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Baylor University in Waco Texas

Waco Real Estate

Welcome to the College Real Estate Page for Baylor University in Waco, Texas. Many parents ponder whether they should buy or rent while their students attend college. For some the answer is to buy and for others the answer is to rent. College Real Estate hopes to help you find which is the right answer for you. Another great tool in helping you decide is our College Real Estate guide book that walks you through the entire process of buying student property. We hope you find this site useful and welcome any and all feed back. If you would like to be connected with a College Real Estate's exclusive Realtor in Waco, Texas please visit our buying page. If you have decided that buying student housing is not the right answer for you and would like to be connected with a leasing specialist please visit our leasing page.

Baylor University – Waco, Texas

Pro Ecclesia, Pro Texana – Baylor’s motto, is Latin for “For Church, For Texas”. Baylor University is the largest Baptist university in the world with nearly 14,000 students. Founded in 1845, it’s also the oldest university in Texas operating under its original name.

Baylor 2012

In 2000, the university sought to expand its vision of a scholarly institution with a strong sense of Christianity. Baylor, under then-President Robert Sloan Jr., created a written statement to detail the exact goals of this vision. This statement was appropriately titled, Baylor 2012, the year by which the school hopes to achieve its aims. The university intends to "enter the top tier of American universities while reaffirming and deepening its distinctive Christian mission." It was presented in September 2001, and approved by the Board of Regents shortly afterwards. The Vision is based upon twelve key imperatives designed to create a more fulfilling educational experience in a unique Christian environment. The twelve imperatives are:

1. Establish an environment where learning can flourish

2. Create a truly residential campus

3. Develop a world-class faculty

4. Attract and support a top-tier student body

5. Initiate outstanding new academic programs in selected areas

6. Guide all Baylor students, through academic and student life programming, to understand life as a stewardship and work as a vocation

7. Provide outstanding academic facilities

8. Construct useful and aesthetically pleasing physical spaces

9. Enhance involvement of the entire Baylor family

10. Build with integrity a winning athletic tradition in all sports

11. Emphasize global education

12. Achieve a two-billion dollar endowment

Baylor 2012 has encountered opposition since its inception. Some allege that the Vision led to a polarization of faculty opinion that culminated in the resignation of President Robert Sloan Jr. in June 2005 (it should be noted that Baylor's Faculty Senate has unanimously endorsed Vision 2012 each time it has come before it). Opponents argue that the Vision will limit academic freedom and hinder intellectual growth due to an excessive focus on Christian interpretation. Others predict that rising tuition costs needed to implement the Vision will reduce enrollment and render many middle-class families unable to afford a Baylor education.

However, Baylor's administration has countered that increased tuition costs are comparable to those of other private universities and that preserving and strengthening Christian values at the university is of paramount importance. As of February 2007, the university has received a record number of applications from both freshmen and transfer students.

Baylor Bears can expect to pay $22,220 per year for tuition and about $7,238 per year for average room and board.

How’s the Waco real estate market?

The areas surrounding Baylor campus are Oakwood, Alta Vista, University, Austin Ave, Brazos, Brook Oaks, and East Riverside across the river. There are many Baylor houses for sale generally under 250K that would make great student properties. These areas have all seen steady appreciation since 2001. With a record number of applicants to Baylor now as well, these areas are in high demand, providing a great opportunity for the potential buyer. These Waco homes are seeing a 5 yr. appreciation between 11-14% depending on the area you’re looking for.

Waco Apartments

You’ll need to start looking for your apartment at least 60 days prior to your move-in to secure the right place and the right price for your budget. There are many to choose from, but often the places nearest to campus fill up quickly. If you’re late or in a bind, check across the river, where there are some efficiencies and some garage-style apartments that you could find for a bargain. It’s worth it to scourge the neighborhoods looking for the “for rent” signs further from campus to look for bargains as well. As always, we recommend finding a Waco area apartment locator service to help you find the place that you really want.

One bedroom apartments in Waco currently rent for $ 515 to $ 756 per month. Waco renters report average rents are up $9 per month compared to the previous 12 months.

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