The story of this market
The typical home in ZIP 76711 sells for about $143,000, or $178 per square foot.
Prices are down 5.9% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 76711 — Waco
The 76711 housing market is currently experiencing a period of price correction with a 5.9% year-over-year decline in listing prices. Elevated vacancy rates of 10.1% and a balanced inventory level suggest that demand is currently soft, making it a challenging environment for outside investors. Market activity remains driven by local operators who are navigating a lower-cost entry point compared to the broader Waco metropolitan area.
This ZIP is primarily suited for local investors and budget-conscious buyers who possess deep knowledge of the local market, as the lower entry price point reflects specific localized risks.
Median prices moved down 5.9% year over year.
Homes spend a median of 65 days on market with 5.4 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 97.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 19.5% — a mixed stability 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 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 76711, McLennan County TX
The area is characterized as a local-operator market with significant reliance on regional economic drivers in Waco, including education and healthcare sectors.
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).
Residents primarily rely on personal vehicles for commuting to employment centers in central Waco via local highway corridors.
The area provides access to local parks and community facilities within the broader Waco metropolitan amenity base.
The rental market shows elevated vacancy pressure at approximately 10.1%, suggesting a softer demand environment for investors.
The economy is anchored by the Waco metropolitan area, with major employment sectors including education (Baylor University), healthcare, and manufacturing.
The area is served by a network of regional highways connecting to the Waco urban core.
The McLennan County Appraisal District manages property assessments for the area.
Parcels are subject to school district taxes and potential municipal utility district assessments.
Property insurance premiums in the region are influenced by Texas-wide wind and hail risk factors.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Waco Surf4.311.4 mi
- Camp Fimfo Waco4.55.7 mi
- Hawaiian Falls Waco45.6 mi
- Urban Air Trampoline and Adventure Park4.11.9 mi
- Chuck E. Cheese3.91.6 mi
- McLane Stadium4.73.7 mi
- Camp Fimfo Waco4.55.7 mi
- Waco Convention Center4.53.4 mi
- Extraco Events Center4.42.6 mi
- The Backyard Bar Stage and Grill4.42.8 mi
- Dr Pepper Museum4.43.1 mi
- Cameron Park Zoo4.63.9 mi
- Silos at Magnolia4.63 mi
- Waco Mammoth National Monument4.76.6 mi
- Cinemark Waco and XD4.50.7 mi
- Dr Pepper Museum4.43.1 mi
- Waco Mammoth National Monument4.76.6 mi
- Mayborn Museum Complex4.83.4 mi
- Mount Carmel Center4.211.2 mi
- Texas Ranger Hall of Fame & Museum4.73.5 mi
- Waco Mammoth National Monument4.76.6 mi
- Cameron Park4.84.8 mi
- Woodway Park4.64.8 mi
- Jacob's Ladder4.74.4 mi
- Whitehall Park4.73.4 mi
- Lake Waco Marina & RV Park4.35.5 mi
- Topgolf Waco4.10.7 mi
- Cottonwood Creek Golf Course4.30.8 mi
- Putters: Arcade - Mini Golf - Sports Bar4.43.4 mi
- Bear Ridge Golf Club3.67.7 mi
- ReadyGolf52.9 mi
- Magnolia Market4.43 mi
- Richland Mall4.12.2 mi
- Ross Dress for Less4.21.1 mi
- Homestead Heritage4.810.6 mi
- Spice Village4.63.3 mi
- Waco Regional Airport4.18.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides trails and outdoor recreation space serving the northern Waco area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.