What is the Best Neighborhoods USA ranking for North Lake Waco?
North Lake Waco is ranked #1 of 22 eligible neighborhoods in Waco; #263 of 1,241 eligible neighborhoods in TX; and #3,403 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
North Lake Waco
Waco, TX | McLennan County
Scored premium profile
Best Neighborhoods USA Index
61.9
Stability and Strength
65.6
Value Opportunity
74.9
Momentum
37.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Waco, TX |
| County | McLennan County |
| National rank | #3,403 of 14,967 |
| State rank | #263 of 1,241 |
| City rank | #1 of 22 |
| County rank | #1 of 23 |
| National percentile | 77.3 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $315,383 |
| Year-over-year home value change | -0.8% |
| Month-over-month home value change | -0.01% |
| Home value to income ratio | 3.08 |
| Median household income | $102,376 |
| Bachelor's degree or higher | 30.1% |
| Civilian unemployment rate | 1.6% |
| Homeownership rate | 81.3% |
| Housing vacancy rate | 2.4% |
| Rent burden 30% or higher | 56.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in North Lake Waco
Is North Lake Waco one of the best neighborhoods in Waco?
North Lake Waco has a Best Neighborhoods USA Index of 61.9 and a city ranking of #1 of 22 eligible neighborhoods in Waco.
How much are homes worth in North Lake Waco?
The current Zillow Home Value Index for North Lake Waco is approximately $315,383.
Are home values rising or falling in North Lake Waco?
Zillow neighborhood values changed -0.8% year over year and -0.01% month over month.
What is the Neighborhood Momentum Score for North Lake Waco?
North Lake Waco has a Neighborhood Momentum Score of 37.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in North Lake Waco?
The NDS-derived neighborhood median household income is approximately $102,376.
How affordable is North Lake Waco relative to household income?
The current Zillow home-value-to-household-income ratio is 3.08. Price-to-income affordability is a major Value Opportunity input.
Is North Lake Waco primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 81.3%.
What is the unemployment rate in North Lake Waco?
The NDS-derived civilian unemployment rate is approximately 1.6%.
How educated are residents of North Lake Waco?
Approximately 30.1% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in North Lake Waco face high rent burden?
Approximately 56.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score North Lake Waco?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications346
Estimated originations218
Home-purchase applications239
Origination rate63.1%
Home-purchase share69.0%
Average application loan$254,206
Total application loan amount$87,959,977
National application rankNot rankable
Geometry coverage83.4%
Recent trend: Applications 2.9% YoY; originations -2.1% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.
Texas Current Housing Market
Current housing market in North Lake Waco
A current-market snapshot based on active sale listings observed in the certified National Data System Texas housing refresh.
189
Active listings observed
$327,810
Median asking price
$177.32
Median asking price / sq. ft.
75.0
Median days on market
1,922 sq. ft.
Median home size
Observed asking-price range: $62,000 to $12,500,000
Newest listing observed: 2026-09-18 19:00:00-05:00
How this current-market geography is determined
Coverage basis: Exact neighborhood matches plus strong Census Block Group associations.
131 exact polygon matches; 58 strong supplemental associations. Exact Zillow polygon membership and supplemental Census Block Group association remain separate in the governed data. Supplemental associations are not represented as exact Zillow polygon membership.
Current listing observations are separate from BestNeighborhoodsUSA rankings and do not change neighborhood scores, ranks, historical Zillow trends, Census measures, or HMDA mortgage intelligence.