Waco, TX 76706 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Waco, TX — 76706
Market Hotness
25
Hotness Rank
#11,323
Hotness Score
25
Supply Score
19
Demand Score
30
DOM vs US
+18.0%
Slower
Price vs US
67%
Below avg
Median Listing Price
$289K
Population
41,627
Households
108,454
Median Days on Market
71
Active Listings
204
New Listings
46
Housing Market
Pricing
Median Listing Price
$289K
-2.5% YoY
Average Listing Price
$348K
-13.0% YoY
Price per Sq Ft
$185
-6.9% YoY
Median Sq Ft
1,597
-3.0% YoY
Inventory
Active Listings
204
+35.7% YoY
New Listings
46
0.0% YoY
Total Listings
243
+29.6% YoY
Buyer Competition
Pending Listings
41
-2.4% YoY
Pending Ratio
0.20
-7.8% YoY
Median Days on Market
71
+19.3% YoY
Price Reduced
23.3%
+2.8% 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
41,627
+2.4% 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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