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Waxhaw, NC—28173

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$692,000
0.6% YoY Growth
Household Income
$146,000
26.0% YoY Growth
Days on Market
67
0.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$2,590
7.3% YoY Growth
1-Bed Rent
$1,250
52.6% YoY Growth
2-Bed Rent
$1,520
3.2% YoY Growth
3-Bed Rent
$2,140
5.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Waxhaw, NC

As of Dec '25, the median home price in Waxhaw, NC is $692,000, with a year-over-year change of 0.6%. This indicates that home prices in Waxhaw, NC are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$692,0000.6%
Single Family $694,0000.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$360,000-0.3%
    3 Bed
    		$446,0000.9%
    4 Bed
    		$711,0000.6%
    5 Bed $898,249-0.4%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    0.3%
    2 Bedrooms
    6.8%
    3 Bedrooms
    26.8%
    4 Bedrooms
    33.5%
    5+ Bedrooms
    31.9%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    0.7%
    1 Bedroom
    2.7%
    2 Bedrooms
    20.2%
    3 Bedrooms
    39.6%
    4 Bedrooms
    26.3%
    5+ Bedrooms
    10.5%

    Property Listings — Waxhaw, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Waxhaw, NC is 68. This is a increase of 15.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$745,0002.0%
    Listing Count
    		26222.0%
    Listings as % of Homes1.0%22.0%
    Days on Market
    		670.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		63,50011.6%
    % Under 18
    		29.6%-8.4%
    % Seniors
    		11.2%20.4%
    % WFH
    		28.2%129.3%
    % w/ College Degree
    		57.0%2.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$692,000
    Median Household Income$146,000

    Waxhaw, NC — ZIP Code Boundary Map

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    Frequently Asked Questions