There are currently 43,260 real estate properties in Waco, TX, with a median automated valuation model (AVM) price of $190,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waco, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Waco, TX, is $221,631.00, with the most expensive house in Waco, TX, topping out at $5,191,000.00 and the cheapest home in Waco, TX, clocking in at $13,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Waco, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waco, TX, is on a rollercoaster ride. The average rent price in Waco, TX, is $1,220.00. Indeed, when looking to rent in Waco, TX, you can expect to pay as little as $450.00 or as much as $3,340.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Waco, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Waco, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Waco, TX and much more. Save thousands at closing with home foreclosure listings in Waco, TX — up to 75% off market value!
Waco is located in McLennan, Texas, with an estimated municipal population of 139,236 residents. All of the best foreclosed homes for sale in Waco are located in the following zip code areas on Foreclosure.com: 76798 76710 76711 76712 76708 76701 76707 76706 76704 76702 76703 76714 76797 76799. The estimated population per square kilometer (.62 miles) in Waco is 605.
So, about how much do homes cost in Waco? The most recent median value of resident-owned homes in Waco is 122,106. An estimated 46.1 percent of households in Waco own their homes, with an average family size of 3.28. The median household income in Waco is 40,190, with15.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Waco, the median commute time of resident workers (in minutes) is 17.3. And last, but certainly not least, are you looking for homes to rent in Waco? If so, the average rent price paid by renters in Waco is 862, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Waco, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Waco is 28.7, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Waco is 36.8, with an average family size of 3.28.
The percentage of residents who report their race in Waco is as follows:
|Black / African American||21.2%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Waco? Or maybe you are searching for 55+ active adult communities in and/or near Waco?
The percentage of residents who report their age in Waco is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Waco with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Waco.
How do you know that living in -- or moving to -- Waco is right where you need to be? Perhaps you grew up in Waco or already live nearby; therefore, the decision to buy a home in Waco is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Waco for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Waco:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Waco.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Waco can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Waco, meanwhile, can field multiple offers from more qualified buyers.