The Waxahachie Board Meeting on May 12, 2025, highlighted significant developments in local housing and anticipated growth in student enrollment, reflecting the community's evolving landscape.
One of the key discussions centered around the ongoing residential developments in the area. Dove Hollow is nearing completion, while North Grove has approximately 1,400 total lots, with 206 still available for development. Currently, 41 homes are under construction, and about 1,100 homes are occupied. This growth is expected to continue, contributing to the community's housing supply.
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Subscribe for Free In the Wedgwood zone, Ridge Crossing is another focal point, featuring 242 total lots, with 114 planned for future development. While 96 lots are ready for construction, the starting price for homes in this area is around half a million dollars, which may limit the density of new students compared to other neighborhoods. In contrast, Shepherd's Place, with 264 total lots and homes starting at $350,000, is anticipated to attract a higher number of students due to its more affordable pricing.
The meeting also addressed the multifamily housing market, noting a slight decline in occupancy rates across the Dallas-Fort Worth area, which includes Waxahachie. The effective rent per square foot has decreased to $1.72, indicating a stabilization in the market. Currently, there are about 5,000 multifamily units within the district, with many still under construction.
Looking ahead, the district expects a 3.8% growth in student enrollment for the 2025-2026 school year, with a conservative budget anticipating an increase of about 300 students. This growth trend is expected to stabilize after previous fluctuations, as more homes become available for purchase.
Overall, the discussions at the Waxahachie Board Meeting reflect a community in transition, with ongoing developments poised to shape the future of housing and education in the area. As these projects progress, residents can expect changes that will impact their daily lives and the local economy.