Waco, NC
Full City Profile · North Carolina · Cleveland County County
3.4
/5.0
B
Good
216
Population
257/sq mi density
$31,250
Median Income
$22,785 per capita
$93,100
Home Value
$244,705 Zillow
$1,077
Median Rent
51.0% income on rent
59°F
Avg Temperature
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$31,250 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$93,100 home value, $1,077/mo rent
D
Education
1.9 / 5.0
10.9% bachelor's degree or higher
Housing Overview
Median Home Value
$93,100
67% below
US avg: $281,900
Median Rent
$1,077/mo
7% below
US avg: $1,163/mo
Homeownership Rate
80.0%
22% above US avg (65.4%)
Total Housing Units
153
Median year built: 1972
Home Value by Source
Census Median
$93,100
Zillow (ZHVI)
$244,705
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.0%
Owner-Occupied
20.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$1,077/mo
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
80.0%
Complete Housing Data
Home Values
| Census Median Value | $93,100 |
| Zillow Home Value (ZHVI) | $244,705 |
Rent
| Census Median Rent | $1,077 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
Ownership & Stock
| Owner-Occupied | 80.0% |
| Renter-Occupied | 20.0% |
| Homeownership Rate | 80.0% |
| Total Housing Units | 153 |
| Median Year Built | 1972 |
| Rent Burden | 51.0% |