The story of this market
The typical home in ZIP 76701 sells for about $314,000, or $170 per square foot.
Prices are down 8.3% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,297 a month.
ZIP 76701 — Waco
The 76701 housing market presents a complex profile with a median home value of $314,000 but significant economic headwinds, including a 42.3% poverty rate and 17.3% vacancy rate. While the price point appears affordable, the underlying demographic data suggests a challenging environment for traditional residential stability. Market metrics for the broader Waco CBSA indicate a cooling trend with declining prices and extended days on market.
This ZIP is primarily for investors or those seeking highly affordable entry-level housing, though buyers should be aware of the significant economic challenges and high vacancy rates in the area.
Median prices moved down 8.3% year over year.
Homes spend a median of 70 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 42.3% — a mixed stability profile.
ZCTA 76701, McLennan County TX
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 area exhibits high vacancy rates of 17.3% and a high poverty rate of 42.3%, which impacts tenant affordability and rent collection.
The local economy is characterized by lower household incomes compared to the broader Waco city and McLennan County averages.
Data sourced from Repit and IncomeByZipCode
- Waco Surf4.39.3 mi
- Camp Fimfo Waco4.53.6 mi
- Hawaiian Falls Waco43.4 mi
- Urban Air Trampoline and Adventure Park4.13.6 mi
- Chuck E. Cheese3.93.4 mi
- McLane Stadium4.71.4 mi
- Camp Fimfo Waco4.53.6 mi
- Waco Convention Center4.50.8 mi
- Extraco Events Center4.43 mi
- The Backyard Bar Stage and Grill4.40.5 mi
- Dr Pepper Museum4.40.6 mi
- Cameron Park Zoo4.61.3 mi
- Silos at Magnolia4.60.5 mi
- Waco Mammoth National Monument4.74.4 mi
- Cinemark Waco and XD4.53.3 mi
- Dr Pepper Museum4.40.6 mi
- Waco Mammoth National Monument4.74.4 mi
- Mayborn Museum Complex4.81.4 mi
- Mount Carmel Center4.29.4 mi
- Texas Ranger Hall of Fame & Museum4.71.2 mi
- Waco Mammoth National Monument4.74.4 mi
- Cameron Park4.82.4 mi
- Woodway Park4.66 mi
- Jacob's Ladder4.71.9 mi
- Whitehall Park4.75.1 mi
- Lake Waco Marina & RV Park4.35.6 mi
- Topgolf Waco4.13.4 mi
- Cottonwood Creek Golf Course4.33.4 mi
- Putters: Arcade - Mini Golf - Sports Bar4.40.8 mi
- Bear Ridge Golf Club3.69.4 mi
- ReadyGolf51.4 mi
- Magnolia Market4.40.5 mi
- Richland Mall4.13.9 mi
- Ross Dress for Less4.23.9 mi
- Homestead Heritage4.88 mi
- Spice Village4.60.8 mi
- Waco Regional Airport4.16.7 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.