Waco Real Estate Market Overview
Public School Ranking:
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.