Home Price Key
Affordable
Average
Expensive
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 $139,074, lower than the Texas average of $235,268.
The average cost of rent is $1,032/mo in Waco, primarily driven by the current value of real estate in the Waco area. While nearly 53.47% of residents own their homes outright in Waco, 48.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waco is $4,091 per month. Households that rent pay about 25.21% of their income on rent here. Waco's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Beverly Hills, TX: less expensive homes
- Bellmead, TX: less expensive homes
- Lacy-Lakeview, TX: less expensive homes
- Woodway, TX: higher priced homes
- Robinson, TX: higher priced homes
- Hewitt, TX: higher priced homes
- Elm Mott, TX: equally priced homes
- Lorena, TX: higher priced homes
- Ocee, TX: higher priced homes
- Hallsburg, TX: less expensive homes
Cities with Similar Populations
- Waurika, OK: less expensive homes
- Waverly, FL: higher priced homes
- Wenona, IL: less expensive homes
- Waveland, IN: less expensive homes
- Welcome, WA: higher priced homes
- Wells, TX: less expensive homes
- Watterson Park, KY: equally priced homes
- Wells, VT: higher priced homes
- Webb Lake, WI: higher priced homes
- Webster, ND: equally priced homes
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