According to statistics, the population in Waco, TX amounts to 131,996, which shows growth 1% compared to the previous year. The median age of the city’s residents is 29. The average household income is $36,004, shifting growth 6% from the past year, and the average property value in Waco, TX growth 9% to $107,700 throughout the year.
|Number Of Employees||57,866|
|Median Property Value||$107,700|
The average household income in Waco, TX grew from $34,099 to $36,004 in the past year. This data is an estimate based upon 47,675 households in Waco, TX . The chart below presents how household income is distributed in Waco, TX in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Waco, TX shifted from $98,800 to $107,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Waco, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Waco, TX properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Waco, TX compared to median property taxes around the country. The prevalent amount of property taxes in Waco, TX equals $3000, which is less than the national average.
During Dec 2022, the average price for an apartment in/near Waco, TX decreased by 1% to $331,603.
Knowing the current property prices is key if you plan to buy a studio in Waco, TX. The average price for a studio has decreased since the last month, currently being $303,062. After collecting all data points, we now see that the average price for 1-bed apartment increased by 1% to $169,981. Asking price for 2-bed apartment also decreased by 1.1% and a place of this size will now cost you $167,953. A 3-bed apartment goes for $251,615, it decreased by 1.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.9% and made it down to $546,146.
While assessing the property pricing Waco, TX, you can note that it remains flat with a price tag of $242,500. Price reports demonstrate that house price decreased by 1.3% this month making it up to $320,197. Condos are really in demand in this season. The median price for a condo increased by 1.6%, it’s now available for $191,575. You can now purchase a duplex for just $475,515, duplex price increased by 0.6% this month. The price statistics of lofts have not significantly changed, it now still goes for $1,543,620. Value of the townhouses didn’t change, the price still starts at $415,400. The average price of the land for sale in Waco, TX has decreased by 7%, and now equals $247,988.