Rockwall, Texas Housing Market Prices
Rockwall 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 94% above the Texas median$502,490
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Median rent 38% above the Texas median$1,937
Housing Market Overview
| Metric | Rockwall | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $502,490 | $258,873 | $248,835 |
| Price Trend (Annual %) | 22.4% | 9.2% | 7.5% |
| Median Gross Rent | $1,937 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockwall is about 94% higher than in Texas. Rent is about 38% 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 Rockwall, up about 22.4% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Rockwall rose about 61.0% between 2015 and 2024, from $1,203 to $1,937. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Rockwall.
Buying the median-priced home in Rockwall costs roughly 21.6 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 Rockwall. The price-to-rent ratio in Texas is about 15.4.
| Metric | Rockwall | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $502,490 | $258,873 | $248,835 |
| Median Household Income | $111,618 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rockwall rose about 273.4%, while median household income rose about 40.3% 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 | Rockwall | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 56.7% | 58.5% |
| Rental Rate | 27.7% | 33.9% | 31.2% |
| Vacancy Rate | 5.2% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Rockwall has a homeownership rate of 67.1%, higher than the Texas average of 56.7%. Its housing vacancy rate is 5.2%, compared with 9.4% in Texas.
Housing Stock
| Metric | Rockwall | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2003 | 1990 | 1978 |
| Median Number of Rooms | 6.4 | 5.4 | 5.5 |
The typical housing unit in Rockwall was built around 2003. On average, 2.9 people live in a home with about 6.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rockwall, Texas.
What is the median home price in Rockwall, Texas?
The median home price in Rockwall, Texas is $502,490, higher than the Texas average of $258,873.
What is the average home price in Rockwall, Texas?
The typical home price in Rockwall, Texas, reported as the median sale price, is $502,490. 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 Rockwall, Texas?
The median gross rent in Rockwall, Texas is $1,937 per month, higher than the Texas average of $1,402.
What was the median gross rent in Rockwall in 2020?
In 2020, the median gross rent in Rockwall, Texas was $1,301 per month.
What is the price-to-rent ratio in Rockwall, Texas?
The price-to-rent ratio in Rockwall, Texas is about 21.6, meaning it would take roughly 21.6 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 Rockwall.
Are home prices or rent rising faster in Rockwall, Texas?
Both home prices and rent are rising in Rockwall, up about 22.4% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockwall, Texas?
67.1% of households in Rockwall, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Rockwall, Texas?
The housing vacancy rate in Rockwall, Texas is 5.2%, lower than the Texas average of 9.4%.
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