Rockwall, Texas Housing Market

What stands out in Rockwall?

• Population is up 23.4% over five years: among the fastest population growth of 765 tracked cities. Growth brings tenants and buyers.
• 19% of occupied homes are rented: among the lowest renter shares of 765 tracked cities. Most residents own, so the tenant pool is thin. Your exit buyer may be an owner-occupant.
• The median household earns $132,424 a year: among the highest incomes of 765 tracked cities. Tenants can carry higher rents.

Is housing keeping up with Rockwall's growth?

The population in Rockwall's ZIP codes grew 23.4% over five years, faster than 97% of the cities we track. Housing grew faster (+21.0%) than households (+18.6%). New supply is keeping up, so rents and prices have competition. Homes for sale are 34% above 2017–2019 at this time of year.

How does Rockwall compare with other Texas markets?

Ranked among the 77 Texas markets we track:

• Asking price: 6th priciest of 77. Rockwall is at $555,152. Closest: Mansfield and The Colony.
• Buyer competition: 32nd most competitive of 67. Rockwall is at 0.30 buyers per home. Closest: Lubbock and Killeen.
• Time on market: 33rd longest time on market of 77. Rockwall is at a median of 67 days on market. Closest: San Angelo and El Paso.
• Price cuts: 19th most price cuts of 77. Rockwall is at 29% of sellers cutting. Closest: Lancaster and Midland.

Is now a good time to buy in Rockwall?

The median asking price is 14.4% below its Aug 2023 peak. Per square foot the gap is smaller: 8.8% below the May 2022 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Rockwall prices rose in only 74 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Rockwall?

Only 19 out of every 100 Rockwall households rent. This is an owners' town. The renter share is growing. Five years ago it was 18 in 100. Rockwall added about 1,100 renter households in five years. Renter households average 2.4 people. Two and three bedrooms fit the typical renter.

The median Rockwall household earns $132,424 a year. Incomes here have grown 4.5% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $3,311 a month.

To see what one Rockwall address would rent for and cash flow, run it through the app.

How much can you negotiate in Rockwall?

For every 100 homes still for sale, 30 are under contract. In 2017–2019 at this time of year it was 36. The rest are still waiting for a buyer. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical Rockwall listing has been on the market 67 days. That is 12% shorter than a year ago. There are 619 homes for sale in Rockwall. That is 9.2 times the tightest month on record, but below the peak of 708. Supply is steady against last year.

What to do about it

• Judge each listing on its own.
• Homes listed 90+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

What numbers should you underwrite a Rockwall deal with?

• Price growth to assume — +1.6%/yr. Rockwall grew 4.9% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Rockwall grows about 1.6% a year. That is the number to type in. Prices fell 1.8% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 67 days of holding costs, the current median listing age, when you exit or refinance.
• Odds you cut your price to sell — 1 in 3. 29% of Rockwall listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $205/sqft. The typical Rockwall listing shrank from 3,369 to 2,911 sqft since Jul 2016. So median price hides real growth: 58% per sqft versus 32% on the median. Comp on median price and you will overpay for small homes.

Read how population change affects rentals and how we read these numbers, then run the numbers on a deal.

What is the median home price in Rockwall?

The median asking price in Rockwall is about $555,000 as of Sep 2026, down 3.6% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Rockwall figures cover the 2 ZIP codes with a Rockwall mailing address, which can reach past city limits.

Is Rockwall a buyer's or seller's market in 2026?

Neither side has the upper hand in Rockwall right now. We compare Rockwall with 2017–2019 at this time of year: there are 34% more homes for sale; there are 30 pending sales per 100 listings, against 36 then; 29% of sellers have cut their price, against 33% then.

Are Rockwall home prices going up or down?

The median asking price is 14.4% below its Aug 2023 peak. Per square foot the gap is smaller: 8.8% below the May 2022 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What is the best month to buy a house in Rockwall?

Across 9 full years, Rockwall asking prices ran lowest in January, about 3.0% below the year's average. They peaked in May. The most homes for sale show up in July, about 14% above the yearly average.

Are there more homes for sale in Rockwall than before the pandemic?

Yes. There are 619 homes for sale, 34% more than in 2017–2019 at this time of year.

What is the fair market rent in Rockwall?

HUD's fiscal year 2026 fair market rent for Rockwall County is $1,931 a month for 2 bedrooms and $2,431 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.