Why Live in University
The University neighborhood in Waco, located just a mile southwest of downtown and Baylor University, offers a blend of affordability and convenience. Despite its name, it lies outside the main student area known as the Baylor bubble. The neighborhood features narrow residential streets with mostly 1950s starter homes, some recently remodeled for added curb appeal, while others await renovation. Lot sizes are typically under a quarter acre, with fenced yards and tree growth providing privacy. Sidewalks vary in condition, with some overgrown or missing. The area is known for its budget-friendly home prices, with fixer-uppers and vacant lots ranging from $50,000 to $100,000, and average two- to three-bedroom homes priced between $150,000 and $300,000.
Local dining options include George’s Restaurant, famous for its “Big O” beer goblet, and Magnolia Table, a popular breakfast and lunch spot by Chip and Joanna Gaines. Dos Mundos Spud Shack offers unique baked potato dishes, and groceries can be found at H-E-B on South Valley Mills Drive. For recreation, the South Waco Recreation Center provides programs for all ages, including after-school care, fitness classes, and seasonal events. Bell’s Hill Park features a walking trail, picnic areas, and an outdoor gym.
Residents can enjoy the Brazos Nights concert series in early summer and other downtown festivities. The neighborhood is well-connected, with Interstate 35 providing quick access to downtown and Baylor University. Waco Transit System buses serve the area, and Waco Regional Airport is 7 miles away. Sacred Heart Catholic Church offers regular services and daily confession.
Frequently Asked Questions
Is University a good place to live?
University is a good place to live. University is considered car-dependent and somewhat bikeable. University has 3 parks for recreational activities. It has a median age of 31. The average household income is $55,026 which is below the national average. College graduates make up 5.4% of residents. A majority of residents in University are home owners, with 37% of residents renting and 63% of residents owning their home. A
local real estate agent serving University can help you decide if this neighborhood is the right one for you. Learn more on our
University neighborhood guide.
How much do you need to make to afford a house in University?
The median home price in University is $219,950. If you put a 20% down payment of $44,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,090 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $47K a year to afford the median home price in University. The average household income in University is $55K.
What are the best public schools in University?
The best public schools that serve University are:
What are the best private schools in University?
The best private schools that serve University are:
What are the most popular zip codes in University, Waco, TX?
What are the most popular neighborhoods near University, Waco, TX?
Are home prices dropping in University?
Yes, home prices in University are down 15% in the last 12 months.
Home Trends in University, TX
On average, homes in University, Waco sell after 97 days on the market compared to the national average of 52 days. The median sale price for homes in University, Waco over the last 12 months is $209,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$209,000
Median Single Family Sale Price
$201,900
Average Price Per Sq Ft
$156
Number of Homes for Sale
12
Last 12 months Home Sales
23
Median List Price
$219,950
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
0%