The story of this market
The typical home in ZIP 76707 sells for about $229,000, or $142 per square foot.
Prices are up +42.55% from a year ago, so sellers still have some momentum. Homes take about 83 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,284 a month.
ZIP 76707 — Waco
The 76707 housing market is characterized by lower entry prices and a high share of rental properties, making it a target for active investors rather than passive buyers. Market data indicates a cooling rental trend and rising days on market, reflecting a cautious environment. Note that several specific metrics such as tax history and detailed school ratings were not available at the ZIP level.
This ZIP is primarily suited for investors and budget-conscious buyers, as income levels are lower than the Waco average and the market requires active management.
Median prices moved up 42.5% year over year.
Homes spend a median of 83 days on market with 1.6 months of supply — a fast-moving market.
100% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 28.4% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 76707, McLennan County TX
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).
The rental market in 76707 shows a median rent of $1,284 with a slight month-over-month decline, indicating a cooling trend in rental demand.
The local economy is characterized by lower income distribution compared to the broader Waco market, necessitating active management for real estate operators.
Data retrieved from census.gov ZCTA-level tables.
- Waco Surf4.310.3 mi
- Camp Fimfo Waco4.52.8 mi
- Hawaiian Falls Waco42.7 mi
- Urban Air Trampoline and Adventure Park4.13 mi
- Chuck E. Cheese3.92.9 mi
- McLane Stadium4.72.6 mi
- Camp Fimfo Waco4.52.8 mi
- Waco Convention Center4.51.9 mi
- Extraco Events Center4.42 mi
- The Backyard Bar Stage and Grill4.41.8 mi
- Dr Pepper Museum4.41.8 mi
- Cameron Park Zoo4.61.3 mi
- Silos at Magnolia4.61.8 mi
- Waco Mammoth National Monument4.73.6 mi
- Cinemark Waco and XD4.53.6 mi
- Dr Pepper Museum4.41.8 mi
- Waco Mammoth National Monument4.73.6 mi
- Mayborn Museum Complex4.82.7 mi
- Mount Carmel Center4.210.5 mi
- Texas Ranger Hall of Fame & Museum4.72.4 mi
- Waco Mammoth National Monument4.73.6 mi
- Cameron Park4.81.9 mi
- Woodway Park4.64.9 mi
- Jacob's Ladder4.71.6 mi
- Whitehall Park4.74.4 mi
- Lake Waco Marina & RV Park4.34.3 mi
- Lake Waco4.63.8 mi
- Topgolf Waco4.13.7 mi
- Cottonwood Creek Golf Course4.33.4 mi
- Putters: Arcade - Mini Golf - Sports Bar4.42 mi
- Bear Ridge Golf Club3.68.5 mi
- ReadyGolf52.7 mi
- Magnolia Market4.41.8 mi
- Richland Mall4.13.3 mi
- Ross Dress for Less4.24 mi
- Homestead Heritage4.87.7 mi
- Spice Village4.61.9 mi
- Waco Regional Airport4.15.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).