Waco, TX · Texas
Falls County
ZIP 76524
17,063 residents7 permits TTM$55,372 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$97,300
ACS 5-Year
Cap rate proxy
9.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.2%
HUD FMR ÷ ACS HHI
Net migration
+1.52%
IRS SOI
Permits (TTM)
7
Census BPS
Climate risk
26.2
FEMA NRI (0–100)
ZIP 76524
Median home value
—
Gross yield
—
Cap rate
3.5%
Rent gap
—
Affordability
P/I: 4.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 76661 | — | — | — | 9.6% | — |
| 76632 | — | — | — | 9.2% | — |
| 76680 | — | — | — | 9.2% | — |
| 76685 | — | — | — | 9.2% | — |
| 76570 | — | — | — | 6.2% | — |
Ranked by composite score
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Demographics
Owner-occupied
78.4%
Census ACS
Vacancy rate
19.3%
Census ACS
Bachelor's degree +
15.0%
Census ACS
Rent burdened
44.6%
Census ACS (>30% income)
Median age
41.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026