Real Estate Investing in Waco, Texas (76707)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76707 (Waco, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.0% of homes vacant — above national norms.
- Elevated poverty: 31.2% poverty rate — can affect rent collection.
- Lower household income: $33,964 median — tenant affordability is tighter.
What’s happening in Waco, TX (76707)?
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Market Analysis: 76707 Waco
Investors eyeing 76707 need to respect the fundamentals at play. Home values of $141K come alongside slower price movement and elevated management overhead.
Rent of $1,363/mo on a $141K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 76707 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 76707 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 76707 includes headwinds that any investor should price in. Income distribution skews lower than Waco averages, and tenant stability requires active management.
Strategy in 76707 is an operator game, not a passive one. On balance, entry prices of $141K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Waco:
Property Strategy for 76707
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $95,133 | $1,000 | 7.6% | +3.7% | $95,133 |
| 2BR | $120,384 | $1,240 | 7.4% | +7.2% | $60,192 |
| 3BR | $147,460 | $1,600 | 7.8% | +5.5% | $49,153 |
| 4BR | $210,362 | $1,650 | 5.6% | +5.3% | $52,590 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76707 Compare?
| Metric | 76707 | Waco | Waco, TX | Texas |
|---|---|---|---|---|
| Home Value | $141,257 | $120,642 | N/A | $297,000 |
| 5-Year CAGR | 2.7% | 4.2% | N/A | 5.4% |
| Avg Rent | $1,363 | $1,382 | N/A | - |
| Cap Rate | 7.5% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76707 (Waco, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,257 |
| Monthly Rent | $1,363 |
| Price-to-Rent | 8.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.6% |
| Cap Rate | 7.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | -7.1% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76707
Population: 16,602
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 76707
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
G W CARVER MIDDLE
CRESTVIEW EL
KENDRICK EL
LAKE AIR MONTESSORI SCHOOL
MOUNTAINVIEW EL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,693 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Waco, TX?
Waco, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($141K prices, $1,363/mo rents) make it a reasonable choice.
Are rents high in Waco, TX?
Waco, TX rentals go for roughly $1,363/mo a month. That puts gross yield in solid territory relative to $141K acquisition costs.
Is it easy to find good tenants in Waco, TX?
Tenant demand in Waco, TX is solid. The local workforce $1,363/mo rents across most rental classes.
What are vacancy rates like in Waco, TX?
Waco, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
Does house hacking work in Waco, TX?
House hacking works a challenging in Waco, TX. Rents of $1,363/mo against $141K acquisition make the strategy solid for owner-occupants.
You know 76707 now. You don’t know where it ranks.
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How 76707 ranks in Waco, TX
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