The story of this market
The typical home in ZIP 76712 sells for about $305,950, 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 $1,400 a month.
ZIP 76712 — Waco
The 76712 housing market is currently experiencing a period of price stabilization following a cooling trend in the broader Waco metro area. While year-over-year prices have softened, the area remains a desirable destination for families due to its strong school district and suburban amenities. Inventory levels are balanced, suggesting a healthy market for both buyers and sellers.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to top-rated schools, larger lot sizes, and a quieter environment compared to central Waco.
Median prices moved down 5.9% year over year.
Homes spend a median of 65 days on market with 4.1 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.5% — 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 5.1%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 76712, McLennan County TX
Crime rates in the 76712 area are generally lower than the Waco city average, reflecting its suburban character and residential focus.
The area is primarily served by the Midway Independent School District, which is highly regarded regionally for its academic performance and extracurricular programs.
The region is subject to standard Texas climate risks, including severe thunderstorms, occasional hail, and high summer heat; flood risk is localized to specific drainage basins.
Economic momentum is driven by the expansion of the Waco medical corridor and proximity to major employers like Baylor University and the growing industrial base in the greater Waco area.
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, with easy access to Highway 84 and Loop 340 providing direct routes to downtown Waco and major employment hubs.
The area features proximity to Lake Waco for water recreation, several community parks, and established golf courses, alongside convenient retail shopping along the Highway 84 corridor.
The rental market is characterized by steady demand from families and professionals, with a mix of single-family home rentals and suburban apartment complexes.
The economy is anchored by education, healthcare, and manufacturing, with significant employment provided by Baylor University, Providence Health Center, and local industrial parks.
Transportation is dominated by private vehicle use, with the area served by a network of arterial roads connecting to the broader Waco metropolitan transit system.
Development is focused on residential infill and expansion of commercial retail centers along the primary highway corridors.
The McLennan County Appraisal District conducts annual property valuations based on market data and physical inspections.
Parcels are subject to Midway ISD taxes and various municipal utility district assessments where applicable.
Property insurance premiums have trended upward due to regional weather-related claims, particularly wind and hail damage.
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 Surf4.317.8 mi
- Camp Fimfo Waco4.57.8 mi
- Hawaiian Falls Waco48.3 mi
- Urban Air Trampoline and Adventure Park4.16.2 mi
- Chuck E. Cheese3.96.4 mi
- McLane Stadium4.710.2 mi
- Camp Fimfo Waco4.57.8 mi
- Waco Convention Center4.59.5 mi
- Extraco Events Center4.45.9 mi
- The Backyard Bar Stage and Grill4.49.3 mi
- Dr Pepper Museum4.49.4 mi
- Cameron Park Zoo4.68.7 mi
- Silos at Magnolia4.69.4 mi
- Waco Mammoth National Monument4.78.2 mi
- Cinemark Waco and XD4.58.3 mi
- Dr Pepper Museum4.49.4 mi
- Waco Mammoth National Monument4.78.2 mi
- Mayborn Museum Complex4.810.2 mi
- Mount Carmel Center4.218.1 mi
- Texas Ranger Hall of Fame & Museum4.710 mi
- Waco Mammoth National Monument4.78.2 mi
- Cameron Park4.88.4 mi
- Tonkawa Falls City Park4.48.5 mi
- Woodway Park4.63.2 mi
- Jacob's Ladder4.78.6 mi
- Lake Waco Marina & RV Park4.33.3 mi
- Topgolf Waco4.18.3 mi
- Cottonwood Creek Golf Course4.37.6 mi
- Putters: Arcade - Mini Golf - Sports Bar4.49.6 mi
- Bear Ridge Golf Club3.63.4 mi
- ReadyGolf510.1 mi
- Magnolia Market4.49.4 mi
- Richland Mall4.15.9 mi
- Ross Dress for Less4.28.1 mi
- Spice Village4.69.5 mi
- Homestead Heritage4.812.1 mi
- Waco Regional Airport4.16.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional reservoir offering boating, fishing, and parks.
Significant local venue for high school athletics.
Community green space with trails and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.