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Waco

Learn about the people, housing, costs and businesses in Waco

Median Home$228,137
Median Rent$1,211/month
Population302,045
Leading IndustriesTransportation · Manufacturing · Information & Media3% transportation
Home Value Growth⬆+7.3% over 2 years
Young Adults33% of residentsabove average nationally
Homeowners64% of occupied units
NotableVeteran Community8% of residents · top 28% nationally
Waco

Explore Waco

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Waco?›

Mortgage rates for Waco are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Waco?›

The median home value in Waco is $228k. The median monthly rent is $1,211. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Waco?›

Home values in Waco have increased 7.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Waco?›

Based on a typical all-in ownership cost of $1,182/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Waco is $71k/year.

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What industries drive the economy in Waco?›

The largest employment sectors in Waco are public administration (25%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.