Waco, TX 76704 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Waco, TX — 76704
Market Hotness
27
Hotness Rank
#11,025
Hotness Score
27
Supply Score
50
Demand Score
3
DOM vs US
-2.3%
Faster
Price vs US
44%
Below avg
Median Listing Price
$190K
Population
7,018
Households
108,454
Median Days on Market
51
Active Listings
44
New Listings
6
Housing Market
Pricing
Median Listing Price
$190K
-5.1% YoY
Average Listing Price
$173K
-16.5% YoY
Price per Sq Ft
$163
-0.9% YoY
Median Sq Ft
1,102
-4.2% YoY
Inventory
Active Listings
44
+14.3% YoY
New Listings
6
-50.0% YoY
Total Listings
56
+12.1% YoY
Buyer Competition
Pending Listings
12
+9.1% YoY
Pending Ratio
0.27
-1.3% YoY
Median Days on Market
51
-6.0% YoY
Price Reduced
21.8%
+9.3% YoY
FY2026 Fair Market Rent — McLennan County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$850
/month
1 BR
$996
/month
2 BR
$1,240
/month
3 BR
$1,599
/month
4 BR
$1,644
/month
FMR Trends — McLennan County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
34.0
2024
Population
ZIP Population
7,018
-5.0% YoY
McLennan County Population
270,358
+0.6% YoY
Households
Total Housing Units
108,454
+1.2% YoY
Age
2024 Age Mix
266K
residents
Under 18
63,736
24.0%
Adults 18–64
161,560
60.7%
65 & Over
40,771
15.3%
Age Composition Over Time
2017–2024
Population Under 18
63,736
+0.1% YoY
Population 65 & Over
40,771
+2.5% YoY
Median Age
34.00
0.0% YoY
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