Waco, TX Real Estate & Homes for Sale | realtor.com® (2024)

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What is the best area to live in Waco Texas? ›

Explore Waco, TX

There are 25 neighborhoods in Waco. Highway 84 West has a median listing home price of $497.5K, making it the most expensive neighborhood. North Waco is the most affordable neighborhood, with a median listing home price of $171.3K.

The cost of living in Waco, TX is same as the state average and 7% lower than the national average. Waco, TX housing is 19% cheaper than the U.S average, while utilities are about 9% pricier.

“The number of jobs in the Greater Waco metro area economy is at an all-time high and continues to grow; the pace of that growth is at or above its average over the last 15 years or so at about 1.5 percent through October,” Ingham said in his report.

i Page 2 The poverty rate was 36 percent in the North Waco area, 33.5 percent in the Waco CDC area, 37.5 percent in the East Waco area, and 28.1 percent in the South Waco area, compared to 26.3 percent for the city overall.

With a crime rate of 38 per one thousand residents, Waco has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 26.

Major business clusters in the Waco area include manufacturing and food and beverage production. Major employers in Waco include Alco Fastening Systems, Allergan, Cargill Foods, H.E.B.

Much of the tourism flowing into Waco is due to the silos that Chip and Joanna Gaines transformed on their ultra-popular HGTV show “Fixer Upper,” but that's not the only reason people are moving.

The 5 largest ethnic groups in Waco, TX are White (Non-Hispanic) (44.9%), Black or African American (Non-Hispanic) (19.8%), White (Hispanic) (15%), Two+ (Hispanic) (11.4%), and Other (Hispanic) (3.19%).

What to know before moving to Waco, Texas? ›

Overall, the cost of living in Waco is below the national average by approximately 10%. While the average cost of utilities is slightly higher, the price of things like housing, childcare, and groceries is lower than in many other places. You'll also find that property taxes are much lower than you may expect.

Historically, Waco has been a very poor area. In fact it has sadly been among the poorest counties in Texas for quite some time now. Even though there are many high and median income areas, the diverse socio-economic landscape has balanced out the real estate market to make it amazingly affordable.

The climate of Waco is humid subtropical with hot summers. It is also continental, characterized by a wide annual temperature range. Precipitation varies considerably, annual values ranging from less than 20 inches to more than 50 inches.

According to a recent study, Waco is among the 20 best places in America to live after retirement. With low costs of living, the area offers affordable rent and incredible recreational activities.

The cost of living in Waco, TX is -9.3% lower than in Houston, TX.