The story of this market
The typical home in ZIP 76704 sells for about $188,500, or $178 per square foot.
Prices are down 5.98% from a year ago, which gives buyers more room to negotiate. Homes take about 67 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 76704 — Waco
The 76704 housing market is currently experiencing a period of price stability with a median listing price of $188,500. As a buyer's market, supply currently exceeds demand, resulting in a median of 67 days on market. These conditions are driven by the area's role as an affordable entry point for investors and residents within the broader Waco market.
This ZIP is well-suited for investors targeting the student rental market and budget-conscious buyers looking for entry-level housing in an urban setting.
Median prices moved down 6.0% year over year.
Homes spend a median of 67 days on market with 4.2 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 32.1% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 76704, McLennan County TX
Schools in this area are part of the Waco Independent School District, which serves a diverse student population with varying performance metrics across its campuses.
The area is subject to standard Texas climate risks, including potential for severe thunderstorms and heat-related hazards; flood risk varies by specific parcel location.
Waco's economy is anchored by education, healthcare, and manufacturing, with ongoing revitalization efforts in the downtown and surrounding urban corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents typically rely on personal vehicles for commuting, with easy access to major thoroughfares like I-35 that connect to the broader Waco employment core.
The area features proximity to local parks and community centers, with access to the Brazos River waterfront and various shopping districts within a short drive.
The rental market is characterized by high demand from the student population and workforce, with recent price fluctuations reflecting broader regional trends.
The local economy is driven by Baylor University, regional healthcare systems, and a growing manufacturing and logistics sector in the Waco metropolitan area.
Transportation is primarily highway-dependent, with I-35 serving as the main artery for regional connectivity.
Ongoing urban renewal projects in Waco continue to influence development patterns in the surrounding ZIP codes.
The McLennan County Appraisal District manages property assessments for all parcels within the county.
Parcels are subject to Waco ISD and McLennan County tax jurisdictions, along with potential utility district assessments.
Property insurance premiums in this region are influenced by statewide trends regarding severe weather and catastrophe risk exposure.
Data retrieved from data.census.gov ZCTA 76704 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Waco Surf4.37.7 mi
- Camp Fimfo Waco4.53.6 mi
- Hawaiian Falls Waco43.1 mi
- Urban Air Trampoline and Adventure Park4.15.4 mi
- Chuck E. Cheese3.95.2 mi
- McLane Stadium4.71 mi
- Camp Fimfo Waco4.53.6 mi
- Waco Convention Center4.51 mi
- Extraco Events Center4.44.6 mi
- The Backyard Bar Stage and Grill4.41.6 mi
- Dr Pepper Museum4.41.3 mi
- Cameron Park Zoo4.61.5 mi
- Silos at Magnolia4.61.5 mi
- Waco Mammoth National Monument4.74.1 mi
- Cinemark Waco and XD4.55 mi
- Dr Pepper Museum4.41.3 mi
- Waco Mammoth National Monument4.74.1 mi
- Mayborn Museum Complex4.81.5 mi
- Mount Carmel Center4.27.9 mi
- Texas Ranger Hall of Fame & Museum4.71.2 mi
- Waco Mammoth National Monument4.74.1 mi
- Cameron Park4.82.3 mi
- Woodway Park4.67.6 mi
- Jacob's Ladder4.71.8 mi
- Whitehall Park4.76.9 mi
- Lake Waco Marina & RV Park4.36.9 mi
- Topgolf Waco4.15.1 mi
- Cottonwood Creek Golf Course4.35.2 mi
- Putters: Arcade - Mini Golf - Sports Bar4.41.1 mi
- Bear Ridge Golf Club3.611.1 mi
- ReadyGolf52 mi
- Magnolia Market4.41.5 mi
- Richland Mall4.15.6 mi
- Ross Dress for Less4.25.6 mi
- Homestead Heritage4.86.8 mi
- Spice Village4.61.1 mi
- Waco Regional Airport4.16.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational access and scenic views for the surrounding community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.