The Most Affordable Neighborhoods in Waco, NC by Home Value

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 $114,708, lower than the North Carolina average of $323,314.

The average cost of rent is $1,044/mo in Waco, primarily driven by the current value of real estate in the Waco area. In Waco, 30.37% of households rent, and 58.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Waco is $4,513 per month. Households that rent pay about 23.13% of their income on rent here. Waco’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

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

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