5% | 33.9% | 31.2% |
| Vacancy Rate | 3.5% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Little Elm has a homeownership rate of 74.0%, higher than the Texas average of 56.7%. Its housing vacancy rate is 3.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.05 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2011 | 1990 | 1978 |
| Median Number of Rooms | 6.5 | 5.4 | 5.5 |
The typical housing unit in Little Elm was built around 2011. On average, 3.1 people live in a home with about 6.5 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Little Elm, Texas.
What is the median home price in Little Elm, Texas?
The median home price in Little Elm, Texas is $343,588, higher than the Texas average of $258,873.
What is the average home price in Little Elm, Texas?
The typical home price in Little Elm, Texas, reported as the median sale price, is $343,588. 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 Little Elm, Texas?
The median gross rent in Little Elm, Texas is $2,155 per month, higher than the Texas average of $1,402.
What was the median gross rent in Little Elm in 2020?
In 2020, the median gross rent in Little Elm, Texas was $1,712 per month.
What is the price-to-rent ratio in Little Elm, Texas?
The price-to-rent ratio in Little Elm, Texas is about 13.3, meaning it would take roughly 13.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Little Elm.
Are home prices or rent rising faster in Little Elm, Texas?
Both home prices and rent are rising in Little Elm, up about 13.7% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Little Elm, Texas?
74.0% of households in Little Elm, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Little Elm, Texas?
The housing vacancy rate in Little Elm, Texas is 3.5%, lower than the Texas average of 9.4%.
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