Waco, TX Real Estate
According to census data in the year 2000 there were 45,863 housing units in Waco.
This represents a 1.7% growth from 45,088 in 1990.
Of those housing units, 44,309 were located in either urbanized areas or urban clusters, and 1,554 were located in what is classified as a rural area.
Homeownership rate in Waco is about 46.3%.
Waco's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Waco were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.30% |
| One Bedroom | 19.30% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 6.80% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $53,300 |
| Median Price asked for vacant units | $36,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $384 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 46.30% |
| Debt Free | 48.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
