The typical owner-occupied home in Waxhaw is worth about $549,400, 90% above the North Carolina median of $288,900 and 65% above the national median of $332,700. Owners pay a median $3,906 a year in property taxes, about 0.71% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $131,894 a year, so the median home costs 4.2 times the median income (4.0 times for North Carolina). 83% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Waxhaw at a glance
| Waxhaw | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $549,400 | $288,900 | $332,700 |
| Median property tax paid per year | $3,906 | $1,896 | $3,119 |
| Property tax as a share of value | 0.71% | 0.66% | 0.94% |
| Median household income | $131,894 | $72,388 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 79% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,351 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.4% | 21.0% |
| Median rent | $1,840 | $1,228 | $1,413 |
| Rent as a share of renters' income | 24.0% | 29.5% | 30.6% |
| Median year homes were built | 2010 | 1991 | 1980 |
| Vacant homes | 3.8% | 12.5% | 10.1% |
| Population | 22,275 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Waxhaw
At this week's average 30-year rate of 7.11%, buying the median Waxhaw home of $549,400 with 20% down costs about $3,511 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,426, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $150,457 for the 20%-down payment. That payment is 32% of the median Waxhaw household income of $131,894; at that income and 20% down, the 28% guideline points to a home of about $482,000.
The median rent here is $1,840 a month, so owning the median home costs about $1,671 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $109,880 |
|---|---|
| Loan amount | $439,520 |
| Principal and interest | $2,957 |
| Property taxes (0.71% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| PMI | $0 |
| Total per month | $3,511 |
Change the numbers in the calculator
| Down payment | $19,229 |
|---|---|
| Loan amount | $539,449 |
| Principal and interest | $3,629 |
| Property taxes (0.71% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $229 |
| FHA mortgage insurance | $243 |
| Total per month | $4,426 |
Change the numbers in the calculator
Questions about home buying in Waxhaw
What is the median home value in Waxhaw?
About $549,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waxhaw?
Homeowners pay a median $3,906 a year, which is about 0.71% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waxhaw?
For the median home with 20% down at 7.11%, the payment is about $3,511 a month. Keeping that under 28% of gross income takes about $150,457 a year.
More about Waxhaw
- Mortgage Refinance in Waxhaw
- Debt Relief in Waxhaw
- Home Equity Loans in Waxhaw
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data