Waco, TX · Texas

McLennan County

ZIP 76624

263,608 residents1,374 permits TTM$63,888 median HHI20 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$219,200

ACS 5-Year

Cap rate proxy

6.1%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.8%

HUD FMR ÷ ACS HHI

Net migration

+1.36%

IRS SOI

Permits (TTM)

1,374

Census BPS

Climate risk

91.2

FEMA NRI (0–100)

ZIP 76624

Median home value

Gross yield

Buy Box score

0.3

Section 8 gap

Affordability

P/I: 5.4R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown20 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
767111.0
767071.0
767080.9
767040.9
767050.9
767060.7
766550.7
766400.7
766430.6
767100.6
766910.5
766300.4
767010.4
766570.3
767120.3
766240.3
766330.2
766380.1
76654
76798

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Demographics

Owner-occupied

61.2%

Census ACS

Vacancy rate

10.5%

Census ACS

Bachelor's degree +

27.8%

Census ACS

Rent burdened

51.3%

Census ACS (>30% income)

Median age

34.0

Census ACS

Data sources
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