Waxahachie, Texas Housing Market Prices
Waxahachie Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 26% above the Texas median$327,232
-
Median rent 9% above the Texas median$1,526
Housing Market Overview
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,232 | $258,873 | $248,835 |
| Price Trend (Annual %) | 26.7% | 9.2% | 7.5% |
| Median Gross Rent | $1,526 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waxahachie is about 26% higher than in Texas. Rent is about 9% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Waxahachie, up about 26.7% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Waxahachie rose about 63.4% between 2015 and 2024, from $934 to $1,526. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Waxahachie.
Buying the median-priced home in Waxahachie costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Waxahachie. The price-to-rent ratio in Texas is about 15.4.
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $327,232 | $258,873 | $248,835 |
| Median Household Income | $83,255 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Waxahachie rose about 75.6%, while median household income rose about 59.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 56.7% | 58.5% |
| Rental Rate | 37.2% | 33.9% | 31.2% |
| Vacancy Rate | 6.2% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Waxahachie has a homeownership rate of 56.6%, about the same as the Texas average of 56.7%. Its housing vacancy rate is 6.2%, compared with 9.4% in Texas.
Housing Stock
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.77 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Waxahachie was built around 1997. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Waxahachie, Texas.
What is the median home price in Waxahachie, Texas?
The median home price in Waxahachie, Texas is $327,232, higher than the Texas average of $258,873.
What is the average home price in Waxahachie, Texas?
The typical home price in Waxahachie, Texas, reported as the median sale price, is $327,232. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Waxahachie, Texas?
The median gross rent in Waxahachie, Texas is $1,526 per month, higher than the Texas average of $1,402.
What was the median gross rent in Waxahachie in 2020?
In 2020, the median gross rent in Waxahachie, Texas was $1,096 per month.
What is the price-to-rent ratio in Waxahachie, Texas?
The price-to-rent ratio in Waxahachie, Texas is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Waxahachie.
Are home prices or rent rising faster in Waxahachie, Texas?
Both home prices and rent are rising in Waxahachie, up about 26.7% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waxahachie, Texas?
56.6% of households in Waxahachie, Texas own their home, about the same as the Texas average.
What is the vacancy rate in Waxahachie, Texas?
The housing vacancy rate in Waxahachie, Texas is 6.2%, lower than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →