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Friday, July 22, 2022

Your Waxhaw NC Real Estate Questions Answered

Photo of Waxhaw North Carolina

Discover why so many urban professionals call Waxhaw, NC, home. Community spirit and opportunity thrive thanks to a prime location in Union County near Charlotte, NC. Residents gain a balance of small-town tranquility and urban accessibility. Both historic and changing rapidly, living in Waxhaw, NC, promises a pedestrian-friendly, active downtown, quality schools, and affordability.

Are you thinking about buying a home in Waxhaw, NC? If so, you may have a lot of questions.. Get answers to some of the most frequently asked questions about Waxhaw real estate.

What is it like living in Waxhaw, North Carolina?

Waxhaw is in Union County, NC, southeast of Charlotte, NC, bordering South Carolina. The once highly rural county is part of the Charlotte-Concord-Gastonia Metropolitan Statistical Area. The drive from downtown Waxhaw to Uptown Charlotte runs about 23 miles, or about an hour with traffic.

Union County is one of the United States’ fastest-growing counties. It has a strong manufacturing base and is adding new suburbs and developments across its towns. Even as it develops, around 46% of the land here has a farm designation. This means vast land tracts are virtually untouched by urban development. Drive around, and you’ll see many horse barns and pastureland. In 2023, the county was the top producer in the state for wheat and soybeans and third overall in grain crops.

But it’s not all farmlands, as the metro suburbs encroach into Union County. As a result, the county has many thriving communities as part of the Charlotte metro. They include Monroe, the county seat, about 12 miles east of Waxhaw. This lovely town has been the backdrop of film, and it mixes its past with an active lifestyle that is current to the times. It’s home to the highly regarded Wingate University, a private institution, and the West Campus of South Piedmont Community College on Old Charlotte Highway.

If you’re a new resident of the Charlotte area, you’re likely interested in living in Union County’s western section, near the county line and the Charlotte metro. Most of the housing developments are clustered here in suburban towns like Indian Trail and Weddington.

What are the advantages of living in Waxhaw, NC?

One of the top reasons why you’ll hear people pick Waxhaw is the public schools. Union County Public Schools is among the best districts in North Carolina. In 2023-2024, its test scores ranked it second statewide for overall proficiency and the highest graduation rate. Forty-four of its 50 schools met or exceeded growth measures. It has multiple special programs, from IB at Marvin Ridge High School (NC top ten high school), Sustainable Energy Academy at Waxhaw Elementary, and a School of the Arts at Benton Elementary School. Nearly all the nearby schools deliver on rigor, meeting individual learner needs, and focus on a consistent school experience.

Waxhaw also has a low crime rate, posting well below the national and state average. That’s for property crime and violent crime.

People also talk about all the outdoor activities and the beauty of the countryside. Waxhaw’s parks are designed for outdoor recreation, with sports fields for leagues and playgrounds for kids. The downtown park has an amphitheater for summertime movie nights and concerts. There’s even a skate park and pump track for BMX. The Carolina Thread Trail will connect the Twelve Mile Greenway and Cane Creek Park.

Even though it’s a close-knit community with a historic downtown center, Waxhaw does have convenient shopping. Besides the clothing shops and restaurants downtown, the main roads link to essential grocery stores like Harris Teeter and Food Lion. Waxhaw Parkway also has Lowe’s Home Improvement, Walmart, and health care providers in the Atrium and Novant networks.

Antique collectors come to Waxhaw for its high-quality antique shops. The vintage tradition goes back decades, and it’s shopping the town is known for. Several downtown shops cater to this crowd, like the Waxhaw Antique Mart. The historic buildings they operate from add to the old-timey vibe.

What is the cost of living in Waxhaw, NC?

The overall cost of living in Union County is 106.2 based on the cost of living index, which assigns a value of 100 to the national average. Healthcare had the lowest cost of living index score (97.2), while housing costs were the highest (118.4). Most expense categories were close to 100, with differences within a 4-point spread.

Specifically in Waxhaw, the cost of housing was by far the highest expenditure. Median sale prices were 57% over the national average, but the other cost differentials were near Union County’s typical expenses.

Is Waxhaw, North Carolina, growing?

Waxhaw is one of the fastest-growing cities in North Carolina. The population has increased by 108% since 2010, and Union County has seen similar growth. The 2010 Census reported 9,859; in 2020, it reached 20,534 residents. It’s estimated the small town is growing at 3.3% each year. As of 2023, it is estimated to be near 34,000 residents.

People are drawn to living in Waxhaw, NC, for its sense of community, excellent schools, and access to Charlotte.

What types of homes are available in Waxhaw, NC?

Your home selection is quite diverse in Waxhaw. You can find starter homes at affordable prices. Those seeking an exclusive luxury neighborhood will find that, too, with estate homes on large lots. There is a high share of luxury communities around the Waxhaw area.

Being on the edge of an agricultural community, it also has small farms for those seeking equestrian living or to run a homestead. Demand is also spurring new construction homes. Near the town center are beautiful historic homes radiating character. There is a home for everyone in Waxhaw.

What is the average price of a home in Waxhaw, NC?

The median home price in Waxhaw was $718,000 for the year-to-date ending September 2024. That figure was 8% more than the same time last year. The housing market that month had 189 homes for sale, a 125% spike over the prior year. It was a 2.9-month supply of home. However, prices can range from around $70,000 for a vacant residential lot over an acre in size to over $6.9 million for a seven-bedroom, 8.5+-bathroom custom estate home.

Waxhaw homes generally have appreciated year-over-year. The 2024 real estate market showed some price stabilization on trend with the rest of the nation.

Are there any condos or townhomes available in Waxhaw, NC?

Condo and townhome properties are present, but single-family homes dominate the local real estate market. In October 2024, there were 25 condo and townhome properties available for sale. The listing price range for condos and townhomes in Waxhaw was $315,000 to $515,000, with primarily townhome listings. New construction added to the available homes for sale.

What is the property tax rate for Waxhaw, NC?

Property taxes in Waxhaw are relatively low. For the 2024-2025 tax year, the county tax rate was $0.25122, and the city tax rate was 38.5 cents. Waxhaw also had a $0.0523 Fire District tax. All rates are per $100 of assessed property value. Property taxes are due on September 1 each year.

What neighborhoods are in Waxhaw, NC?

You have over 140 neighborhoods and developments to explore in Waxhaw, ranging from townhomes to beautiful custom homes. Live in amenity-rich neighborhoods or off the beaten path. Some of the favorite communities in Waxhaw are:

  • The Reserve at Waxhaw: A luxury home community with 340 houses starting in the $700,000s. Home sizes range from 2,000 to 4,000 sq ft. A homeowner’s association maintains amenities like the clubhouse, swimming pool, playground, extensive walking trails, and pond area. Waxhaw Reserve is located off of Rea Road and has easy commute to Charlotte.
  • Aero Plantation: Aero Plantation is a master-planned neighborhood with a private, paved airport with a light aircraft hanger. Built with tranquil natural living in mind, the community carries a wildlife sanctuary designation. Among the wooded lots are 38 acres of lakes. Lots start at two acres.
  • Wesley Oaks: Wesley Oaks is a newer neighborhood located off New Town Road within walking distance of the Wesley Village Shopping Center. This community was built in the mid-2000s. Families appreciate being near Waxhaw Elementary School.
  • Skyecroft: This luxury community was created with a European style. The gated community provides for modern living with a clubhouse, pool, common green areas, expansive trails, and tennis courts. The HOA and builders pride themselves on attention to detail.
  • Hunter Oaks: Developed among horse farms, the community amenities include tennis courts, walking trails, and two swimming pools. Nearby shopping includes the Blakeney Shopping Center and the Stonecrest Shopping Center. Homes tend to be in a traditional style on generous lots.
  • Providence Downs South: Another upscale community, this neighborhood is a gated, fully amenitized community constructed with old-world charm. Median prices were around $1.2 million in spring 2022. It’s closer to the unincorporated Marvin subdivision and has a shorter daily commute time to Uptown Charlotte.
  • Millbridge: This new construction community of 900 homes blends nature with quality living. It has dedicated green spaces and a bridge connecting the neighborhood to Twelve Mile Creek. The community pool includes a splash pad and a play area for the little ones.
  • Cureton: Its distinct neighborhoods are seamlessly linked by walking paths, ponds, quaint bridges, and pocket parks. Retail shopping is right outside the neighborhood on Providence Road. Select developers thoughtfully crafted Cureton’s beautiful neighborhoods. Find traditional three-story brick homes with basements or more traditional southern-style houses.

Whether you’re looking for a luxury home or a more budget-friendly option, a neighborhood in Waxhaw is sure to be perfect for you.

Are there any waterfront properties found in Waxhaw, NC?

There are no waterfront properties in this charming community. However, there are many other beautiful homes and neighborhoods to choose from. Whether you’re looking for a bedroom community to commute to or your getaway home, a Waxhaw neighborhood will surely have what you’re looking for.

How is golf in Waxhaw, NC?

The golf scene around Waxhaw is thriving, with plenty of courses to choose from. Whether you’re a beginner or an experienced golfer, you’ll be able to find a course that’s perfect for you.

Some of the most popular courses in the greater area include Stonebridge Golf Club, The Club at Longview, Firethorn Country Club, Providence Country Club, and Carolina Lakes Golf Club.

Are there golf course communities in Waxhaw, NC?

There are no golf course communities in Waxhaw proper, but you can explore options nearby in Mineral Springs and Weddington.

What areas are near Waxhaw, NC?

Waxhaw is just south of Charlotte, NC. The drive from Waxhaw to Uptown Charlotte is about 40 minutes, depending on traffic flow. In Charlotte, you have delicious restaurants, professional sports teams, world-class dining and shopping, and an active nightlife scene.

A Union County gem is Cane Creek Park. Located south of Waxhaw, the 1,050-acre park has 11 miles of hiking, mountain biking, and horseback riding trails. Cane Creek facilities include an amphitheater, campground, boat rentals for its 350-acre lake, ball fields, and playgrounds. In the fall, visitors can see endangered sunflowers.

Mineral Springs sits just east of Waxhaw, with just over 3,000 people. Its historic Mineral Springs Hotel & Spa was built in 1858. The locals are committed to preserving its small-town character and rural beauty. Stables and farms abound in its countryside.

Weddington is north of Waxhaw. Purposefully designed as a spacious residential suburb of Charlotte, its real estate market has homes on spacious lots starting at one acre. It has only one shopping district and a population of just over 10,000.

County seat Monroe is west of Waxhaw. This town council describes itself as “progressive” but preserving its small-town values. It’s the kind of place where civic clubs put on art festivals, car shows, and holiday parades along Main Street. Watch shows at its historic live theater or wander the shops of its downtown historic district. Around 36,000 people call Monroe home.

Just minutes away is the South Carolina border. On the other side, you have the Carolina Lakes Golf Club in Sun City, an active adult community, the Catawba River, and Walnut Creek Park. South is the historic town of Lancaster.

What to know about living in Waxhaw, NC

Waxhaw is a great place to live if you want a small-town feel with easy access to big-city amenities. The town has a thriving downtown area with quaint coffee shops, antique stores, and community centers. Outdoor activities include hiking and biking trails and golf courses. Charlotte is a short drive away, so you’ll never be bored.

We hope this has answered some of your questions about Waxhaw real estate. If you have any other questions or want more information about buying a home in Waxhaw, please contact us. We’d be happy to help you find your perfect home.

Updated October 2024

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Preston Guyton