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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Flower Mound, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Flower Mound, TX Housing Market Trends

With a population of 78,486, 27,017 total housing units (homes and apartments), and a median house value of $621,498, Flower Mound house prices are not only among the most expensive in Texas, Flower Mound real estate also is some of the most expensive in all of America.

Flower Mound is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Flower Mound than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Flower Mound. Owner-occupied housing accounts for 82.67% of Flower Mound's homes, and 74.37% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Flower Mound 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 Flower Mound built between 2000 and later ( 36.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.46%).

Flower Mound Home Appreciation Rates

In the last 10 years, Flower Mound has experienced some of the highest home appreciation rates of any community in the nation. Flower Mound real estate appreciated 113.72% over the last ten years, which is an average annual home appreciation rate of 7.89%, putting Flower Mound in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Flower Mound 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, Flower Mound appreciation rates have trailed the rest of the nation. In the last twelve months, Flower Mound's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flower Mound were at -0.34%, which equates to an annual appreciation rate of -1.36%.

Relative to Texas, our data show that Flower Mound'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 town. Individual neighborhoods within Flower Mound differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Flower Mound - 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 Flower Mound real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$621,498

Flower Mound, TX Home Prices
> $1,310,000
$982,001 - $1,310,000
$655,001 - $982,000
$524,001 - $655,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
5.7%
5.7%
7.9%
7.9%
29.9%
29.9%
25.1%
25.1%
19.1%
19.1%
8.6%
8.6%
1.8%
1.8%
0.2%
0.2%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

27,017

Flower Mound Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,372 / per month

Homeownership Rate

Owners
Renters
82.7%
82.7%
17.3%
17.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.2%
36.2%
62.3%
62.3%
1.5%
1.5%
0.1%
0.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.2%
86.2%
0.9%
0.9%
0.7%
0.7%
10.2%
10.2%
2.0%
2.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
4.3%
4.3%
6.4%
6.4%
27.9%
27.9%
46.5%
46.5%
12.8%
12.8%
0% 100.0%
% of Homes