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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 $208,112, lower than the Kentucky average of $219,615.
The average cost of rent is $833/mo in Waco, primarily driven by the current value of real estate in the Waco area. In Waco, 14.27% of households rent, and 39.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waco is $6,014 per month. Households that rent pay about 13.85% of their income on rent here. Waco’s most expensive areas are in the northern 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
- Speedwell, KY: higher priced homes
- Bybee, KY: higher priced homes
- Kingston, KY: equally priced homes
- Winston, KY: less expensive homes
- Moberly, KY: equally priced homes
- Wisemantown, KY: less expensive homes
- Witt Springs, KY: less expensive homes
- Duluth, KY: equally priced homes
- Terrill, KY: less expensive homes
- College Hill, KY: less expensive homes
Cities with Similar Populations
- Babbitt, MN: less expensive homes
- Wooster, AR: higher priced homes
- Choteau, MT: higher priced homes
- Chester, GA: less expensive homes
- Chappell Hill, TX: higher priced homes
- Centerbrook, CT: higher priced homes
- Cedarville, NJ: equally priced homes
- Cecil, PA: higher priced homes
- Cambria, IL: equally priced homes
- Buras, LA: less expensive homes
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