The story of this market
The typical home in ZIP 76656 sells for about $213,367, or $118 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,082 a month.
ZIP 76656 — Lott
The market in 76656 is characterized by low transaction volume and a small-town inventory base. Current data reflects a stable pricing environment with limited new development activity. Several metrics, including specific school ratings and detailed permit data, are not currently published for this ZIP code.
This area is primarily suited for those seeking a quiet, small-town lifestyle in Central Texas with a lower cost of entry compared to nearby urban centers.
Median prices moved up 4.2% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 16.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 76656, Falls County TX
The area is characterized by a trades-oriented workforce and a significant Social Security-dependent population.
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).
The mean commute time for residents is approximately 39.3 minutes.
The area offers a serene, small-town living environment in Central Texas.
The rental market is characterized by limited inventory with an average public housing rent of $1,082.
The local economy is primarily driven by small-town services and agricultural support in the surrounding Falls County region.
Data retrieved from data.census.gov ZCTA 76656 profile.
- Topgolf Waco4.119.6 mi
- Robinson Family Farm | Pumpkin Patch, Easter & Events in Central Texas4.417.8 mi
- Moon River Ranch4.88.5 mi
- Frank W. Mayborn Civic & Convention Center4.516.9 mi
- Oscar Store4.716.7 mi
- Kissing Tree Vineyards3.94.4 mi
- Temple Railroad & Heritage Museum4.618.6 mi
- Temple Children's Museum4.518.2 mi
- Czech Heritage Museum and Genealogy Center4.618.1 mi
- Ascent Travel Center411.7 mi
- Waco Regional Airport4.128.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.