Waxahachie, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Waxahachie, Texas rental market.
Waxahachie, Texas
Average Apartment Rent
$1,506
Y-o-Y Change in Average
Apartment Rent
1.3%
As of July 2024
Compared to a year ago, Waxahachie, Texas apartments have recorded a 1.3% rent increase.
Waxahachie, Texas |Average apartment rent trend
Waxahachie, Texas| Average apartment rent
Waxahachie, Texas | Apartment rent ranges
At 61.86%, apartments priced $1,000 - $1,500 represent the bulk of Waxahachie, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.96%.
Waxahachie, Texas | Housing tenure**
Renters take up 40% of Waxahachie, Texas real estate, occupying a total of 5,743 units, while homeowners live in 8,696 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$57,023
Average household size of renter-occupied housing units**
2.61
Rental vacancy rate**
2.1%
Waxahachie, Texas | Renter-occupied housing units by no. of bedrooms**
There are 2,418 rentals in Waxahachie, Texas with 2 beds making up the highest share of the market, at 42%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 200 units. Overall, the median number of rooms in Waxahachie, Texas homes for rent is 4.3.
Waxahachie, Texas |Renter-occupied units by age of householder**
Most condos for rent in Waxahachie, Texas are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Waxahachie, Texas | Renter-occupied housing units by family type**
Waxahachie, Texas | Renter-occupied housing units by the presence of own children**
A total of 3,576 apartments for rent in Waxahachie, Texas, or 62% of all rentals are family households. Additionally, 40% of rental homes include children under the age of 18 – that’s 2,278 units. All in all, the median size of a renter-occupied household in Waxahachie, Texas is 2.61.
Waxahachie, Texas | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Waxahachie, Texas.
Waxahachie, Texas | Renter-occupied units by year structure built**
The highest share of Waxahachie, Texas apartment rentals, namely 24% or 1,387 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (15%, 888 units), and the ones Built 2010 - 2019 (15%, 849 units).
Waxahachie, Texas | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Waxahachie, Texas renters (43%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Waxahachie, Texas condos for rent is 2017.
Waxahachie, Texas | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Waxahachie, Texas renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 10% have No vehicle available.
Waxahachie, Texas | Means of transportation to work of householders living in renter-occupied housing units**
Waxahachie, Texas |Geographical mobility in the past year for householders living in renter-occupied housing units**
Waxahachie, Texas | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Waxahachie, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
