Waxhaw, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waxhaw Neighborhoods Since 2000




Waxhaw, NC Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Waxhaw Housing Market Information

With 13,495 people, 3,646 houses or apartments, and a median cost of homes of $245,551, 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 85.66% of Waxhaw's homes, and 80.95% 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. 70.48% 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 ( 24.69%), and between 1940-1969 ( 4.28%).

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 5.19%, which ranks in the top 40% nationwide. This equates to an annual average Waxhaw house appreciation rate of 0.51%.

Appreciation rates are so strong in Waxhaw that despite a nationwide downturn in the housing market, Waxhaw real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waxhaw appreciation rates continue to be some of the highest in America, at 6.19%, which is higher than appreciation rates in 75.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waxhaw. Waxhaw appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Waxhaw one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Waxhaw's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$245,551

Waxhaw, NC HOME PRICES

Value Range
> $1,188,000 1.3
$891,001 - $1,188,000 2.8
$594,001 - $891,000 6.6
$475,001 - $594,000 10.7
$356,001 - $475,000 18.4
$238,001 - $356,000 20.7
$119,001 - $238,000 34.3
$59,001 - $119,000 3.5
$0 - $59,000 1.7

Very High for NC
High for Nation

Value Relative to Nation Value Relative to State
23.2157506152584 14.519056261343

Number Of Homes And Apartments:
3,646

Waxhaw Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
34.58% 1.74% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,356 / per month

Homeownership Rate

Homeownership
Owners 85.66
Renters 14.34
Vacant 4.33

Housing Market Details

 

Age of Homes

AGE OF Waxhaw HOMES
2000 or Newer 70.5
1970 - 1999 24.7
1940 - 1969 4.3
1939 or Older 0.6

Types of Homes

TYPE OF Waxhaw HOMES
Single-Family 94.1
Townhomes 2.9
Small Apt. Buildings 0.2
Apt. Complexes 1.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Waxhaw HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 4.72
3 Bedrooms 41.49
4 Bedrooms 39.46
5 or more bedrooms 14.33