Quick facts: Waxahachie, TX

Quick Facts

92.0
Cost of Living
below US average
45,476
Population
18.74
Crime Rate per 1000
below US average
$80,044
Median Income
below US average
$475,000
Median House Price
above US average
$2223.14
Average Rent
above US average
9%
Poverty Rate
below US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $80,044.

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Income Needed to Buy

βœ— Stretch
$149k/year
Based on $475,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $149k vs median $80,044
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Income Needed to Rent

⚠ Stretch
$95k/year
Based on $2223.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $95k vs median $80,044
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Waxahachie, TX

Waxahachie is a charming city located in Ellis County, Texas, approximately 30 miles south of Dallas. Known for its rich history and vibrant community, Waxahachie is often referred to as the "Gateway to the West." It features a picturesque downtown area lined with historic buildings, shops, and restaurants, reflecting its late 19th-century architectural style. One of the city's main attractions is the Ellis County Courthouse, a stunning Victorian-style structure that serves as a centerpiece for the community. Waxahachie also hosts various events throughout the year, including the famous Scarborough Renaissance Festival, which celebrates medieval culture with crafts, food, and entertainment. Outdoor enthusiasts can enjoy the nearby lake parks, such as Lake Waxahachie, offering recreational opportunities like fishing, boating, and picnicking. The city also emphasizes family-friendly activities, with local parks and playgrounds scattered throughout the area. Waxahachie's small-town charm, historical significance, and proximity to the Dallas metropolitan area make it an appealing destination for residents and visitors alike.

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