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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.



Little Elm, 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

Little Elm, TX Housing Market Trends

With a population of 55,357, 16,752 total housing units (homes and apartments), and a median house value of $416,547, Little Elm real estate is some of the most expensive in Texas, although Little Elm home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Little Elm, accounting for 72.53% of the city's housing units. Other types of housing that are prevalent in Little Elm include large apartment complexes or high rise apartments ( 18.94%), mobile homes or trailers ( 4.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Little Elm. Owner-occupied housing accounts for 67.79% of Little Elm's homes, and 68.86% have either three or four bedrooms, which is average sized relative to America.

Little Elm homes and real estate are some of the newest in America. 90.82% of Little Elm's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Little Elm real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 8.37%), and between 1940-1969 ( 0.51%).

Little Elm Home Appreciation Rates

In the last 10 years, Little Elm has experienced some of the highest home appreciation rates of any community in the nation. Little Elm real estate appreciated 136.92% over the last ten years, which is an average annual home appreciation rate of 9.01%, putting Little Elm in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Little Elm 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, Little Elm appreciation rates have trailed the rest of the nation. In the last twelve months, Little Elm'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 Little Elm were at -0.34%, which equates to an annual appreciation rate of -1.36%.

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

Average Home Values

Median Home Value

$416,547

Little Elm, TX Home Prices
> $1,315,000
$986,001 - $1,315,000
$658,001 - $986,000
$526,001 - $658,000
$395,001 - $526,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
0.4%
0.4%
1.5%
1.5%
8.8%
8.8%
21.2%
21.2%
30.3%
30.3%
28.5%
28.5%
2.7%
2.7%
1.5%
1.5%
5.0%
5.0%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

16,752

Little Elm Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,983 / per month

Homeownership Rate

Owners
Renters
67.8%
67.8%
32.2%
32.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.4%
4.4%
95.6%
95.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
90.8%
90.8%
8.4%
8.4%
0.5%
0.5%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.5%
72.5%
1.6%
1.6%
2.8%
2.8%
18.9%
18.9%
4.1%
4.1%
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
1.7%
1.7%
9.9%
9.9%
10.6%
10.6%
33.0%
33.0%
35.8%
35.8%
8.9%
8.9%
0% 100.0%
% of Homes