Real Estate Investing in Waco, Texas (76711)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76711 (Waco, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Waco, TX (76711)?
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Market Analysis: 76711 Waco
The 76711 ZIP in Waco, TX is a local-operator market. Outside capital chasing a $142K entry has to pair deep knowledge with the discount.
For an experienced owner, 76711 can be a a viable market for hunting ground — but the discount at $142K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 76711 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 76711 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 76711 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Waco:
Property Strategy for 76711
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $113,122 | $1,530 | 9.7% | +7.4% | $56,561 |
| 3BR | $138,623 | $1,980 | 10.3% | +6.3% | $46,208 |
| 4BR | $191,768 | $2,030 | 7.6% | — | $47,942 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76711 Compare?
| Metric | 76711 | Waco | Waco, TX | Texas |
|---|---|---|---|---|
| Home Value | $141,572 | $120,642 | N/A | $297,000 |
| 5-Year CAGR | 5.4% | 4.2% | N/A | 5.4% |
| Avg Rent | $1,341 | $1,382 | N/A | - |
| Cap Rate | 7.4% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76711 (Waco, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $141,572 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 8.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 Rent Trends
| 1-Year | +3.0% ▲ |
| 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 (7.4%). 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 76711
Population: 9,631
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 76711
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CRESTVIEW EL
KENDRICK EL
LAKE AIR MONTESSORI SCHOOL
MOUNTAINVIEW EL
PROVIDENT HEIGHTS 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
Where do home prices stand in Waco, TX?
Expect median prices around $142K in Waco, TX. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How deep is the rental pool in Waco, TX?
Waco, TX draws a steady base of working renters. Demand at the $1,341/mo rent level is reasonable for standard single-family and small multi rentals.
What is the smart move for investors in Waco, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Waco, TX. With home values at $142K and rents near $1,341/mo, other strategies can work but produce steady rather than outsized returns.
What are vacancy rates like in Waco, TX?
Waco, TX carries elevated vacancy risk. Expect measured absorption at market rents of $1,341/mo.
Does house hacking work in Waco, TX?
For house hackers, Waco, TX is a challenging. The $1,341/mo rent on a unit helps defray the mortgage on a $142K property.
You know 76711 now. You don’t know where it ranks.
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How 76711 ranks in Waco, TX
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