Waco Real Estate Market Overview
Public School Ranking:
Location and Weather
Waco is a picturesque city on the Coastal Plains. Its rolling hills and waterways include the Bosque River, Waco Creek, Tennant Branch, White Rock Creek, Speegleville Creek, Spring Branch, Hog Creek, Marlin Branch, and Live Oak Creek. Located 100 miles south of Dallas, Waco is the birthplace of more Texas governors than any other city.
It’s also home to the Dr. Pepper museum, where the famous soft drink was created. Waco also includes the Texas Ranger Hall of Fame and Museum, and the Waco Mammoth National Monument, which is a fossil site of the bones of Columbian Mammoths.
Waco has warm, muggy summers and cool, windy winters. The temperatures in the summer are in the low 90’s, with lows in the mid-70’s. The winter temperatures are in the mid-60’s, with lows in the mid-40’s.
Population, Job Market and Cost of Living
The population of Waco in 2019 was 138,183, with a growth rate of 1.28%. The job growth has increased by 1.11% and in ten years, is predicted to have increased by 38.32%. The largest industries are in manufacturing, retail trade, arts, entertainment and recreation, accommodation and food services.
The major employers are Central Freight, Baylor University and Texas State Technical College. The city experienced a significant boost in tourism, thanks to the popularity of the home-renovation show, Fixer Upper. The cost of living is low, due to the Waco real estate market and availability of homes and land.
Considering the rich Texan history, abundance of waterways, historic architecture, emerging young entrepreneurial retail businesses, and scenic location, Waco will continue to attract those that want to live in a small city with a traditional and progressive feel.