Waxhaw, NC 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Waxhaw, NC Housing Market Trends

With a population of 17,147, 4,773 total housing units (homes and apartments), and a median house value of $328,013, Waxhaw real estate is some of the most expensive in North Carolina, although Waxhaw home values aren't among America's most expensive.

Waxhaw is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Waxhaw than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waxhaw. Owner-occupied housing accounts for 85.12% of Waxhaw's homes, and 65.63% have either three or four bedrooms, which is average sized relative to America.

Waxhaw homes and real estate are some of the newest in America. 76.89% of Waxhaw's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Waxhaw real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.38%), and between 1940-1969 ( 2.62%). There's also some housing in Waxhaw built before 1939 ( 1.10%).

Waxhaw Home Appreciation Rates

Appreciation rates for homes in Waxhaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 64.92%, which ranks in the top 30% nationwide. This equates to an annual average Waxhaw house appreciation rate of 5.13%.

NeighborhoodScout's data show that during the latest twelve months, Waxhaw's appreciation rate, at 9.89%, has been at or slightly above the national average. In the latest quarter, Waxhaw's appreciation rate has been 2.98%, which annualizes to a rate of 12.44%.

Relative to North Carolina, our data show that Waxhaw's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$328,013

Waxhaw, NC HOME PRICES

> $1,303,000
3.7%
3.7%
$978,001 - $1,303,000
3.5%
3.5%
$652,001 - $978,000
12.3%
12.3%
$521,001 - $652,000
13.2%
13.2%
$391,001 - $521,000
16.8%
16.8%
$260,001 - $391,000
24.6%
24.6%
$130,001 - $260,000
21.1%
21.1%
$65,001 - $130,000
3.5%
3.5%
$0 - $65,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
4,773

Waxhaw Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
85.76% 2.92%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,910 / per month

Homeownership Rate

Owners
85.1%
85.1%
Renters
14.9%
14.9%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
76.9%
76.9%
1970 - 1999
19.4%
19.4%
1940 - 1969
2.6%
2.6%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
95.5%
95.5%
Townhomes
3.7%
3.7%
Small Apt. Buildings
0.2%
0.2%
Apt. Complexes
0.3%
0.3%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.6%
0.6%
2 Bedrooms
5.6%
5.6%
3 Bedrooms
33.1%
33.1%
4 Bedrooms
32.5%
32.5%
5 or more bedrooms
28.2%
28.2%
0.0% 100.0%
% OF HOMES