Franklin Ave / S 5th St median real estate price is $81,321, which is less expensive than 83.7% of Texas neighborhoods and 90.2% of all U.S. neighborhoods.
The average rental price in Franklin Ave / S 5th St is currently $1,202, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 69.1% of the neighborhoods in Texas.
Franklin Ave / S 5th St is a suburban neighborhood (based on population density) located in Waco, Texas.
Franklin Ave / S 5th St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Franklin Ave / S 5th St neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Franklin Ave / S 5th St. The current real estate vacancy rate here is 33.1%. This is higher than the rate of vacancies in 95.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.