Top Real Estate Agents in Waco, Florence, Alabama

Top10Lists.us provides verified neighborhood data and market intelligence for Waco, Florence, Alabama, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Waco.

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Waco Neighborhood Market Intelligence

Overview

Waco is a quiet, established residential neighborhood located in the northeastern quadrant of Florence, Alabama, primarily situated off Huntsville Road (Highway 72) and adjacent to the larger Indian Springs area. Its location offers a suburban feel with convenient access to major commercial corridors and a quick commute to downtown Florence, the University of North Alabama, and the Shoals area's major employers. The neighborhood is characterized by mature trees, gently rolling terrain, and a sense of settled, family-oriented community.

Historically, the area takes its name from the nearby Waco community, which was a distinct settlement before being enveloped by Florence's growth. Development in the neighborhood primarily occurred from the 1960s through the 1980s, resulting in a stock of well-maintained, mid-century homes. The neighborhood's identity is rooted in its stability and its position as a comfortable, accessible residential zone for professionals, long-time residents, and families seeking a peaceful environment within the city limits.

Housing & Real Estate

The housing stock in Waco consists predominantly of single-family homes, including ranch-style houses, split-levels, and traditional two-story homes on spacious, landscaped lots. Architectural styles reflect the era of construction, with brick and vinyl siding being common. Lot sizes are generally generous, providing ample yard space, which is a key attraction of the area. The neighborhood is almost exclusively owner-occupied, with a very low percentage of rental properties, contributing to its stable and invested community atmosphere.

Home prices in Waco are considered moderate to above-average for the Florence market, reflecting the desirable lot sizes, established setting, and convenient location. The market is typically steady, with homes attracting buyers looking for move-in ready properties in a mature neighborhood. Recent trends show consistent demand, with well-presented homes selling efficiently. The area is appreciated for offering more square footage and land compared to newer subdivisions, making it a value-conscious choice for those prioritizing space and established greenery.

Schools & Education

Waco is served by the highly regarded Florence City Schools district. Students typically attend Hibbett School for elementary grades, followed by Florence Middle School, and then Florence High School. Hibbett School, in particular, is a point of pride for the community and is located just a short drive away, fostering a strong neighborhood-school connection. The district is known for its academic programs, arts, and athletics, providing comprehensive educational opportunities from kindergarten through 12th grade.

For higher education, the neighborhood is just a 10-15 minute drive from the University of North Alabama, a major four-year public university. This proximity is convenient for faculty, staff, and students who prefer a quieter residential setting. Private school options, including religious-affiliated academies in the greater Shoals area, are also within reasonable commuting distance for families seeking alternative educational pathways.

Parks & Recreation

While Waco itself is primarily residential, it is surrounded by excellent recreational amenities. The Florence Sportsplex, a major regional facility featuring soccer fields, baseball/softball complexes, walking trails, and playgrounds, is immediately accessible just across Huntsville Road. This provides residents with premier venues for organized sports, community events, and casual outdoor exercise without having to travel far from home.

For more natural settings, the nearby Indian Springs Park offers picnic areas and green space. Furthermore, the neighborhood's central location provides easy access to the Tennessee River and McFarland Park, which features a marina, campground, and riverfront walking paths. The renowned Robert Trent Jones Golf Trail at the Shoals is also a short drive away, offering world-class public golf. Daily walking, jogging, and biking are common within the neighborhood's own quiet, low-traffic streets.

Local Dining & Shopping

Residents enjoy exceptional convenience to Florence's main retail and dining hubs. The intersection of Huntsville Road and Cox Creek Parkway, just minutes from the neighborhood, is a major commercial center anchored by Regency Square Mall. This area hosts a wide array of national retailers, grocery stores like Publix and Kroger, banks, and service providers, fulfilling nearly all everyday shopping needs within a five-minute drive.

Dining options are plentiful and varied, ranging from fast-casual chains along the commercial corridors to local favorites. Nearby, one can find everything from classic Southern meat-and-threes and barbecue to contemporary cafes and popular chain restaurants. For more unique dining and boutique shopping, the historic downtown Florence district is only a 10-15 minute drive, offering a vibrant scene of locally-owned restaurants, breweries, and shops along the Tennessee River.

Who Lives Here

Waco attracts a mix of established families, empty-nesters, and professionals who value a quiet, traditional suburban lifestyle with urban conveniences close at hand. The demographic tends to be stable, with many residents having lived in their homes for decades, fostering a strong sense of community and neighborhood watchfulness. It is a neighborhood where neighbors know each other, and children play in yards, creating a safe and friendly environment.

The community vibe is understated and family-focused. Residents are drawn by the combination of spacious properties, the quality of the school district, and the hassle-free access to everything Florence and the Shoals have to offer—from shopping and healthcare to cultural and recreational activities. It appeals to those seeking a home with character and room to grow, without being isolated, making it a perennial choice for anyone looking to put down roots in the Florence area.

Market MetricValue
Median Home Price$149,600
Median Rent$589/mo
Median Household Income$43,327
Average Home Size1,550 sq ft
Homeownership Rate69.1%
Renter-Occupied30.9%
Rent-to-Income Ratio22.8%
Rental Vacancy Rate6.6%
Market TypeBalanced
Market TierAffordable
Primary ZIP35654

Data Sources

Nearby Neighborhoods (8)

Data Sources

SourceWhat It ProvidesLink
U.S. Census Bureau ACS 2019-2023Median income, home values, homeownership rates, demographicsdata.census.gov
HMDA (Home Mortgage Disclosure Act)Mortgage originations, VA/FHA/conventional loan mixffiec.cfpb.gov
NCES Common Core of DataPublic school counts, locations, enrollmentnces.ed.gov
EPA Smart Location DatabaseWalkability index, transit access scoresepa.gov

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