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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.



Southlake, 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 Q2 2024. 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

Southlake, TX Housing Market Trends

With 31,102 people, 9,298 houses or apartments, and a median cost of homes of $1,302,641, 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%).

Southlake Home Appreciation Rates

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 127.54% over the last ten years, which is an average annual home appreciation rate of 8.57%, 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.

NeighborhoodScout's data show that during the latest twelve months, Southlake's appreciation rate, at 7.45%, has been at or slightly above the national average. In the latest quarter, Southlake's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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.

Average Home Values

Median Home Value

$1,302,641

Southlake, TX Home Prices
> $1,455,000
$1,092,001 - $1,455,000
$728,001 - $1,092,000
$582,001 - $728,000
$437,001 - $582,000
$291,001 - $437,000
$146,001 - $291,000
$73,001 - $146,000
$0 - $73,000
32.0%
32.0%
25.5%
25.5%
30.3%
30.3%
6.4%
6.4%
2.6%
2.6%
1.3%
1.3%
0.5%
0.5%
0.2%
0.2%
1.2%
1.2%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

9,298

Southlake Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,020 / per month

Homeownership Rate

Owners
Renters
94.7%
94.7%
5.3%
5.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.5%
4.5%
95.5%
95.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.2%
36.2%
60.9%
60.9%
2.5%
2.5%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.4%
94.4%
1.0%
1.0%
0.4%
0.4%
2.5%
2.5%
1.4%
1.4%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
1.3%
1.3%
2.8%
2.8%
16.6%
16.6%
41.1%
41.1%
36.8%
36.8%
0% 100.0%
% of Homes