Real Estate Investing in Woodway, Texas (76712)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76712 (Woodway, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Woodway, TX (76712)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 76712 Woodway
ZIP 76712 in Woodway, TX carries a substantial set of headwinds. Home values near $354K and rents of $1,796/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 76712 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 76712's metrics run below McLennan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 76712 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 76712 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Woodway:
Property Strategy for 76712
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,187 | $1,460 | 4.7% | +5.2% | $111,594 |
| 3BR | $293,052 | $1,880 | 4.6% | +6.4% | $97,684 |
| 4BR | $428,779 | $1,930 | 3.2% | +6.7% | $107,195 |
| 5BR | $569,858 | — | — | +6.8% | $113,972 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76712 Compare?
| Metric | 76712 | Woodway | Waco, TX | Texas |
|---|---|---|---|---|
| Home Value | $354,264 | $354,264 | N/A | $297,000 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 5.4% |
| Avg Rent | $1,796 | $1,796 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 76712 (Woodway, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 76712 (Woodway, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $354,264 |
| Monthly Rent | $1,796 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76712
Population: 28,719
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 76712
Schools in This ZIP Code
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
How do home values compare in Woodway, TX?
Homes in Woodway, TX typically sell near $354K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is Woodway, TX a good place for real estate investing?
Yes - Woodway, TX a 3.0/5 investability score. With $354K home prices against $1,796/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is rental property easy to operate in Woodway, TX?
The landlord environment in Woodway, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking work in Woodway, TX?
House hacking works a challenging in Woodway, TX. Rents of $1,796/mo against $354K acquisition make the strategy solid for owner-occupants.
Which investment style suits Woodway, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Woodway, TX. With home values at $354K and rents near $1,796/mo, other strategies can work but produce even-keeled rather than outsized returns.
You know 76712 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 76712 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 76712 ranks in Waco, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 76712 (Woodway)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 76712 (Woodway, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.