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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 Q4 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 43,368 people, 13,660 houses or apartments, and a median cost of homes of $372,748, Waxahachie real estate is some of the most expensive in Texas, although Waxahachie home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Waxahachie, accounting for 73.04% of the city's housing units. Other types of housing that are prevalent in Waxahachie include large apartment complexes or high rise apartments ( 16.85%), duplexes, homes converted to apartments or other small apartment buildings ( 3.82%), and a few row houses and other attached homes ( 3.63%).

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 56.28% owning and 43.72% renting.

Waxahachie homes and real estate are some of the newest in America. 46.13% 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 ( 31.18%), and between 1940-1969 ( 16.00%). There's also some housing in Waxahachie built before 1939 ( 6.69%).

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 138.79% over the last ten years, which is an average annual home appreciation rate of 9.09%, putting Waxahachie in the top 10% 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.

Appreciation rates are so strong in Waxahachie that despite a nationwide downturn in the housing market, Waxahachie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waxahachie appreciation rates continue to be some of the highest in America, at 16.98%, which is higher than appreciation rates in 88.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waxahachie. Waxahachie appreciation rates in the latest quarter were at -0.32%, which equates to an annual appreciation rate of -1.27%.

Relative to Texas, our data show that Waxahachie's latest annual appreciation rate is lower than 50% 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

$372,748

Waxahachie, TX Home Prices
> $1,486,000
$1,114,001 - $1,486,000
$743,001 - $1,114,000
$595,001 - $743,000
$446,001 - $595,000
$297,001 - $446,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
0.3%
0.3%
1.8%
1.8%
2.4%
2.4%
6.5%
6.5%
15.3%
15.3%
30.1%
30.1%
29.5%
29.5%
10.0%
10.0%
4.1%
4.1%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

13,660

Waxahachie Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,427 / per month

Homeownership Rate

Owners
Renters
Vacant
56.3%
56.3%
43.7%
43.7%
6.3%
6.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
46.1%
46.1%
31.2%
31.2%
16.0%
16.0%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.0%
73.0%
3.6%
3.6%
3.8%
3.8%
16.8%
16.8%
2.7%
2.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
6.7%
6.7%
24.1%
24.1%
48.0%
48.0%
18.3%
18.3%
1.2%
1.2%
0% 100.0%
% of Homes

Popular Communities Near Waxahachie, TX

Zip Codes in Waxahachie, TX