Rockwall First-Time Homebuyer Report for January

With 37,490 residents, Rockwall is a larger than average city in Texas. However, with a 92.2% increase over the last 10 years, it ranks first in terms of growth. With an ownership ratio of 72.8%, most people in Rockwall are homeowners. The best schools in the city are Grace Hartman Elementary School and J W Williams Middle School.

Price Range

Homes in Rockwall are generally more expensive than others in the state with a median home value of $170,100 and an average list price of $327,569. In this week's report, the number of homes sold in the Rockwall market slid to 46 over the past 30 days, a decrease of 23.3% from last week's report.

Curious as to which homes have been getting the most attention in Rockwall? These listings have stirred up interest and produced the most views:

$245K   $419K   $330K  

Typical Dwelling

A four-bedroom detached home valued around $327,430 is considered a typical dwelling in Rockwall. If a buyer was looking for a similar home, they would need good credit and a $65,486 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,518 and the property tax rate is $16.72 per $1,000 of taxable assessed value.

Get started right now by checking out Rockwall homes for sale or reviewing Rockwall real estate trends.


Data reported through 1/12/2017

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