The story of this market
The typical home in ZIP 76798 sells for about $274,495, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 76798 — Waco
The housing market in ZIP 76798 shows steady growth, supported by the stable influence of Baylor University and local economic development. While inventory remains tight, the market is experiencing moderate price appreciation consistent with the broader Waco MSA. Demand remains resilient, particularly for properties near the university and downtown core.
This ZIP is well-suited for university-affiliated individuals, families seeking proximity to Waco's urban core, and investors targeting the student rental market.
Median prices moved up 2.1% year over year.
Homes spend a median of 70 days on market with 4.2 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 14.2% — 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 7.3%/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 7.4%/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 76798, McLennan County TX
Not determinable at the ZIP level; regional crime trends in the Waco MSA are generally consistent with mid-sized Texas cities.
Schools serving this area are part of the Waco Independent School District, which maintains a diverse range of academic and extracurricular programs.
The area is subject to standard Texas climate risks, including potential for severe thunderstorms, wind events, and localized flooding in low-lying areas.
Economic momentum is anchored by the presence of Baylor University and ongoing revitalization efforts 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).
Commute times are generally efficient, with primary access to the Waco employment core via local highway corridors.
Residents have access to local parks, the Brazos River waterfront, and the shopping and dining amenities of downtown Waco.
The rental market is influenced by student housing demand from nearby Baylor University, maintaining steady occupancy rates.
The economy is driven by education, healthcare, and a growing tourism sector centered on the downtown district.
The area is served by a network of state highways and local transit options provided by the city.
Ongoing infrastructure improvements are focused on downtown connectivity and utility capacity upgrades.
The McLennan County Appraisal District performs annual market value assessments for all taxable property.
Parcels are subject to Waco ISD, McLennan County, and city tax jurisdictions.
Property insurance premiums are influenced by regional weather patterns and state-wide market conditions.
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 Surf4.38.8 mi
- Camp Fimfo Waco4.54.4 mi
- Hawaiian Falls Waco44.1 mi
- Urban Air Trampoline and Adventure Park4.14.1 mi
- Chuck E. Cheese3.93.8 mi
- McLane Stadium4.70.9 mi
- Camp Fimfo Waco4.54.4 mi
- Waco Convention Center4.50.9 mi
- Extraco Events Center4.43.7 mi
- The Backyard Bar Stage and Grill4.40.4 mi
- Dr Pepper Museum4.40.6 mi
- Cameron Park Zoo4.62 mi
- Silos at Magnolia4.60.5 mi
- Waco Mammoth National Monument4.75.1 mi
- Cinemark Waco and XD4.53.3 mi
- Dr Pepper Museum4.40.6 mi
- Waco Mammoth National Monument4.75.1 mi
- Mayborn Museum Complex4.80.6 mi
- Mount Carmel Center4.28.7 mi
- Texas Ranger Hall of Fame & Museum4.70.7 mi
- Waco Mammoth National Monument4.75.1 mi
- Cameron Park4.83.2 mi
- Woodway Park4.66.7 mi
- Jacob's Ladder4.72.6 mi
- Whitehall Park4.75.7 mi
- Lake Waco Marina & RV Park4.36.4 mi
- Topgolf Waco4.13.4 mi
- Cottonwood Creek Golf Course4.33.6 mi
- Putters: Arcade - Mini Golf - Sports Bar4.40.7 mi
- Bear Ridge Golf Club3.610 mi
- ReadyGolf50.5 mi
- Magnolia Market4.40.5 mi
- Richland Mall4.14.4 mi
- Ross Dress for Less4.23.9 mi
- Homestead Heritage4.88.4 mi
- Spice Village4.60.8 mi
- Waco Regional Airport4.17.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution and cultural hub.
Extensive municipal park system along the Brazos River.
Major regional tourist and retail destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.