BAYLORBAYLOR

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Matt DeanNEXA Lending · NMLS #277603(512) 615-6142

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Baylor University · Waco, Texas

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BAYLORBAYLOR

Baylor University · Waco, Texas

Compare homes for sale, rentals, financing, neighborhoods, and the cost of renting versus buying near Baylor.

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Campus-Area PropertiesRent-vs-Buy ComparisonLocal Campus-Area Professionals

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EXCLUSIVE REALTOR SPOTYOUR BROKERAGE • YOUR BRAND

MARKET POTENTIAL

✓ 1 Realtor Per Campus✓ Top Search Ranking✓ 100% Direct Contact

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YOUR BAYLOR LOAN OFFICER

Matt DeanNEXA Lending · NMLS #227603(512) 415-6142

Strategy Session Position Details

EXCLUSIVE REALTOR SPOTYOUR BROKERAGE • YOUR BRAND

MARKET POTENTIAL

✓ 1 Per Campus✓ Top AI Rank✓ Direct Contact

BECOME THE EXCLUSIVE REALTOR FOR BAYLOR

Claim exclusive Google & AI search presence presented directly to parents, buyers, sellers, and investors.

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Matt DeanNEXA Lending · NMLS #277603(512) 615-6142

COMPARE FINANCING OPTIONS

Baylor University Property Explorer

Homes for Sale Near Baylor University

Representative buy scenarios within a few miles of Baylor University's campus. Select a situation to view details, or inquire about finding a real property.

Representative Property Examples — Not Active Listings

These are illustrative housing scenarios and estimated price ranges to help you understand the market — not verified inventory, addresses, or listing prices. A local real estate professional can share current, accurate listings near Baylor University.

20 representative Buy examples near Baylor University

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For Sale

0.8 miles from campus

Townhome · Campus Area

2 bd 2 ba 1,200 sqft$198,000

A 2-bedroom townhome with a small patio — a sensible downsized purchase for a family hosting one student. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor helps judge resale, HOA dues, and whether the unit covers the owner's goals.

For Sale

0.8 miles from campus

Townhome · Campus Area

2 bd 2 ba 1,200 sqft$198,000

For Sale

0.8 miles from campus

Small Multifamily · Campus Area

5 bd 3 ba 2,100 sqft$328,000

A larger owner-occupied or full-rental multi-unit scenario where one unit covers the owner and others produce income. Representative purchase-price estimate only — not an active listing or an exact price. House-hack/full-rental math needs a local expert who understands unit mix, local codes, and financing.

For Sale

0.8 miles from campus

Small Multifamily · Campus Area

5 bd 3 ba 2,100 sqft$328,000

For Sale

0.8 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 2,000 sqft$289,000

A 3-bedroom ranch-style house on a larger lot — roomy for a student group with outdoor parking and yard space. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor verifies parking capacity, occupancy limits, and school zoning before purchase.

For Sale

0.8 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 2,000 sqft$289,000

For Sale

0.8 miles from campus

Condo · Campus Area

2 bd 1 ba 950 sqft$158,000

A compact 2-bedroom condo — an affordable entry point into the campus housing market for a single student. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor reviews the condo association, rental order, and resale market before you buy.

For Sale

0.8 miles from campus

Condo · Campus Area

2 bd 1 ba 950 sqft$158,000

For Sale

0.8 miles from campus

Townhome · Campus Area

4 bd 3 ba 1,850 sqft$262,000

A 4-bedroom townhome designed for group living — a common investor layout with strong per-bedroom income potential. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor with group-rental experience helps size realistic income and assess tenant-fit risks.

For Sale

0.8 miles from campus

Townhome · Campus Area

4 bd 3 ba 1,850 sqft$262,000

For Sale

0.9 miles from campus

Single-Family House · Campus Area

5 bd 3 ba 2,600 sqft$355,000

A 5-bedroom house — one of the strongest roommate-income scenarios a parent or investor evaluates. Representative purchase-price estimate only — not an active listing or an exact price. Five-bedroom layouts need careful underwriting on occupancy, parking, and rent split. A Realtor who knows the market helps validate it.

For Sale

0.9 miles from campus

Single-Family House · Campus Area

5 bd 3 ba 2,600 sqft$355,000

For Sale

0.9 miles from campus

Small Multifamily · Campus Area

3 bd 2 ba 1,500 sqft$250,000

A duplex where the owner occupies one side and rents the other — a classic parent or investor approach to offset housing costs. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor helps confirm local occupancy and financing rules for an owner-occupied multifamily purchase.

For Sale

0.9 miles from campus

Small Multifamily · Campus Area

3 bd 2 ba 1,500 sqft$250,000

For Sale

0.9 miles from campus

Condo · Campus Area

1 bd 1 ba 850 sqft$145,000

A 1-bedroom condo — a simple, low-cost option for a single student or a small investor rental. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor verifies rental rules, HOA fees, and whether a single bedroom makes sense for your plan.

For Sale

0.9 miles from campus

Condo · Campus Area

1 bd 1 ba 850 sqft$145,000

For Sale

0.9 miles from campus

Townhome · Campus Area

3 bd 3 ba 1,600 sqft$233,000

A 3-bedroom townhome with a one-to-one bedroom-to-bath ratio — comfortable privacy for a student and roommates. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor checks lease-by-room viability and community rules that shape the rental outcome.

For Sale

0.9 miles from campus

Townhome · Campus Area

3 bd 3 ba 1,600 sqft$233,000

For Sale

0.9 miles from campus

Single-Family House · Campus Area

4 bd 2 ba 2,050 sqft$305,000

A 4-bedroom house in a family neighborhood — attractive to both parent buyers and investors targeting the campus area. Representative purchase-price estimate only — not an active listing or an exact price. A local Realtor balances family resale appeal against rental income for your specific goal.

For Sale

0.9 miles from campus

Single-Family House · Campus Area

4 bd 2 ba 2,050 sqft$305,000

For Sale

2.1 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 1,750 sqft$278,000

A 3-bedroom single-family house in a campus-area subdivision — the classic parent purchase so a student can live with roommates while the family builds equity. Representative purchase-price estimate only — not an active listing or an exact price. A local Realtor verifies which subdivisions actually allow student rentals, checks HOA rules, and prices the home against comparable sales.

For Sale

2.1 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 1,750 sqft$278,000

For Sale

2.1 miles from campus

Condo · Campus Area

2 bd 2 ba 1,100 sqft$189,000

A 2-bedroom condo in a managed community — a low-maintenance lock-and-leave option with HOA-managed exteriors for families who visit on breaks. Representative purchase-price estimate only — not an active listing or an exact price. Condo communities vary in rental restrictions and HOA dues. A Realtor reviews the condo docs before you commit.

For Sale

2.1 miles from campus

Condo · Campus Area

2 bd 2 ba 1,100 sqft$189,000

For Sale

2.1 miles from campus

Townhome · Campus Area

3 bd 3 ba 1,550 sqft$239,000

A 3-bedroom townhome with a roommate-friendly layout — a middle ground between a condo and a detached house for families and small investor portfolios. Representative purchase-price estimate only — not an active listing or an exact price. Townhome communities often cap rentals. A local Realtor identifies which allow the use you have in mind.

For Sale

2.1 miles from campus

Townhome · Campus Area

3 bd 3 ba 1,550 sqft$239,000

For Sale

2.1 miles from campus

Single-Family House · Campus Area

4 bd 3 ba 2,200 sqft$315,000

A 4-bedroom house with room for several roommates — a scenario investors evaluate for student-rental income. Representative purchase-price estimate only — not an active listing or an exact price. Rent-by-room potential depends on layout, parking, and local occupancy rules. A Realtor familiar with the rental market helps underwrite realistic income.

For Sale

2.1 miles from campus

Single-Family House · Campus Area

4 bd 3 ba 2,200 sqft$315,000

For Sale

2.1 miles from campus

Small Multifamily · Campus Area

4 bd 2 ba 1,900 sqft$295,000

A small multifamily unit (duplex or larger) where multiple units generate rental income near campus. Representative purchase-price estimate only — not an active listing or an exact price. Multifamily underwriting, zoning, and financing differ from single-family. A Realtor with investor experience helps evaluate cap rate and expenses.

For Sale

2.1 miles from campus

Small Multifamily · Campus Area

4 bd 2 ba 1,900 sqft$295,000

For Sale

2.1 miles from campus

Condo · Campus Area

2 bd 2 ba 1,050 sqft$172,000

A 2-bedroom condo positioned to serve both student and local professional rental demand, supporting year-round occupancy. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor helps compare communities by rental history, HOA rules, and proximity to local demand.

For Sale

2.1 miles from campus

Condo · Campus Area

2 bd 2 ba 1,050 sqft$172,000

For Sale

2.2 miles from campus

Townhome · Campus Area

3 bd 2 ba 1,450 sqft$226,000

A 3-bedroom townhome in a gated, HOA-managed community — a parent-friendly option where exterior upkeep is handled for you. Representative purchase-price estimate only — not an active listing or an exact price. Gated communities have specific rental and occupancy rules. A Realtor confirms the community fits your ownership plan before you offer.

For Sale

2.2 miles from campus

Townhome · Campus Area

3 bd 2 ba 1,450 sqft$226,000

For Sale

2.2 miles from campus

Single-Family House · Campus Area

4 bd 3 ba 2,400 sqft$342,000

A larger 4-bedroom house with a yard — a premium parent or investor scenario with strong roommate and resale appeal. Representative purchase-price estimate only — not an active listing or an exact price. Larger homes carry higher insurance, maintenance, and yard costs. A Realtor weighs ownership cost against realistic rental and resale value.

For Sale

2.2 miles from campus

Single-Family House · Campus Area

4 bd 3 ba 2,400 sqft$342,000

For Sale

2.2 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 1,650 sqft$264,000

A modest 3-bedroom house on a quiet street — a practical first-time parent purchase or small investor entry into the campus area. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor checks zoning, short-term limits, and whether the floor plan suits a student plus a roommate.

For Sale

2.2 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 1,650 sqft$264,000

For Sale

2.2 miles from campus

Condo · Campus Area

3 bd 2 ba 1,300 sqft$205,000

A 3-bedroom condo configured for shared occupancy — an efficient way to get multiple-roommate income without a whole house. Representative purchase-price estimate only — not an active listing or an exact price. A Realtor confirms the community allows the intended occupancy and reviews fees that affect cash flow.

For Sale

2.2 miles from campus

Condo · Campus Area

3 bd 2 ba 1,300 sqft$205,000

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Campus Area, Representative Example — photo 1

For Sale

For Sale · Townhome

0.8 miles from campus

Waco, TX xxxxx · Campus Area

$198,000 2 bd 2 ba 1,200 sqft

Viewing 1 of 20

Rent vs. Own + Cash-Flow Snapshot

Compare estimated nearby rent with the cost of owning this property. Roommate contributions may offset part of the payment, but all figures require review.

Rent Nearby

$1,900/mo

2 beds × $950/mo

Own This Property

$1,396/mo

Estimated payment @ 7.25%

Monthly Gap

+$504/mo

DSCR: 1.36x

Simple read: Estimated comparable rent is $1,900/mo. The estimated monthly ownership cost is $1,396/mo, creating an estimated difference of $504/mo before appreciation, tax treatment, principal reduction, maintenance changes, vacancies, or rent changes.

Roommate Rent Offset

If the student occupies one bedroom, up to 1 additional bedroom may potentially be used by roommates. At an estimated $950 per occupied roommate bedroom, the projected monthly offset would be approximately $950.

Roommate income is not guaranteed. Lease gaps, turnover, non-payment, occupancy rules, and changing rental conditions may affect actual contributions.

Monthly Ownership Estimate

Estimated monthly costs with local-service review points for each line. Confirm actual financing, taxes, insurance, association charges, utilities, and management costs with qualified professionals.

Purchase Scenario

$198,000

est. price · 25% down ($49,500)

Principal & Interest

30-yr @ 7.25% · loan $148,500

$1,013/mo

Property Tax

~1.2% effective rate on $198,000

$200/mo

Homeowners / Hazard / Flood InsuranceConfirm during review

$2,200/yr estimate · varies by location, coverage, carrier

$183/mo

HOA / Condo DuesConfirm during review

Confirm during review

$0/mo

Property ManagementEducational estimate

~8% of gross rent · leasing, maintenance, rent collection

$152/mo

Internet / Utilities SetupConfirm during review

Student-friendly plan estimate · varies by provider

$80/mo

Move-In / Setup ReserveEducational estimate

Monthly reserve for furniture, storage, move-in costs

$200/mo

Estimated Total Monthly Ownership Cost

$1,828/mo

vs. $1,900/mo estimated rent

Compare Financing Options

Rent Nearby

$1,900/mo

Est. PITIA

$1,396/mo

Est. Diff

+$504/mo

Interest-Only

Request estimate

Comparable Nearby Options

Compare other active Baylor University-area properties from the current result set.

0.9 miles from campus

Townhome · 3 bd / 3 ba · $233,000

Same property type

2.1 miles from campus

Townhome · 3 bd / 3 ba · $239,000

Same property type

2.2 miles from campus

Townhome · 3 bd / 2 ba · $226,000

Same property type

Near campusFinancing reviewCondo / HOALower-maintenance option

Additional Local Services

Property ManagementConfirm during review

Homeowners / Hazard / Flood InsuranceConfirm during review

Moving / StorageConfirm during review

Internet ProviderConfirm during review

Educational estimates only. These figures are not a loan quote, investment advice, tax advice, an appraisal, or a guarantee of rent, approval, occupancy, appreciation, or cash flow. Property-specific figures should be reviewed with qualified real estate, lending, insurance, tax, and property-management professionals.

20 representative Buy examples near Baylor University

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For Sale

0.8 miles from campus

Townhome · Campus Area

2 bd 2 ba 1,200 sqft$198,000

For Sale

0.8 miles from campus

Townhome · Campus Area

2 bd 2 ba 1,200 sqft$198,000

For Sale

0.8 miles from campus

Small Multifamily · Campus Area

5 bd 3 ba 2,100 sqft$328,000

For Sale

0.8 miles from campus

Small Multifamily · Campus Area

5 bd 3 ba 2,100 sqft$328,000

For Sale

0.8 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 2,000 sqft$289,000

For Sale

0.8 miles from campus

Single-Family House · Campus Area

3 bd 2 ba 2,000 sqft$289,000

For Sale

0.8 miles from campus

Condo · Campus Area

2 bd 1 ba 950 sqft$158,000

For Sale

0.8 miles from campus

Condo · Campus Area

2 bd 1 ba 950 sqft$158,000

For Sale

0.8 miles from campus

Townhome · Campus Area

4 bd 3 ba 1,850 sqft$262,000

For Sale

0.8 miles from campus

Townhome · Campus Area

4 bd 3 ba 1,850 sqft$262,000

For Sale

0.9 miles from campus

Single-Family House · Campus Area

5 bd 3 ba 2,600 sqft$355,000

For Sale

0.9 miles from campus

Single-Family House · Campus Area

5 bd 3 ba 2,600 sqft$355,000

For Sale

0.9 miles from campus

Small Multifamily · Campus Area

3 bd 2 ba 1,500 sqft$250,000

For Sale

0.9 miles from campus

Small Multifamily · Campus Area

3 bd 2 ba 1,500 sqft$250,000

For Sale

0.9 miles from campus

Condo · Campus Area

1 bd 1 ba 850 sqft$145,000

For Sale

0.9 miles from campus

Condo · Campus Area

1 bd 1 ba 850 sqft$145,000

Property information, pricing, photographs, and availability may change. Verify current details before making a housing decision. CollegeHousing.ai is an independent housing information platform and is not a brokerage, MLS, property-listing provider, or affiliate of Baylor University.

Parent Rent vs. Buy Calculator

This calculator is a starting point. The decision can change based on resale value, roommate income, mortgage terms, taxes, insurance, property condition, lease timing, and local market demand.

Illustrative starting scenario — adjust any assumption to compare your own situation.

College Market

Search or pick a school to pre-fill local estimates.

Monthly Rent

Years Remaining

yrs

Purchase Price

Down Payment

Interest Rate

Roommate Rent Offset

After Graduation Plan

Educational estimate only. Not financial, tax, legal, mortgage, or real estate advice.

Decision SignalRenting May Be Lower

Renting may be less expensive under these assumptions

Estimated ownership is higher than renting on a monthly basis. Adjust assumptions — including roommate income, purchase price, or down payment — or review with a local advisor to see whether resale or rental-use changes the picture. Rental demand, property management, vacancy, and financing classification matter.

Monthly Diff vs Renting

+$43/mo

Ownership higher after offset

Ownership After Offset

$1,343/mo

Mortgage + tax + ins + maint − offset

Rent Paid Over 4 Yrs

$62,400

$1,300/mo × 4 yrs

Cash to Close

$64,400

Down + closing $64,400

Exit plan: Keep as Rental

Educational estimate only. Not financial, tax, legal, mortgage, or real estate advice. Not a loan approval or commitment to lend. CollegeHousing.ai is independent and not affiliated with or endorsed by any university.

Review Paths

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Choose your next step — each path routes you directly to the right information, tool, or professional.

Explore Homes Near Baylor

Browse for-sale properties in campus-adjacent Waco neighborhoods.

View Properties

Compare Rent vs. Buy

Run a side-by-side ownership and rent scenario for the Baylor area.

Start Comparison

Review Financing Options

Explore parent-buyer, DSCR, and investment-property loan paths.

Check Financing

Speak With a Local Professional

Connect with a Baylor-area real estate, financing, or management professional.

View Professionals

Local Professionals

Baylor Housing Professionals

Independent local professionals serving the Baylor market. CollegeHousing.ai is not a brokerage, lender, property manager, or insurer.

Realtor, financing, property management, and insurance professionals available.

Market Guidance

Baylor Housing Guides

Local guides for parents, investors, and borrowers reviewing housing near Baylor in Waco.

Parent Guide

Renting vs. Buying Near Baylor

A decision matrix comparing four years of Waco rent with ownership — purchase price scenarios, roommate offsets, and after-graduation options.

Investor Guide

Buying a Condo Near Baylor

Evaluate student-rental demand, Waco market pricing, property type, cash flow scenarios, and exit strategy around Baylor University.

Financing Guide

A Parent's Guide to Purchasing Housing Near Baylor

What parents should evaluate when comparing rent, ownership, neighborhood selection, and resale potential near Baylor University in Waco.

Local Guide

Baylor Neighborhood Guide

Baylor Campus Adjacent, Sanger Heights, Mountainview/Woodway, and Robinson/South Waco — a detailed area comparison for parents, investors, and buyers.

Financing Guide

Financing a Campus-Area Property Near Baylor

What borrowers should know when reviewing DSCR, rental income, investor financing, and student-housing properties near Baylor.

Seller Guide

Selling a House Near Baylor

How Waco-area owners can position a property for parent buyers, investor buyers, and local Waco demand near Baylor.

Start Rent vs. Buy Review

View All Baylor Guides

CollegeHousing.ai is an independent platform and is not affiliated with, endorsed by, or sponsored by Baylor University.

Market Data

Baylor University and Waco Housing Data

Public data for evaluating college-area housing decisions near Baylor. Most incoming first-year Baylor students are required to live in university housing; exceptions may apply under Baylor's published exemption policies. Off-campus housing decisions are therefore often most relevant for later undergraduate years, transfer students, exempt students, graduate students, parents planning a longer ownership period, and investors evaluating broader Baylor-area demand. Approximately 65% of undergraduates live off campus or commute — reflecting upper-division, transfer, exempt, and graduate populations. Not investment advice. Confirm current housing policies directly with Baylor Campus Living & Learning.

Last reviewed: July 2026

University Demand

20,824

Total Enrollment

15,213

Undergraduate

5,611

Graduate

4,200+

First-Year Class

90%

Retention Rate

68%

4-Year Grad Rate

65%

Undergrads Off Campus

2,500+

Faculty & Staff

Source: Baylor Common Data Set 2024–2025 · Baylor Institutional Research · Fall 2024

Waco, TX Housing Baseline

$198,100

Median Owner-Occupied Home Value

$1,037/mo

Median Gross Rent

48.4%

Owner-Occupied Rate

$1,537/mo

Median Monthly Owner Cost w/ Mortgage

143,985

Population (Waco)

52,949

Households (Waco)

Source: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · QuickFacts — Waco, TX

$175K–$400K

Typical Price Range

$1,200–$2,800

Monthly Ownership Cost

$750–$1,400

Room Rent Range

1.8%–2.2%

Property Tax Rate

~15,000

Undergrad Enrollment

3-mile

Campus Radius

Decision Framework

What to Evaluate Before Deciding

Each path below highlights the key considerations for parents, investors, sellers, and borrowers reviewing housing near Baylor.

Parent Rent-vs-Buy

• Most first-year students live on campus; off-campus housing is most relevant for upperclassmen, transfers, exempt students, and grad students
• 65% of undergrads live off campus — driven by upper-division, transfer, and exempt populations
• Ownership horizon: typically 2–4 year occupancy window, with rental hold potential after the student moves out
• Roommate rent contributions can offset ownership costs
• Financing classification: second-home or investment-property

Investor Cash Flow

• 65% of all undergraduates live off campus or commute — primarily upper-division, transfer, and exempt student populations driving off-campus housing demand
• Waco rental demand extends beyond students — 2,500+ faculty and staff
• Rent-by-room potential near campus; whole-property leasing also common
• Academic-year leasing: Aug–Jul typical; plan for summer vacancy
• DSCR review: Waco price points may support rent-to-price ratios that warrant review

Seller / Refinance / Hold

• Evaluate current lease status, rental history, and property condition
• Buyer pool: parent buyers, student-rental investors, Waco owner-occupants
• Sell vs hold: compare net sale proceeds with ongoing rental income
• Refinance / cash-out review with licensed loan officer
• List before spring leasing season for maximum buyer visibility

Financing

• Parent-purchase financing: primary residence, second-home, or investment classification
• Second-home classification may apply near primary residence
• DSCR review for rental-property scenarios
• Refinance and cash-out options for existing owners
• Texas property tax, insurance, and HOA review — material line items

Market Fit

What This Market Is Best For

Every college market has a different housing profile. Here is how the Baylor and Waco market breaks down across the three most common campus-area housing decisions.

Parent Rent-vs-Buy

For families evaluating whether purchasing near Baylor deserves review compared with several years of rent. Waco acquisition costs are generally more accessible than many other major-college markets. The analysis should consider purchase price, financing, roommate contributions, total ownership costs, and after-graduation options.

Rent alternative caseFavorable

Campus-proximity valueActive

Resale audienceDiverse pool

Shared off-campus living space — student rental investment analysis near Baylor

Student-Rental Investor

For investors evaluating a campus-area rental near Baylor. The review focuses on achievable market rent, operating expenses, lease timing, property restrictions, vacancy, management, and potential DSCR fit. Demand extends beyond students in the Waco market.

Off-campus rental contextBroad

Potential DSCR reviewFavorable price points

Year-round tenant diversityModerate

Analyze a Baylor-Area Rental

Homeowner reviewing property report — sell, refinance, or hold review near Baylor

Seller / Refinance Decision

For owners of Baylor-area rentals or campus-area homes evaluating whether to sell, refinance, or hold. The review considers income, equity, buyer-pool composition, property condition, and available financing options.

Parent-buyer audienceActive

Investor-buyer interestPresent

Potential listing timingBefore leasing season

Request Property Review

Cost Breakdown

The Ownership Cost Stack Near Baylor

Campus-area ownership is never just the mortgage. Every cost below should be reviewed using actual property data, insurance quotes, tax records, HOA documents, and loan terms.

Sample Monthly Ownership Estimate

Sample Purchase Scenario

Illustrative only — not a quote or offer

$250,000

Sample price · 25% down ($62,500)

Principal & Interest (P&I)— 30-yr · 7.0% · loan $187,500

30-yr · 7.0% · loan $187,500$1,247/mo

Property Tax— Sample ~2.2% effective rate — McLennan County

Sample ~2.2% effective rate — McLennan County$458/mo

Homeowners / Hazard Insurance— Sample $2,400/yr — varies by coverage, location, carrier

Sample $2,400/yr — varies by coverage, location, carrier$200/mo

HOA / Subdivision Dues (if applicable)— Sample — varies by neighborhood; many Waco subdivisions $50–$300/mo

Sample — varies by neighborhood; many Waco subdivisions $50–$300/mo$150/mo

Utilities / Internet— Sample estimate — electric, water, internet

Sample estimate — electric, water, internet$250/mo

Maintenance Reserve— Sample ~1% of home value/yr — roof, HVAC, appliances, repairs

Sample ~1% of home value/yr — roof, HVAC, appliances, repairs$208/mo

Property Management (if rented)— Sample ~8–10% of gross rent — leasing, maintenance, rent collection

Sample ~8–10% of gross rent — leasing, maintenance, rent collection$200/mo

Estimated Total Monthly Payment

Sample — confirm with actual quotes from local providers

$2,713/mo

Check Baylor Financing Options Review Property Management

This is an educational illustration, not a financial projection, lending quote, tax analysis, appraisal, or guarantee. Actual costs vary by property, borrower, location, insurer, HOA, management provider, tax assessment, and loan terms.

NEIGHBORHOODS

Compare Neighborhoods Near Baylor

Compare four campus-area locations by proximity, housing type, buyer fit, and practical considerations before focusing your property search.

View the Full Baylor Neighborhood Guide

Tree-lined residential street near a university campus with well-maintained homes

Walkable to Campus

Baylor / Campus Adjacent

76706 · Walkable to campus

The area directly surrounding Baylor — a mix of student-occupied single-family homes, condos, and small apartment buildings within walking distance of Pat Neff Hall. The most convenient location for parents seeking housing steps from campus.

Housing MixSingle-family homes, condos, and small apartment buildings

Best FitParents and students willing to pay for walk-to-campus convenience and proximity

Watch ForLimited inventory near campus; student-density and noise considerations

Quiet suburban residential neighborhood with established homes and mature trees

Parent-Buyer Fit

Sanger Heights / Sanger Avenue

76706 / 76707 · Short drive to campus

A quiet residential neighborhood just north of campus with established homes, mature trees, and a strong community feel. Attracts parent buyers who want more space and a residential setting within a short commute to Baylor.

Housing MixSingle-family homes with neighborhood character and some renovated properties

Best FitParents seeking a residential, family-oriented neighborhood near campus

Watch ForHomes vary in age and condition; renovation costs should be reviewed

Traditional suburban single-family home with large garden and double garage

Investor / Rental Demand

Mountainview / Woodway

76710 / 76712 · 5–10 minute drive to campus

West of Baylor toward Lake Waco — established residential neighborhoods with larger lots, good schools, and steady rental demand from graduate students, faculty, and young professionals in the Waco area.

Housing MixSingle-family homes on larger lots with suburban character

Best FitInvestors and buyers prioritizing space, schools, and long-term Waco rental demand

Watch ForCommute time during campus events; property management for remote investors

Established suburban neighborhood with single-family homes and wide streets

Value & Space

Robinson / South Waco

76706 / 76701 · Short drive to campus

South of Baylor toward Robinson — more affordable housing options with larger lots and a quieter suburban feel. Popular with buyers who prioritize space per dollar and don't mind a short drive to campus.

Housing MixSingle-family homes with larger lots at more accessible price points

Best FitValue-oriented buyers, families, and investors seeking more square footage

Watch ForFurther from campus nightlife and amenities; verify specific commute routes

Due Diligence

Before You Buy Near Baylor

The ownership decision does not end at closing. These setup steps can materially affect the cost and experience of owning near campus.

Lock in insurance early

Obtain actual homeowners, condo, landlord, liability, and hazard quotes before committing. Texas wind/hail and freeze exposure means premiums vary significantly by property and ZIP code. In the Waco area, combined hazard insurance costs can materially change the monthly ownership estimate.

Confirm HOA and leasing rules

Review rental caps, minimum lease periods, occupancy limits, move-in fees, approval requirements, and room-by-room leasing restrictions. Many Waco subdivisions have fewer restrictions than major-metro condo buildings, but rules vary. Read the covenants and confirm with the HOA board — not the seller — before purchasing.

Check internet availability

Confirm the specific address, provider, speed tier, installation timing, and equipment requirements. Not every address near Baylor has fiber access — AT&T Fiber, Spectrum, and Grande/Astound coverage varies by street. Student tenants require reliable high-speed connectivity — verify before buying.

Plan move-in and furniture logistics

Baylor operates on a semester calendar with fall classes beginning in late August. If the purchase is timed for a summer turnover window (June–July), furniture delivery, storage, and move-in services should be lined up in advance. The student leasing cycle is tight.

Set up utilities and billing

Electricity (Oncor delivery + retail provider), water (City of Waco), gas (Atmos Energy), internet, and trash service should be transferred and active before tenants arrive. Decide whether utilities will be owner-paid with rent adjustment or tenant-paid with setup support.

Create a property-specific maintenance plan

Student-occupied properties see more wear than owner-occupied homes. Plan for roof, HVAC (critical in Texas summers), appliances, plumbing, flooring, paint, pest control, and landscaping. An illustrative maintenance reserve of ~1% of property value per year is a common starting point, but actual costs are property-dependent.

Campus Ownership Setup

Before You Own Near Baylor

These service categories should be reviewed before or immediately after closing. Each provider should be confirmed directly — CollegeHousing.ai routes inquiries but does not employ or guarantee any provider.

Property Management

Professional management handles leasing, tenant screening, rent collection, maintenance coordination, and inspections. For out-of-town parent owners, this is an essential service. Interview managers about Baylor-area experience and confirm fees before signing.

Homeowners / Landlord Insurance

Texas insurance costs are elevated compared to national averages. Get actual quotes for the specific property and intended use — homeowners or landlord/dwelling-fire policy. Flood insurance should be evaluated separately for properties near the Brazos River.

Moving and Storage

Coordinate move-in around Baylor's academic calendar. Summer turnover (June–July) is the busiest window. Storage options near campus can bridge gaps between lease terms. Plan ahead — the student leasing cycle leaves little margin.

Internet Provider

Confirm AT&T Fiber, Spectrum, Grande/Astound, or other provider availability for the specific address. Student tenants consider reliable high-speed internet a basic utility, not a perk. Verify speed tiers, installation windows, and equipment requirements before committing.