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City · 22,275 residents · Union County, North Carolina

Waxhaw , North Carolina

In Waxhaw, a typical home is worth $549,400 and typical rent is $1,840 a month. Compared with all of Union County, the typical home value is 32% higher and typical household income is 28% higher.

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  • Typical home value

    $549,400

    32% above the county

    90% above North Carolina

    • Waxhaw
    • Union
    • North Carolina

  • Typical rent

    $1,840a month

    23% above the county

    50% above North Carolina

    • Waxhaw
    • Union
    • North Carolina

  • Typical household income

    $131,894a year

    28% above the county

    82% above North Carolina

    • Waxhaw
    • Union
    • North Carolina

  • Households that own their home

    83%

    1 points above the county

    16 points above North Carolina

    • Waxhaw
    • Union
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$700,136
about the same as 12 months ago
Typical rent
$2,626 a month
5.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Waxhaw is in Union County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Union County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Waxhaw apart

What this place has that others do not, from public data, most unusual first.

  1. Waxhaw has the 3rd smallest share of rent-burdened renters of the 136 cities in North Carolina with more than 5,000 people (32%).

  2. Nearby, in Monroe, the typical home value is $309,100: 44% less than in Waxhaw ($549,400).

  3. Nearby, in Monroe, the typical rent is $1,246: 32% less than in Waxhaw ($1,840).

  4. The typical home in Waxhaw is worth $549,400, 32% more than in Union County as a whole ($417,300).

  5. The typical household income in Waxhaw is $131,894, 28% more than in Union County as a whole ($102,900).

  6. The typical rent in Waxhaw is $1,840 a month, 23% more than in Union County as a whole ($1,496).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Waxhaw

What homes there are in Waxhaw, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Waxhaw: 87% of homes, near the figure in Union County (86%).

Year built

Here half of the homes date from 2010 or later; in Union County, from 2000 or later.

There is more room for a big family here: 91% of homes have 3 bedrooms or more, against 86% in Union County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,351 a month

Union County: $1,940 a month

Without a mortgage

$728 a month

Union County: $553 a month

Owners with a mortgage

79%

Union County: 70%

Owning costs more in Waxhaw: with a mortgage, the typical cost is $2,351 a month; in Union County, $1,940. Without one, $728.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Waxhaw rose 67%; in Union County, it rose 73%.

Since 2015–2019, the typical rent in Waxhaw rose 27%, less than in Union County (45%).

Here income did not keep up with housing: it rose 18%, while home values changed +67% and rent +27%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWaxhawUnion CountyNorth CarolinaUnited States
Rental vacancy Unreliable estimate2.7%7.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate2.6%2.2%3.4%
People per household 3.262.952.442.53
Drive alone 63%70%72%69%
Carpool 8%9%9%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 28%20%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Waxhaw are bigger: 3.26 people on average; in Union County, 2.95.

Many people here do not commute at all: 28% work from home; in Union County, 20%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Waxhaw?

A typical home costs more than the typical income allows

We start with a typical home in Waxhaw, worth $549,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Waxhaw, which is $131,894 a year. For that payment to be 28% of income, a household would need to earn about $190,774 a year.

The calculator's FHA and conventional loan limits are those of all of Union County.

Your numbers

Local data
$

Starts at the typical home value in Waxhaw. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,229 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,451

at 7.18% · 30 years

Loan amount
$539,449
Total interest
$776,141
Paid off in
November 2056

Includes $9,278 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,078 a month

  • Tight

    $3,078 to $3,957 a month

  • Hard

    more than $3,957 a month

    Your payment · 40%

Compared with the typical household income in Waxhaw ($131,894 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,451
Principal & interest$3,654
Property tax$325
Home insurance$229
FHA mortgage insurance (MIP)$243

You need at least $19,229 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Waxhaw and Union County

Waxhaw is in Union County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Waxhaw's own numbers

Typical home value
$549,400
Typical monthly rent
$1,840
Typical yearly household income
$131,894
Households that own their home
83%
Effective property tax rate
0.71%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Union County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,785
Price change over 5 years (FHFA)
+69%
Homes in a high flood-risk zone
0.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Union County.

Everything about Union County

Buying

Buying a home in Waxhaw

A typical home in Waxhaw is worth $549,400: 32% above the county and 90% above North Carolina. With the typical household income in Waxhaw ($131,894 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Waxhaw 4.2 years
  • Union 4.1 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Union County

According to FHFA’s house price index, home prices in Union County rose 128% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Union County.

Period County North Carolina U.S.
Last year (2025) +3.5% +2.5% +2.9%
5 years (2020–2025) +69% +60% +47%
10 years (2015–2025) +128% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Waxhaw next to Union County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Waxhaw $549,400
  • Union $417,300
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Waxhaw $1,840
  • Union $1,496
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Waxhaw $131,894
  • Union $102,900
  • North Carolina $72,388
  • United States $80,734
See the full table
Waxhaw next to Union County and North Carolina
Measure Waxhaw Union County North Carolina U.S.
Typical home value $549,400 $417,300 $288,900 $332,700
Typical monthly rent $1,840 $1,496 $1,228 $1,413
Typical yearly household income $131,894 $102,900 $72,388 $80,734
Households that own their home 83% 82% 67% 65%
Typical yearly property tax $3,906 $2,396 $1,896 $3,119
Effective property tax rate 0.71% 0.57% 0.66% 0.94%
Renters with high rent for their income 32% 43% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Union County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Waxhaw

For a typical $549,400 home in Waxhaw, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waxhaw's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,451a month

    Least cash to close
    Down payment
    $19,229
    Cash to close
    $35,711
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $243

  • Conventional, 5% down $4,351a month

    Down payment
    $27,470
    Cash to close
    $43,952
    Rate
    7.18%
    Mortgage insurance
    PMI · $261

  • Conventional, 20% down, no PMI $3,531a month

    Down payment
    $109,880
    Cash to close
    $126,362
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,039a month

    Down payment
    $82,410
    Cash to close
    $98,892
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Waxhaw and for Union County.

Property tax

Effective rate in Waxhaw

0.71%of the home’s value each year

$3,906 a year for the typical owner in Waxhaw.

  • Waxhaw 0.71%
  • Union 0.57%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Union County

FEMA does not publish these numbers by city: they are for all of Union County.

Homes in the high-risk zone
0.2%
196
Of those, with NFIP insurance
59%
County North Carolina U.S.
Homes in the high-risk zone 0.2% 2.8% 3.5%
Of those, with NFIP insurance 59% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Waxhaw

Typical rent in Waxhaw is $1,840 a month: 23% above the county. In Waxhaw, 32% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Union County, by unit size. To pay the 2-bedroom one ($1,785 a month) without spending more than 30% of your income, you would need to earn $34.33 an hour working full time.

HUD fair market rent for all of Union County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,574 $30.27 $62,960
1 bedroom $1,640 $31.54 $65,600
2 bedrooms $1,785 $34.33 $71,400
3 bedrooms $2,179 $41.90 $87,160
4 bedrooms $2,773 $53.33 $110,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Waxhaw

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Waxhaw is in ZIP code 28173.

For 2 bedrooms it is $2,110: $325 more than the fair market rent for Union County ($1,785).

  • 28173 $2,110$2,580

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Waxhaw when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Waxhaw

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Union County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Waxhaw

No down payment, repair or rent-help program on our list is for Waxhaw or Union County. The ones below are statewide in North Carolina: they work in Waxhaw the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Waxhaw

The HUD-approved agencies closest to the center of Waxhaw, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Monroe-Union County Community Development Corporation

    349 E Franklin St, Monroe · 12 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (704) 283-8804

  • NSC (naca Counseling Subsidiary) - National Counseling Center

    5855 Executive Center Dr Suite 400, Charlotte · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (606) 230-6222

  • NSC (naca Counseling Subsidiary) - Charlotte, NC

    5500 Executive Center Dr Ste 105, Charlotte · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (704) 536-7676

Every agency in Union County All counseling agencies in North Carolina

Help in Spanish near Waxhaw

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Waxhaw

In HUD’s record, no housing authority with an office in Union County is named for Waxhaw or Union County.

One other authority has an office in Union County: see the list Source: HUD

Cities

Other cities in Union County

These cities are also in Union County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Union County Housing in North Carolina

Nearby cities

The cities closest to Waxhaw, with the typical home value.

Neighboring counties

If Union County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Waxhaw.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Waxhaw

Short answers with the numbers for Waxhaw and all of Union County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Waxhaw?

The typical home value in Waxhaw is $549,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Union County it is $417,300.

How much does it cost to rent in Waxhaw?

Typical rent in Waxhaw is $1,840 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Union County is $1,785.

What is the FHA loan limit in Waxhaw?

Waxhaw uses the FHA limit for all of Union County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Waxhaw?

The typical homeowner in Waxhaw pays $3,906 a year, according to the U.S. Census Bureau. That is 0.71% of the home’s value; in Union County, the rate is 0.57%.

Where can I find free help to buy or rent in Waxhaw?

There is 1 HUD-approved counseling agency with an office in Union County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).