dynamic.RE

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City

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State

City

ZIP codes

Waco, TX · 76716

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $67K, +4.3% YoY (county); renters hold 38.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

97,338

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 108,454

108Kunits

Occupied97,33889.8%

Vacant11,11610.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 97,338

97Koccupied

Owner60,15561.8%

Renter37,18338.2%

Renter Share

38.2%-1.6% YoY

Total Housing Units

108,454+1.2% YoY

FY2026 Fair Market Rent

CountyMcLennan County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.9% to 266,067: residents under 18 are up 0.1% and those 65 and over are up 2.5%.

Median Age

34.02024

Population

McLennan County Population

270,358+0.6% YoY

Households

Total Households

97,338+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.64-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 266,067

266Kresidents

Under 1863,73624.0%

Adults 18–64161,56060.7%

65 & Over40,77115.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

63,736+0.1% YoY

Population 65 & Over

40,771+2.5% YoY

Median Age

34.000.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.5%

Moved (within US)16.0%

Other0.5%

Veterans

7.2%0.0% YoY

County Economy

County median household income is $67K, 16.6% of residents are below the poverty level, 9.8% work from home.

Income

Median Household Income

$67K+4.3% YoY

Per-Capita Income

$35K+6.5% YoY

Mean Household Income

$93K+5.6% YoY

Poverty

Below Poverty Level

16.6%-2.9% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone77.5%

Public transit0.4%

Worked from home9.8%

Other12.3%

Worked From Home

9.8%+14.0% YoY

Mean Commute

21.20+2.4% YoY

Done with 76716? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Waco, TX · 76716

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $67K, +4.3% YoY (county); renters hold 38.2% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

97,338

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 108,454

108Kunits

Occupied97,33889.8%

Vacant11,11610.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 97,338

97Koccupied

Owner60,15561.8%

Renter37,18338.2%

Renter Share

38.2%-1.6% YoY

Total Housing Units

108,454+1.2% YoY

FY2026 Fair Market Rent

CountyMcLennan County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.9% to 266,067: residents under 18 are up 0.1% and those 65 and over are up 2.5%.

Median Age

34.02024

Population

McLennan County Population

270,358+0.6% YoY

Households

Total Households

97,338+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.64-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 266,067

266Kresidents

Under 1863,73624.0%

Adults 18–64161,56060.7%

65 & Over40,77115.3%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

63,736+0.1% YoY

Population 65 & Over

40,771+2.5% YoY

Median Age

34.000.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house83.5%

Moved (within US)16.0%

Other0.5%

Veterans

7.2%0.0% YoY

County Economy

County median household income is $67K, 16.6% of residents are below the poverty level, 9.8% work from home.

Income

Median Household Income

$67K+4.3% YoY

Per-Capita Income

$35K+6.5% YoY

Mean Household Income

$93K+5.6% YoY

Poverty

Below Poverty Level

16.6%-2.9% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone77.5%

Public transit0.4%

Worked from home9.8%

Other12.3%

Worked From Home

9.8%+14.0% YoY

Mean Commute

21.20+2.4% YoY

Done with 76716? Put it next to another market.