The story of this market
The typical home in Waco, Texas sells for about $282,500, or $155 per square foot.
Prices are up +7.5% from a year ago, so sellers still have some momentum. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,375 a month.
Monthly price momentum
Home values since 2015
+1.1%
TX · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Waco, Texas
The Waco housing market is currently experiencing a period of stabilization, characterized by moderate price growth and a steady pace of sales. While inventory levels have increased, the city's diversified economy and ongoing downtown revitalization continue to support long-term demand. Investors should note the softening in the rental sector due to new supply, though overall market fundamentals remain resilient.
No ARED county foreclosure postings attributed to Waco yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 13 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 3.4% year over year.
Homes spend a median of 70 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 2.05% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 21.2% — a stable, low-distress profile.
- Waco Surf4.38.6 mi
- Camp Fimfo Waco4.53.7 mi
- Hawaiian Falls Waco43.3 mi
- Urban Air Trampoline and Adventure Park4.14.3 mi
- Chuck E. Cheese3.94 mi
- McLane Stadium4.70.8 mi
- Camp Fimfo Waco4.53.7 mi
- Waco Convention Center4.50.2 mi
- Extraco Events Center4.43.6 mi
- The Backyard Bar Stage and Grill4.40.5 mi
- Dr Pepper Museum4.40.2 mi
- Cameron Park Zoo4.61.3 mi
- Silos at Magnolia4.60.3 mi
- Waco Mammoth National Monument4.74.4 mi
- Cinemark Waco and XD4.53.9 mi
- Dr Pepper Museum4.40.2 mi
- Waco Mammoth National Monument4.74.4 mi
- Mayborn Museum Complex4.80.9 mi
- Mount Carmel Center4.28.7 mi
- Texas Ranger Hall of Fame & Museum4.70.6 mi
- Waco Mammoth National Monument4.74.4 mi
- Cameron Park4.82.4 mi
- Woodway Park4.66.6 mi
- Jacob's Ladder4.71.8 mi
- Whitehall Park4.75.8 mi
- Lake Waco Marina & RV Park4.36.2 mi
- Topgolf Waco4.13.9 mi
- Cottonwood Creek Golf Course4.34 mi
- Putters: Arcade - Mini Golf - Sports Bar4.40.2 mi
- Bear Ridge Golf Club3.610.1 mi
- Battle Lake Golf Course4.213.7 mi
- Magnolia Market4.40.3 mi
- Richland Mall4.14.6 mi
- Ross Dress for Less4.24.4 mi
- Homestead Heritage4.87.7 mi
- Spice Village4.60.1 mi
- Waco Regional Airport4.16.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
One of the largest municipal parks in Texas, featuring extensive hiking trails, river access, and the Cameron Park Zoo.
A major retail and tourism destination that has significantly boosted Waco's profile and downtown foot traffic.
A large reservoir providing essential water supply and recreational activities including boating, fishing, and camping.
A historic landmark celebrating the origins of the famous soft drink, serving as a key cultural attraction in downtown Waco.
Waco is well-suited for families seeking an affordable cost of living, as well as investors attracted by the city's steady population growth and diversified economic base. The area also appeals to students and faculty associated with Baylor University, creating consistent demand for both rental and entry-level housing.
The city is primarily served by Waco ISD, which faces ongoing challenges in academic performance and resource allocation. Several magnet and specialized programs are available to provide alternative educational pathways for students.
The city is served by major highway corridors including I-35, which facilitates regional connectivity. Public transit options are limited, and the city remains largely car-dependent for daily commuting.
Waco offers a robust amenity base centered around the Brazos River and Lake Waco, providing extensive opportunities for boating, fishing, and hiking. The city is also home to the iconic Magnolia Market at the Silos and the Cameron Park Zoo, which serve as major regional attractions.
The rental market in Waco has seen moderate softening due to a significant influx of new multifamily supply, leading to a vacancy rate of approximately 9.1%. Despite this, asking rents have maintained a modest year-over-year growth trajectory of 2.7%.
Waco's economy is driven by a mix of higher education, healthcare, and manufacturing. Baylor University serves as a primary economic anchor, while ongoing downtown revitalization efforts continue to attract new retail and hospitality investment.
Waco's economy is anchored by education, healthcare, and manufacturing, with significant momentum driven by downtown revitalization and tourism. Major employers include Baylor University and various regional medical centers.
Development activity is currently focused on downtown mixed-use projects and the expansion of regional medical facilities. The city is also managing a significant pipeline of new multifamily units to accommodate population growth.
Parcels in Waco are subject to various special districts, including school districts, hospital districts, and potential MUDs in newer suburban developments. These districts levy additional property taxes to fund specific public services.
Waco experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement continues to focus on community-based policing initiatives to address these trends.
Waco is situated in a region prone to severe weather, including thunderstorms and occasional flooding near the Brazos River. Property owners are encouraged to maintain adequate insurance coverage, particularly for wind and hail damage.
Property insurance premiums in the region are influenced by exposure to severe weather events, including wind and hail. Market health remains stable, though insurers are increasingly sensitive to climate-related risks.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent city-level estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.