The Most Affordable Neighborhoods in North Lake Waco, Waco, TX by Home Value

 

North Lake Waco, Waco, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the North Lake Waco area can be challenging. Home prices in North Lake Waco are now at a median cost of $298,038, higher than the Waco average of $192,745.

The average cost of rent is $1,753/mo in North Lake Waco, primarily driven by the current value of real estate in the North Lake Waco area. In North Lake Waco, 17.55% of households rent, and 33.10% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in North Lake Waco is $8,539 per month. Households that rent pay about 20.54% of their income on rent here. North Lake Waco’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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