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Waco city, TX

ZIP 76705 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 76705

Median Home Value
$167,000
Median Rent
$754
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,073/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 76705 in Waco city, TX, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,073. That sits below the local median household income ($54,881), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.5%-6% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
83.9%-4% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
18.0%-64% vs US avg
x
Mortgage-Free
48.6%+27% vs US avg
x
$167,000
Home Value
$754
Rent
1983
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.1%
  • 1-unit attached1.8%
  • 2-9 units11.5%
  • 10+ units8.7%
  • Mobile home & other13.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,000
Median rent$754
Owner-occupied61.5%
Vacant10.9%
Price-to-income3.0x
Est. income to buy$46,000