Summer Lee Townhomes Rockwall, TX

Investment Summary

• Strategic Location Near Dallas
• Strong Surrounding Demographics
• Growing Multifamily Market Within the Rockwall/Wylie Submarket 
• Major Economic Development Projects & Employers Nearby
• Versatile Zoning

Strategic Location Near Dallas 

Strategically positioned just 23 miles east of Dallas, with convenient access to major interstates such as I-30 and I-635, Summer Lee Townhomes offers proximity to the Dallas-Fort Worth Metroplex. Rockwall earned the distinction of being ranked No. 4 “Best Place to Live in America” by Money Magazine in 2020. The region stands out as the No. 3 “Fastest Growing County in the U.S.” according to U.S. News in 2021, fostering a vibrant economic landscape. With a focus on manufacturing and technology, the area provides an ideal backdrop for residential and office development. Residents can enjoy a low crime rate—72% lower than the state average—and the scenic appeal of serene lake-front living on Lake Ray Hubbard.

Strong Surrounding Demographics

The parcel is positioned to benefit from positive demographic trends, with a projected 7.4% population growth from 2024 to 2029 in Rockwall, TX. Median Household Income is anticipated to increase by 12.3% during the same period. The educational landscape is impressive, with 52.3% of the population holding a Bachelor’s degree or higher. Moreover, the predominant white-collar employment (76.4%) establishes a stable economic base for the community.

Growing Multifamily Market Within the Rockwall/Wylie Submarket 

As of 2Q 2024, the apartment market demonstrates robust figures, with an average rent of $1,646—surpassing the metro-wide average. Occupancy rates stand at a commendable 92.7%, and there is an annual demand for 1,262 units. The commercial and industrial sectors, especially manufacturing, defense, and technology, are thriving, as evidenced by recent expansions, including Flexpipe Systems and Integrated Defense Products.