Rental prices in Oakwood, Waco, McLennan County, TX have decreased by 3.99% over the past year. The average rent moved from $2,328 to $2,236.
Check out the average rent in Waco.
The national average price of rental apartments is $1,741, while the average monthly rent in Oakwood, Waco, McLennan County, TX is $2,236.
The average monthly rent for an apartment in Oakwood, Waco, McLennan County, TX is around $2,236.
A share of 11% of apartments in Oakwood, Waco, McLennan County, TX have the cheapest rents between $1,001-$1,500. Around 30% of rentals are $2,501-$3,000. Around 38% of Oakwood's apartments have monthly rents between $1,501-$2,000. There are 10% of apartments with rents between $2,001-$2,500. A share of 12% of apartment rentals in Waco are in the > $3,000 range.
The largest share of rentals in Oakwood, Waco, McLennan County, TX (38%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Oakwood, Waco, McLennan County, TX is $1,693.
In Oakwood, 61% of the residents are renting compared to 39% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 18% of Oakwood's rentals, 62% are small-scale complexes with under 50 units, and 19% are single-family rentals.
In total, Oakwood, Waco, McLennan County, TX has 1,899 residents, 948 women and 951 men, per U.S. Census recent estimates. Statistics show that the median age of Oakwood’s population is 23.
There is a total of 676 households in Oakwood, Waco, McLennan County, TX. Of these, 189 have children and 487 are without children. Per Census Bureau’s most current estimates, 344 family households and 332 non-family households live in this area. The size of a household in Oakwood is 2 people, on average. The median household annual income in Oakwood equals $42,277, and the monthly housing costs equal $1,012.
According to data from the U.S. Census Bureau, 4% of the population in Oakwood, Waco, McLennan County, TX have no high school education, 34% went to high-school, and 37% have partially completed college. Moreover, 7% of the population hold an Associate Degree, 12% hold a Bachelor Degree, and 6% hold a Graduate Degree.
