Waxhaw, NC—28173
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waxhaw, NC
As of Oct '25, the median home price in Waxhaw, NC is $698,000, with a year-over-year change of 0.7%. This indicates that home prices in Waxhaw, NC are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $698,000 | 0.7% |
| Single Family | $700,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $362,000 | 0.0% |
3 Bed | $449,000 | 0.9% |
4 Bed | $715,000 | 0.7% |
| 5 Bed | $904,000 | -0.3% |
% of Housing Stock
Rental Trends — Waxhaw, NC
As of July '25, Rentcast reports the average rent in Waxhaw, NC is $2,780, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Waxhaw, NC is studios: $745, 1-bedrooms: $1,450, 2-bedrooms: $1,910, 3-bedrooms: $2,220, 4-bedrooms: $2,820. The most common rental property sizes in Waxhaw, NC are 3-bedroom and 4-bedroom, accounting for 39.6% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,590 | $2,780 |
| Studio Rent | $745 | $745 |
| 1 Bed Rent | $1,250 | $1,450 |
| 2 Bed Rent | $1,520 | $1,910 |
| 3 Bed Rent | $2,140 | $2,220 |
| 4 Bed Rent | $2,700 | $2,820 |
% of Rental Stock
Property Listings — Waxhaw, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Waxhaw, NC is 76. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $793,000 | 5.0% |
Listing Count | 352 | 30.0% |
| Listings as % of Homes | 1.0% | 30.0% |
Days on Market | 76 | 29.0% |
Demographics — Waxhaw, NC
As of the latest ACS Survey released in 2023, Waxhaw, NC has a population of 63,500, which has increased by 11.6% over the past 5 years. Waxhaw, NC is a popular place for families, as children make up 29.6% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,500 | 11.6% |
% Under 18 | 29.6% | -8.4% |
% Seniors | 11.2% | 20.4% |
% WFH | 28.2% | 129.3% |
% w/ College Degree | 57.0% | 2.3% |
As of the latest ACS Survey released in 2023, Waxhaw, NC is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Waxhaw, NC is black, making up 8.1% of the population. Foreign-born residents account for 11.8% of the population in Waxhaw, NC, and this percentage has increased by 49.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.0% | -8.6% |
% Black | 8.1% | 12.5% |
% Hispanic | 7.9% | 43.6% |
% Asian | 8.0% | 40.4% |
% Foreign Born | 11.8% | 49.4% |
Mortgage and Risk — Waxhaw, NC
According to HUD data as of 2023, there were 1754 mortgage originations in Waxhaw, NC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Waxhaw, NC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,754 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Waxhaw, NC
As of 2024, the percent of homes in Waxhaw, NC under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Waxhaw, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $680 | $1,250 | $1,930 |
| 2 Bedroom | $620 | $1,520 | $2,140 |
| 3 Bedroom | $500 | $2,140 | $2,640 |
| 4 Bedroom | $650 | $2,700 | $3,350 |
Affordability — Waxhaw, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $698,000 |
| Median Household Income | $146,000 |