Waco housing market
Typical home value
$250K
▲ 0.4% 1 yr
Typical rent
$1,419/mo
▲ 1.9% 1 yr
12-month forecast
+0.2%
#455 of 546 metros
Gross rent yield
6.8%
#151 of 546 · U.S. 6.3%
Days to pending
81 days
▲ +9 days 1 yr
Listings with a price cut
27%
▼ −2.3 pts 1 yr
Key takeaways
- 1The typical home is worth $250,105, up 0.4% in a year and up 16% over five years.
- 2Zillow forecasts home values rising 0.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,419/mo (+1.9% YoY), a 6.8% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,374/mo in principal and interest, $45 less than renting.
- 5Homes go under contract in 81 days (+9 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #454 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Waco compares
| Measure | Waco | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.4% | +1.2% | #417 |
| Home value, 5-yr change | +16.4% | +19.7% | |
| 12-month forecast | +0.2% | +1.1% | #455 |
| Rent, 1-yr change | +1.9% | +2.7% | #408 |
| Gross rent yield | 6.8% | 6.3% | #151 |
| Price-to-rent ratio | 14.7 | 15.8 | |
| Mortgage P&I on typical home | $1,374 | $2,012 | |
| Income needed to buy | $74,444 | $100,902 | |
| Days to pending | 81 | 56 |
Cities in the Waco metro
3 cities with home value and rent data.
Run the numbers
Rental property calculator
Cash flow on a typical Waco rental ($250K, $1,419/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Waco home.
Rent vs buy
Is it cheaper to rent or buy in Waco?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
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$358K home$1,659 rent5.6% yield
▼ 2.0% 1 yr
Houston, TX
$303K home$1,638 rent6.5% yield
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San Antonio, TX
$274K home$1,415 rent6.2% yield
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Austin, TX
$414K home$1,603 rent4.6% yield
▼ 4.3% 1 yr
McAllen, TX
$189K home$1,119 rent7.1% yield
▼ 0.4% 1 yr
El Paso, TX
$233K home$1,521 rent7.8% yield
▲ 2.5% 1 yr
Killeen, TX
$248K home$1,308 rent6.3% yield
▼ 1.5% 1 yr
Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.