Rockwall, Texas Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Rockwall, Texas rental market.

Highlights

An apartment for rent in Rockwall, Texas typically goes for $1,630 per month, while a single-family home for rent in Rockwall, Texas has a monthly cost of around $2,344. Renter-occupied units make up 24% of the local housing market, while the rental vacancy rate in Rockwall, Texas is at 1.9.

Rockwall, Texas

Average Apartment Rent

$1,630

Y-o-Y Change in Average
Apartment Rent

-5.2%

Average Single-Family Rent

$2,344

As of November 2024

Compared to a year ago, Rockwall, Texas apartments have recorded a -5.2% rent decrease.

Rockwall, Texas Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Rockwall $1,578 $1,615 $1,656 $1,700 $1,651 $1,687 $1,719 $1,645 $1,591 $1,630
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Rockwall
National
Nov 2021
$1,578
$1,596
Mar 2022
$1,615
$1,635
Jul 2022
$1,656
$1,708
Nov 2022
$1,700
$1,726
Mar 2023
$1,651
$1,714
Jul 2023
$1,687
$1,739
Nov 2023
$1,719
$1,733
Mar 2024
$1,645
$1,727
Jul 2024
$1,591
$1,752
Nov 2024
$1,630
$1,748

Rockwall, Texas Average Apartment Rent

Rockwall, Texas Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 47.56%, apartments priced $1,000 - $1,500 represent the bulk of Rockwall, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 12.07%.

Rockwall, Texas Housing tenure**

Renter occupied housing units 4,186
Owner occupied housing units 12,906

Renters take up 24% of Rockwall, Texas real estate, occupying a total of 4,186 units, while homeowners live in 12,906 properties.

Median number of rooms of renter-occupied housing units**

4.7

Renter median household income**

$73,826

Average household size of renter-occupied housing units**

2.36

Rental vacancy rate**

1.9%

Rockwall, Texas Renter-occupied housing units by no. of bedrooms**

No bedrooms 264
1 bed 1,193
2 beds 1,155
3 beds 801
4 beds 736
5 or more beds 37

There are 1,193 rentals in Rockwall, Texas with 1 bed making up the highest share of the market, at 28%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 37 units. Overall, the median number of rooms in Rockwall, Texas homes for rent is 4.7.

Rockwall, Texas Renter-occupied units by age of householder**

15 - 24 years 466
25 - 34 years 1,052
35 - 44 years 690
45 - 54 years 683
55 - 59 years 368
60 - 64 years 170
65 - 74 years 361
75 - 84 years 270
85 years and over 126

Most condos for rent in Rockwall, Texas are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.

Rockwall, Texas Renter-occupied housing units by family type**

Family households 2,506
Non-Family Households 1,680

Rockwall, Texas Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,690
No related children of the householder under 18 2,496

A total of 2,506 apartments for rent in Rockwall, Texas, or 60% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 1,690 units. All in all, the median size of a renter-occupied household in Rockwall, Texas is 2.36.

Rockwall, Texas Renter-occupied housing units by educational attainment**

Less than high school graduate 258
High school graduate (including equivalency) 984
Some college or associate's degree 1,277
Bachelor's degree or higher 1,667

In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Rockwall, Texas.

Rockwall, Texas Renter-occupied units by year structure built**

Built 2010 - 2019 814
Built 2000 - 2009 1,521
Built 1990 - 1999 472
Built 1980 - 1989 847
Built 1970 - 1979 413
Built 1960 - 1969 43
Built 1950 - 1959 47

The highest share of Rockwall, Texas apartment rentals, namely 36% or 1,521 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (20%, 847 units), and the ones Built 2010 - 2019 (19%, 814 units).

Rockwall, Texas Renter-occupied units by year householder moved in**

Moved in 2021 or later 442
Moved in 2018 to 2020 2,248
Moved in 2010 to 2017 1,236
Moved in 2000 to 2009 227
Moved in 1989 or earlier 33

Median year renter moved into unit 2019

Most Rockwall, Texas renters (54%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Rockwall, Texas condos for rent is 2019.

Rockwall, Texas Renter-occupied housing units by vehicles available**

No vehicle available 232
1 vehicle available 1,440
2 vehicles available 2,052
3 vehicles available 318
4 vehicles available 68
5 or more vehicles available 76

When it comes to transportation options, 49% of Rockwall, Texas renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 8% have 3 vehicles available.

Rockwall, Texas Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 4,032
Car, truck, or van - carpooled 409
Walked 70
Taxicab, motorcycle, bicycle, or other means 56
Worked at home 566

Rockwall, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 5,845
Moved within same county 1,520
Moved from different county within same state 1,425
Moved from different state 794
Moved from abroad 92

Rockwall, Texas Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rockwall, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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