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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 $313,400, lower than the Tennessee average of $315,131.
The average cost of rent is $766/mo in Waco, primarily driven by the current value of real estate in the Waco area. In Waco, 22.27% of households rent, and 50.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waco is $4,827 per month. Households that rent pay about 15.86% of their income on rent here. Waco’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lynnville, TN: equally priced homes
- Yokley, TN: higher priced homes
- Rich, TN: higher priced homes
- Southport, TN: less expensive homes
- Culleoka, TN: higher priced homes
- Campbellsville, TN: equally priced homes
- Screamer, TN: equally priced homes
- Odd Fellows Hall, TN: less expensive homes
- Riversburg, TN: less expensive homes
- New Town, TN: equally priced homes
Cities with Similar Populations
- Scottsburg, OR: equally priced homes
- Sardis, SC: less expensive homes
- Sauney Stand, TX: higher priced homes
- Sawyer, MN: less expensive homes
- Scallorn, TX: higher priced homes
- Scarboro, GA: less expensive homes
- Schnellville, IN: less expensive homes
- Scioto Furnace, OH: less expensive homes
- Scipio, UT: equally priced homes
- Scott, NY: less expensive homes
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