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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 31,102 people, 9,298 houses or apartments, and a median cost of homes of $1,290,408, Southlake house prices are not only among the most expensive in Texas, Southlake real estate also is some of the most expensive in all of America.
Southlake is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Southlake than is found in 98% of the communities in America.
The large homes that make up Southlake are primarily owner-occupied ( 94.73%).
There is a lot of housing in Southlake 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 Southlake built between 2000 and later ( 36.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.49%).
In the last 10 years, Southlake has experienced some of the highest home appreciation rates of any community in the nation. Southlake real estate appreciated 138.41% over the last ten years, which is an average annual home appreciation rate of 9.08%, putting Southlake in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Southlake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Southlake that despite a nationwide downturn in the housing market, Southlake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southlake appreciation rates continue to be some of the highest in America, at 13.45%, which is higher than appreciation rates in 81.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southlake. Southlake appreciation rates in the latest quarter were at 3.15%, which equates to an annual appreciation rate of 13.22%.
Relative to Texas, our data show that Southlake's latest annual appreciation rate is higher than 90% 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 Southlake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Southlake - 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 Southlake real estate investment or home purchase decisions.
$1,290,408
for Texas
for nation
9,298
$3,969 / per month