Waxahachie, 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 Q1 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

Waxahachie, TX Housing Market Trends

With a population of 37,988, 12,276 total housing units (homes and apartments), and a median house value of $221,211, Waxahachie real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waxahachie, accounting for 66.95% of the city's housing units. Other types of housing that are prevalent in Waxahachie include large apartment complexes or high rise apartments ( 19.07%), duplexes, homes converted to apartments or other small apartment buildings ( 6.72%), and a few mobile homes or trailers ( 3.79%).

The most prevalent building size and type in Waxahachie are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.36% owning and 46.64% renting.

Waxahachie homes and real estate are some of the newest in America. 40.04% of Waxahachie's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Waxahachie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.09%), and between 1940-1969 ( 15.61%). There's also some housing in Waxahachie built before 1939 ( 8.27%).

Waxahachie Home Appreciation Rates

In the last 10 years, Waxahachie has experienced some of the highest home appreciation rates of any community in the nation. Waxahachie real estate appreciated 71.36% over the last ten years, which is an average annual home appreciation rate of 5.53%, putting Waxahachie in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waxahachie definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Waxahachie appreciation rates have trailed the rest of the nation. In the last twelve months, Waxahachie's appreciation rate has been 5.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waxahachie were at 1.43%, which equates to an annual appreciation rate of 5.83%.

Relative to Texas, our data show that Waxahachie's latest annual appreciation rate is lower than 60% 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 Waxahachie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waxahachie - 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 Waxahachie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,211

Waxahachie, TX HOME PRICES

> $1,227,000
0.1%
0.1%
$920,001 - $1,227,000
0.1%
0.1%
$613,001 - $920,000
2.0%
2.0%
$491,001 - $613,000
4.0%
4.0%
$368,001 - $491,000
9.8%
9.8%
$246,001 - $368,000
20.2%
20.2%
$123,001 - $246,000
44.1%
44.1%
$62,001 - $123,000
15.4%
15.4%
$0 - $62,000
4.3%
4.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
12,276

Waxahachie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
98.79% 3.29%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,520 / per month

Homeownership Rate

Owners
53.4%
53.4%
Renters
46.6%
46.6%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
40.0%
40.0%
1970 - 1999
36.1%
36.1%
1940 - 1969
15.6%
15.6%
1939 or Older
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.0%
67.0%
Townhomes
3.5%
3.5%
Small Apt. Buildings
6.7%
6.7%
Apt. Complexes
19.1%
19.1%
Mobile Homes
3.8%
3.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
8.0%
8.0%
2 Bedrooms
27.5%
27.5%
3 Bedrooms
46.2%
46.2%
4 Bedrooms
15.4%
15.4%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES