Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$250,105+0.4% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$54,218About 0.8× the local median income ($67,191): affordable for a typical household
Days on market79 daysFaster than a year ago: sellers have the edge
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Waco, TX is worth $250,105, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $229,356, so the area is 9.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 3% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $54,218 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,191. Typical rent is $1,419 a month, or $1,702 for a house. In the latest IRS figures, 739 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$250,105
Change in 1 year
+0.4%
Overvalued %
+9.0%
Show 7 more
Fair home value
$229,356
Change in 5 years
+16.4%
Zillow forecast, next 12 months
+0.2%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,355
Income needed to afford it
$54,218
Property tax rate
1.36%
Rent and investing
Typical rent
$1,419
Typical rent for houses
$1,702
Price-to-rent ratio
14.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,263
Gross rental yield
6.81%
Cap rate (estimate)
4.43%
Market activity
Listings vs a year ago
+3.2%
Days on market
79
Listings with a price cut
19.1%
Show 3 more
Homes for sale
1,659
Pending sales per 100 listings
22
Asking price per sq ft
$178
People and jobs
Median household income
$67,191
Population change (1 year)
+0.6%
Unemployment rate
4.5%
Show 4 more
Population
308,807
Income adjusted for cost of living
$72,639
Net moves in (IRS)
+739
Cost of living (US = 100)
92.5
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
84.1
Unhealthy air days a year
3
Show 4 more
Flood risk score
82.2
Wildfire risk score
87.6
Walkability (1 to 20)
6.7
Road, rail and air noise
53 dB
Questions people ask
Is Waco, TX overvalued?
Home prices in Waco, TX are slightly above what local incomes have historically supported: fair value is about $229,356, so the area is 9.0% overvalued.
Is Waco, TX a buyer's or seller's market?
Waco, TX is a balanced market, leaning toward buyers: homes take about 79 days to sell, listings are up 3% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Waco, TX?
Home values in Waco, TX are up 0.4% over the last year. Zillow's forecast for the next 12 months is +0.2%.
How much do you need to earn to buy a home in Waco, TX?
A household needs about $54,218 a year to afford the typical home in Waco, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,191.