City-owned Homes And Land in Waco, TX 76715

Current Market Conditions in Waco, TX

The Waco real estate market is currently stable, with moderate price growth and an increase in the number of homes sold compared to previous years. The demand for homes is on the rise, particularly due to the influx of new residents attracted by the area's affordability and strong community aspects.

Rental properties are also increasingly sought after due to the student population from Baylor University and young professionals moving to the area. This trend is expected to continue as the local economy grows and new businesses are established.

Overall, Waco presents a favorable market for both buyers and investors, with a blend of affordable housing options and potential for future appreciation.

Rent Prices 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 $1,217.00. Indeed, when looking to rent in Waco, TX, you can expect to pay as little as $450.00 or as much as $3,680.00, with the average rent median estimated to be $1,130.00. 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.