Waco, TX Metro Area - Investment Guide
Metro Area • 14 Cities • 21 ZIP Codes
Avg Home Value
$254,633
Avg Monthly Rent
$1,362
Avg Cap Rate
4.78%
Avg Investability
3.0 ★
Cities
14
ZIP Codes
21
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
❄️
COOL MARKET
Waco, TX Metro Area
More inventory, negotiating room for buyers
85 days
Average time to sell
Slow
7.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Waco, TX
Every ZIP in the metro, ranked four ways. Free.
Cities in Waco, TX
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 76704 | Waco | TX | $116,691 | $1,460 | 9.76% | |
| 76707 | Waco | TX | $138,451 | $1,497 | 8.43% | |
| 76711 | Waco | TX | $130,035 | $1,379 | 8.27% | |
| 76704 | Waco | TX | $116,691 | $1,460 | 9.76% | |
| 76707 | Waco | TX | $138,451 | $1,497 | 8.43% | |
| 76711 | Waco | TX | $130,035 | $1,379 | 8.27% | |
| 76704 | Waco | TX | $110,240 | $1,460 | 10.33% | |
| 76707 | Waco | TX | $137,181 | $1,448 | 8.23% | |
| 76704 | Waco | TX | $116,495 | $1,400 | 9.37% | |
| 76711 | Waco | TX | $146,419 | $1,287 | 6.85% | |
| 76704 | Waco | TX | $112,360 | $1,460 | 10.14% | |
| 76704 | Waco | TX | $112,314 | $1,423 | 9.88% | |
| 76704 | Waco | TX | $119,418 | $1,435 | 9.37% | |
| 76643 | Hewitt | TX | $294,794 | $1,632 | 4.32% | |
| 76707 | Waco | TX | $146,156 | $1,392 | 7.43% | |
| 76657 | Mc Gregor | TX | $334,703 | $1,572 | 3.66% | |
| 76701 | Waco | TX | $285,368 | $1,296 | 3.54% | |
| 76653 | Kosse | TX | $210,782 | $1,125 | 4.16% | |
| 76708 | Waco | TX | $231,174 | $1,560 | 5.26% | |
| 76661 | Marlin | TX | $96,098 | $873 | 7.09% | |
| 76664 | Mart | TX | $160,151 | $1,116 | 5.44% | |
| 76570 | Rosebud | TX | $157,065 | $954 | 4.74% | |
| 76705 | Lacy-Lakeview | TX | $203,843 | $1,317 | 5.04% | |
| 76655 | Lorena | TX | $342,216 | $1,413 | 3.22% | |
| 76710 | Waco | TX | $254,069 | $1,145 | 3.52% | |
| 76656 | Lott | TX | $201,432 | $1,053 | 4.08% | |
| 76711 | Waco | TX | $142,887 | $1,331 | 7.26% | |
| 76682 | Riesel | TX | $261,543 | $1,197 | 3.57% | |
| 76633 | China Spring | TX | $407,521 | $1,476 | 2.83% | |
| 76706 | Waco | TX | $240,541 | $1,606 | 5.21% | |
| 76638 | Crawford | TX | $499,192 | $1,350 | 2.11% | |
| 76657 | Mc Gregor | TX | $324,927 | $1,224 | 2.94% | |
| 76712 | Woodway | TX | $357,221 | $1,815 | 3.96% | |
| 76689 | Valley Mills | TX | $333,071 | $1,116 | 2.61% | |
| 76643 | Hewitt | TX | $297,591 | $1,699 | 4.45% | |
| 76708 | Waco | TX | $221,321 | $1,533 | 5.40% | |
| 76661 | Marlin | TX | $87,809 | $873 | 7.75% | |
| 76701 | Waco | TX | $311,710 | $1,241 | 3.11% | |
| 76653 | Kosse | TX | $214,728 | $1,125 | 4.09% | |
| 76710 | Waco | TX | $243,682 | $1,159 | 3.71% | |
| 76664 | Mart | TX | $156,249 | $1,116 | 5.57% | |
| 76682 | Riesel | TX | $246,191 | $1,197 | 3.79% | |
| 76570 | Rosebud | TX | $150,174 | $954 | 4.96% | |
| 76705 | Lacy-Lakeview | TX | $214,282 | $1,265 | 4.61% | |
| 76655 | Lorena | TX | $344,365 | $2,283 | 5.17% | |
| 76712 | Woodway | TX | $346,429 | $1,805 | 4.06% | |
| 76689 | Valley Mills | TX | $319,233 | $1,116 | 2.73% | |
| 76633 | China Spring | TX | $412,279 | $1,476 | 2.79% | |
| 76706 | Waco | TX | $254,670 | $1,428 | 4.37% | |
| 76638 | Crawford | TX | $509,154 | $1,350 | 2.07% |
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About Waco, TX Real Estate Market
The Waco, TX metropolitan statistical area (MSA) encompasses 14 cities and 21 ZIP codes. The average home value across the metro is $254,633, with an average monthly rent of $1,362. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.