🔥Great Areas For Investment Properties In Waco 🔥
Great Investment Properties In Waco – Waco is one of the top 20 emerging housing markets for 2022, according to the most recent index from the Wall Street Journal/Realtor.com.
The report analyzed the largest 300 metropolitan areas in the U.S., based on key metrics such as anticipated home price growth, economic vitality, and quality of life, to compile the top real estate markets for both homeowners and investors.
Home values in Waco have increased by over 27% year over year, while median rents for 3-bedroom properties grew by 30% over the past 12 months. Waco’s ideal location between Dallas-Fort Worth and Austin are attracting more people to Waco, helping to keep home values rising and the demand for rental property growing.
🔥Key takeaways 🔥
👉Waco is home to over 138,000 residents in the city and nearly 271,000 in the metropolitan area.
👉Home values in metropolitan Waco have increased by 27.5% over the past year, while median rent prices for 3-bedroom properties have grown 30% year over year.
👉Neighborhoods in Waco with large percentages of renters include Beverly Hills, Hillsboro, Bullmead, and Waco.
🔥Why invest in Waco?🔥
Nearly 1,000 people a day are moving to Texas, and Waco is attracting its fair share. Waco is more affordable than larger urban areas, offers a good quality of life, and is ideally situated between Dallas-Fort Worth and Austin, according to Texas CEO Magazine.
Although the housing market in Waco is still very competitive, Redfin notes that homes are selling for a little less than the listing price on average and can go from active to pending in around 20 days.
Home values in Waco have increased by 27.5% over the past year, according to Zillow (February 2022). The most recent report from Zumper shows median rents for 3-bedroom properties in Waco have increased by 30% year over year (as of March 14, 2022), and over 50% of households in the metropolitan area are occupied by renters.
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