Living in the Heart of Texas Has Never Been More Advantageous!
The Heart of Texas has an ample supply of housing to meet everyone’s needs. For the first time buyer or renter, or the retirees looking to downsize and everyone in between, the region has a multitude of locations with ample supply to find a residence without breaking their budget!
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The median home price for all six counties in the Heart of Texas region offer significant advantages when compared to other nearby cities, elsewhere in Texas and across the country.
Similar deals can be found if renting, according to RentCafe. The average monthly rent for a 868 square-foot apartment in Waco in October 2020 was $1,021, versus the national average of $1,464.
Whether you’re looking for a townhome in downtown Waco or a 100-acre ranch in the rolling hills of a rural community, the Heart of Texas has the supply to meet every need. Most housing in the Heart of Texas region is owner occupied. U.S. Census Bureau 2019 information indicates the owner-occupied housing rate in the five more rural counties range between 72.4% and 77.4%, while McLennan County is 59.2%. The Texas average is 62%.
Buying a home in the region has also been a successful financial endeavor. According to Zillow, typical McLennan County home values increased nearly 10% in 2020 and it forecasts a similar rise for 2021. And while the past year saw negligible rises for the other area counties, the forecast for 2021 indicates home values rising by nearly 10%.
Several resource options also exist for those in the affordable housing market, such as the Waco Housing Authority and the Section 8.
The Heart of Texas is a Great Place to Retire
The Region has also been a burgeoning area for retirees in recent years. Several excellent independent living communities can be found around Waco at Caring while Bosque County has a growing retirement community. The city of Clifton having been listed in 2009 as one of only 40 Certified Retirement Communities in Texas.