Median rent for residential apartments in as of Jul, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
44 Waco, TX, USA apartments for rent
Waco
Waco, TX has a population of 130,659, including 44% white, 33% latino, and 21% black.
| Population | 130,659 |
| Median Age | 28.5 |
| Poverty Rate | 26% |
| Household Income | $34,099 |
| Number Of Employees | 54,556 |
| Median Property Value | $98,800 |
City Overview
The median household income in Waco, TX is around $34,099, while the median age is 28.5. This city is a home to major universities: Doctoral Universities: Higher Research Activity, Baylor University, and Doctoral Universities. 54,556 employees work in Waco, TX. The homeownership rate among the residents is 45.36%. The median property value that you should keep in mind is $98,800.
Business & Economy
Wage by Common Jobs
Average salary in Waco, TX: $34,206
- 1. Elementary & middle school teachers$46,511
- 2. Retail salespersons$40,745
- 3. Secretaries & administrative assistants$36,335
- 4. Nursing, psychiatric, & home health aides$26,757
- 5. Cashiers$20,680
Employment by Occupations
Numbers claim that the employment rate in Waco, TX changed by 2%, so let’s see what are the most common job groups in this area. People of Waco, TX prefer to work in Administrative, Sales and Food & Serving.
Employment by Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Waco, TX work in. The most common industries are Educational Services, Healthcare & Social Assistance and Retail trade. Please note that not all the residents of Waco, TX work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
Demographics
Race & Ethnicity
According to latest census, Waco, TX is a home for 44% white residents. The second common group is latino with 33% residents. The list of the most common racial or ethnic groups is closed by black with 21% residents.
Non-English Speakers
Education
Past year Waco, TX universities awarded around 20,007 degrees. Statistics show that the population of students in Waco, TX include 4,251 male students and 4,410 female students. Waco, TX offers private and public tuition with a median cost of $37,996 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Baylor University with the majority of graduates. The Texas State Technical College and McLennan Community College hold the second and the third place respectively. The share of the public colleges in Waco, TX is 78.1% and 21.9% go to the private colleges.
Universities
- 1. Baylor University4,134 graduates
- 2. Texas State Technical College2,988 graduates
- 3. McLennan Community College1,457 graduates
Public vs Private
- Public21.9%
- Private78.1%
Health and Safety
The age groups that most likely have the health care coverage in Waco, TX are 6-17 years old for men and 6-17 years old for women. Waco, TX offers a 68 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 47 to 1, speaking of mental health doctors ratio, it’s 130 to 1 resident.
Clinician to Patient Ratios
| 47 | patients, dentists |
| 130 | patients, metal health providers |
| 56 | patient and other healthcare providers |
| 68 | patients pet year |
Transportation
Commute Time
Average travel time: 16.85 minutes
- USA
- Waco, TX
Commuter Transportation
The workers of Waco, TX traveled to their offices around 16.85 minutes lately and drove alone to get there. The rest of the residents carpooled and worked at home.
- USA
- Waco, TX
Housing Trends
Waco, TX, USA Housing Trends
Average rent in Waco: $814 (+0.9%)
| Rent Price | Jul | vs Last Month |
|---|---|---|
| 1 bed apartments | $889 | -9% |
| 2 bed apartments | $905 | +12.4% |
| 3 bed apartments | $500 | +0% |
| 4+ bed apartments | $660 | -20.1% |
Over the Jul 2020, the average rent for an apartment in/near Waco, TX increased by 0.9% to $814.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 9% to $889. Pricing for 2-bed apartment also increased by 12.4% and a place of this size will now cost you $905. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $500. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 20.1% and made it down to $660.
| Rent Type Price | Jul | vs Last Month |
|---|---|---|
| Apartment rentals | $845 | +4.7% |
| Room rentals | $579 | N/A |
| Duplex rentals | $993 | N/A |
The median rent for an apartment in Waco, TX increased by 4.7% to $845. An average duplex is now available for $993, cause median rent for a duplex remains the same this month. If you’re looking for a room, the price tag still starts at $579. The median price did not change this time.
Rent vs Own
- Rent45%
- Own55%
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