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Affordable
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These days, finding an affordable place to live in the Waco area can be challenging. Home prices in Waco are now at a median cost of $262,966, higher than the Kansas average of $243,949.
The average cost of rent is $1,003/mo in Waco, primarily driven by the current value of real estate in the Waco area. In Waco, 9.66% of households rent, and 52.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waco is $8,502 per month. Households that rent pay about 11.80% of their income on rent here. Waco’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Peck, KS: less expensive homes
- Belle Plaine, KS: less expensive homes
- Haysville, KS: less expensive homes
- Cicero, KS: less expensive homes
- Millerton, KS: equally priced homes
- Mulvane, KS: less expensive homes
- Clearwater, KS: equally priced homes
- Derby, KS: higher priced homes
- Viola, KS: equally priced homes
- Udall, KS: less expensive homes
Cities with Similar Populations
- Pottsville, TN: higher priced homes
- Mount Carbon, WV: less expensive homes
- Mount Eagle, PA: equally priced homes
- Mount Vernon, WI: higher priced homes
- Mount Victory, KY: less expensive homes
- Myra, TX: higher priced homes
- Nevins, IL: less expensive homes
- Potomac Shores, MD: higher priced homes
- Potts Grove, PA: less expensive homes
- Mossy Head, FL: less expensive homes
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