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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 $169,259, lower than the Nebraska average of $252,353.
The average cost of rent is $769/mo in Waco, primarily driven by the current value of real estate in the Waco area. In Waco, 11.76% of households rent, and 63.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waco is $6,831 per month. Households that rent pay about 11.25% of their income on rent here. Waco’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Utica, NE: higher priced homes
- York, NE: higher priced homes
- Gresham, NE: equally priced homes
- Benedict, NE: equally priced homes
- McCool Junction, NE: higher priced homes
- Cordova, NE: higher priced homes
- Tamora, NE: higher priced homes
- Beaver Crossing, NE: higher priced homes
- Goehner, NE: higher priced homes
- Staplehurst, NE: higher priced homes
Cities with Similar Populations
- Richmond, WI: higher priced homes
- Lynd, MN: higher priced homes
- Lyons Falls, NY: less expensive homes
- Mackinaw City, MI: higher priced homes
- Mainsville, PA: higher priced homes
- Manitowish Waters, WI: higher priced homes
- McMillin, WA: higher priced homes
- Merigold, MS: less expensive homes
- Middle Grove, MO: higher priced homes
- Midway, IN: higher priced homes
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