Sell My House Fast in Waco, Texas with an iBuyer

Waco Real Estate Market Overview

Average Monthly Rent:

$1,171

Percentage Change in Home Price/Value:

22.6%

Median Home Value:

$245,000

Best Time To Sell Home:

N/A

Affordability Index:

130

Days To Sell House:

63

Job Market:

Fair

Public School Ranking:

28

Location and Weather

Waco is located in the McLennan County region of north-central Texas. This city lies along the Brazos river, and sits around 100 miles south of Dallas. Along with being known as the birthplace of Dr. Pepper, Waco is also infamous for its Texas Ranger Hall of Fame, beautiful river-side walkways, affordable living and prime location in the heart of Texas.

The weather in Waco can reach up to 102 degrees, but is rarely lower than 27 during the winter. Similar to Temple, the annual amount of snow here is relatively small and there are only around 70 days of rainfall.

Population, Job Market and Cost of Living

Waco’s population is 143,286, with a growth rate of 0.95% annually. The job market here has increased by 1.1% over the last year. In ten years, job growth is predicted to be 38.3%. Manufacturing and food and beverage production are the largest driving sectors of this city’s economy. Tourism and a lively downtown also contribute to the monetary growth this smaller Texan city has seen. Some of the largest employers include Alcoa Fastening Systems, Allergen, Cargill Foods, H.E.B. Stores, and l-3 Integrated Systems.

This city boasts affordable living with low housing costs, despite most residential areas being close to or on a river front view.

Hottest Neighborhoods:

North Lake Waco, Mountainview, Landon Branch, Brookview, West Waco, Kendrick, Parkdale Viking Hills

Average Monthly Rent in Waco

The average monthly rent in Waco is $1,171 for an average apartment size of 871 sq. feet.

Change in Home Value and Median Home Value

There has been a 22.6 % increase in Waco’s median home value over the last year. As of 2022, the median home value is $245,000.

Days to Sell a House

On average, homes in Waco sell after 63 days on the market.

Affordability Index

The affordability index in Waco is 130. This number indicates high affordability in this city.

Waco Public School Ranking

The top ranked public schools are South Bosque Elementary, Woodway Elementary, Bosqueville Elementary, Midway High School, and Bosqueville High School. This information is supported by data from The U.S. Department of Education, The U.S. Census Bureau and the Texas Education Agency.

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