Waxahachie, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Waxahachie Neighborhoods Since 2000




Waxahachie, TX 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

Waxahachie Housing Market Information

With 33,384 people, 10,926 houses or apartments, and a median cost of homes of $168,768, Waxahachie real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Waxahachie, accounting for 67.67% of the city's housing units. Other types of housing that are prevalent in Waxahachie include large apartment complexes or high rise apartments ( 18.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.46%), and a few mobile homes or trailers ( 3.84%).

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 51.96% owning and 48.04% renting.

Waxahachie homes and real estate are some of the newest in America. 38.88% 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 ( 34.40%), and between 1940-1969 ( 16.45%). There's also some housing in Waxahachie built before 1939 ( 10.27%).

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 27.90% over the last ten years, which is an average annual home appreciation rate of 2.49%, 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 8.99%, which is higher than appreciation rates in 90.70% 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 2.35%, which equates to an annual appreciation rate of 9.75%.

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

Relative to Texas, our data show that Waxahachie's latest annual appreciation rate is higher than 80% 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:
$168,768

Waxahachie, TX HOME PRICES

Value Range
> $1,276,000 0.3
$956,001 - $1,276,000 0.0
$638,001 - $956,000 1.5
$511,001 - $638,000 1.6
$383,001 - $511,000 5.3
$255,001 - $383,000 11.0
$128,001 - $255,000 48.0
$64,001 - $128,000 23.9
$0 - $64,000 8.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
42.0485175202156 25.5836575875486

Number Of Homes And Apartments:
10,926

Waxahachie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
49.79% 2.37% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,240 / per month

Homeownership Rate

Homeownership
Owners 51.96
Renters 48.04
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Waxahachie HOMES
2000 or Newer 38.9
1970 - 1999 34.4
1940 - 1969 16.4
1939 or Older 10.3

Types of Homes

TYPE OF Waxahachie HOMES
Single-Family 67.7
Townhomes 2.3
Small Apt. Buildings 7.5
Apt. Complexes 18.7
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Waxahachie HOMES
No Bedroom 0.93
1 Bedroom 8.56
2 Bedrooms 27.84
3 Bedrooms 48.74
4 Bedrooms 12.91
5 or more bedrooms 1.02