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2721 Homan Ave
B- Composite 68.24
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Livability +3.7/5.0
  • Rent growth +2.8/5.0
  • Condition / age +2.5/5.0
  • Schools +1.8/10.0
  • Appreciation +0.0/10.0

$66,900

2721 Homan Ave · Waco, TX 76707
2 bd · 1.0 ba · 1,072 sqft · SingleFamily public records · 87 Days on market
Built 1925 8,233 sqft lot $62/sqft · 57% below area ↓ 16% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

Key facts

  • Alley access
  • Large backyard
  • 8,233 sq ft lot

Tags

LARGE BACKYARDALLEY ACCESSQUICK ACCESS TO DOWNTOWNPROXIMITY TO SHOPPINGESTABLISHED NEIGHBORHOOD

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $67k.

Deal economics

  • At list price, monthly cash flow is $467 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $67k).
  • Recommended offer: $63k (6.0% below list) — sets the bar for market timing.
  • Cap rate 14.7% vs local median 3.9% in Waco — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 74/100 on livability (#166 in TX, #4,378 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, crime D, commute F.
  • Waco ISD (urban): math 20% / reading 24% proficiency, ranked #773 of 826 in TX (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising (+1.1%/yr); 144 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,014 units permitted in McLennan County in 2024 (200 in 5+ unit buildings).
  • This rent runs 40% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $463 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • McLennan County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 1.1% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 87 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $13k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 3.9% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major flood risk; major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $62,886 (6.0% below list)

Questions for the listing agent

  1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
2.01%
Cap rate
14.68%
Cash-on-cash
29.94%
DSCR
2.33
GRM
4.1

CMA / ARV

ARV (median comp)
$157,316
List price
$66,900
Delta
-57.47%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3103 Homan Ave 0.26mi 2/1.0 1,086 (+1%) 2mo $69,900 $64 84
1215 N 26th St 0.19mi 2/1.0 972 (-9%) 1mo $45,000 $46 74
3033 Cole Ave 0.35mi 3/1.0 (+1) 1,089 (+2%) 2mo $235,000 $216 74
2809 Gorman Ave 0.43mi 2/1.0 1,040 (-3%) 1mo $64,900 $62 74
3012 Colonial Ave 0.28mi 2/1.0 954 (-11%) 2mo $145,000 $152 67
2319 Parrot 0.41mi 2/2.0 1,152 (+8%) 0mo $75,000 $65 64
820 N 34th St 0.73mi 2/1.0 1,048 (-2%) 1mo $156,000 $149 61
916 N 31st St 0.53mi 2/1.0 980 (-9%) 0mo $115,000 $117 61
3624 Erath Ave 0.70mi 3/1.0 (+1) 1,119 (+4%) 1mo $179,900 $161 54
3601 Ethel Ave 0.68mi 3/1.0 (+1) 1,001 (-7%) 1mo $169,000 $169 51
912 N 22nd St 0.51mi 3/2.0 (+1) 1,168 (+9%) 2mo $199,999 $171 51
3512 Ethel Ave 0.61mi 2/1.0 926 (-14%) 0mo $35,000 $38 48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.14% rent growth · sell at horizon

5-year hold
IRR
22.2%
Equity multiple
1.88×
Total profit
$16,553
Equity at exit
$9,975
10-year hold
IRR
28.8%
Equity multiple
3.32×
Total profit
$43,375
Equity at exit
$5,784

Cash invested: $18,732 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Texas
87 Strongly Landlord-Friendly · R+5
County
— inherits STATE
City
— inherits STATE
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

ZIP-level market 76707

Rents YoY
1.1%
Active inventory
144
Price-to-rent
4.1×

Monthly cashflow live

Estimated rent
$1,348 high interval (Pro) →
Mortgage (P&I)
$351
Tax from tax record
$219 /mo · $2,624/yr
Insurance
$28
HOA
$0
Vacancy / Maint / Mgmt
$283
Net cashflow
$467

Break-even live

Break-even rent $756
Max offer price $66,900
Occupancy floor 60%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$16,725
Closing costs
$2,007
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2705 Bosque Blvd Waco, TX 3.0 2.0 1028 $1,599 $1.56 43d 1 0.11mi
2724 Bosque Blvd Waco, TX 2.0 1.0 1120 $1,100 $0.98 21d 1 0.14mi
2632 Colonial Ave Unit B Waco, TX 2.0 1.0 896 $1,050 $1.17 21d 1 0.22mi
2511 Parrott Ave Waco, TX 3.0 2.0 1463 $1,695 $1.16 43d 1 0.27mi
3007 Parrott Ave Unit 1 Waco, TX 3.0 2.0 1458 $1,650 $1.13 21d 1 0.29mi
3116 Bosque Blvd Waco, TX 2.0 1.0 1100 $1,250 $1.14 13d 1 0.37mi
3121 Colonial Ave Waco, TX 3.0 2.0 1085 $1,600 $1.47 21d 1 0.37mi
3121 Colonial Ave Waco, TX 3.0 2.0 1085 $1,600 $1.47 43d 1 0.37mi
2225 Trice Ave Waco, TX 2.0 1.0 803 $1,300 $1.62 43d 1 0.51mi
2225 Trice Ave Waco, TX 2.0 1.0 803 $1,300 $1.62 13d 1 0.51mi
3400 W Brookview Dr Waco, TX 1.0–2.0 1.0 865 $1,209 $1.40 13d 5 0.53mi
2714 Morrow Ave Waco, TX 2.0 1.0 1484 $1,375 $0.93 21d 1 0.54mi
2714 Windsor Ave Waco, TX 2.0 1.0 979 $1,300 $1.33 43d 1 0.59mi
2224 Cumberland Ave Waco, TX 2.0 1.0 768 $1,075 $1.40 43d 1 0.62mi
2621 Windsor Ave Waco, TX 2.0 1.0 1108 $1,175 $1.06 21d 1 0.63mi
1906 Bosque Blvd Unit 1 Waco, TX 1.0 1.0 880 $875 $0.99 21d 1 0.64mi
2601 Fort Ave Unit 4 Waco, TX 2.0 1.0 1000 $990 $0.99 43d 1 0.66mi
608 N 23rd St Waco, TX 3.0 1.0 1361 $1,695 $1.25 21d 1 0.69mi
615 N 23rd St Waco, TX 2.0 1.0 900 $1,275 $1.42 21d 1 0.70mi
1821 Algonquin St Waco, TX 2.0 1.0 930 $1,150 $1.24 43d 1 0.70mi
2225 Windsor Ave Waco, TX 2.0 1.0 840 $1,100 $1.31 43d 1 0.72mi
1815 Seneca Ave Waco, TX 3.0 2.0 1471 $1,650 $1.12 21d 1 0.73mi
3701 Parkwood St Unit 3703 Waco, TX 2.0 1.0 950 $1,075 $1.13 13d 1 0.80mi
3621 Gorman Ave Waco, TX 3.0 1.5 1086 $1,950 $1.80 13d 1 0.80mi
1920 Windsor Ave Waco, TX 3.0 1.0 1216 $1,200 $0.99 43d 1 0.83mi
1309 Sunset St Waco, TX 2.0 1.0 1102 $1,295 $1.18 21d 1 0.84mi
516 N 31st St Unit 1 Waco, TX 1.0 1.0 1100 $1,000 $0.91 43d 1 0.84mi
516 N 31st St Waco, TX 1.0 1.0 1100 $1,000 $0.91 21d 1 0.84mi
1825 Cumberland Ave Waco, TX 3.0 1.0 1400 $1,325 $0.95 13d 1 0.84mi
1905 N 19th St Waco, TX 1.0 1.0 816 $875 $1.07 21d 1 0.86mi
2404 Proctor Ave Waco, TX 1.0 1.0 837 $1,000 $1.19 21d 1 0.86mi
2402 Proctor Ave Waco, TX 1.0 1.0 1000 $950 $0.95 13d 1 0.86mi
2404 Proctor Ave Unit 2 Waco, TX 1.0 1.0 837 $950 $1.14 13d 1 0.87mi
2704 Herring Ave Waco, TX 2.0 2.0 1286 $1,750 $1.36 21d 1 0.90mi
3532 Windsor Ave Waco, TX 3.0 2.0 1100 $1,475 $1.34 13d 1 0.91mi
3809 Homan Ave Waco, TX 2.0 1.0 840 $1,100 $1.31 43d 1 0.91mi
3625 Maple Ave Waco, TX 2.0 1.0 950 $1,275 $1.34 43d 1 0.91mi
2601 Herring Ave Unit 1 Waco, TX 3.0 1.0 989 $1,295 $1.31 43d 1 0.94mi
2712 Lyle Ave Waco, TX 3.0 1.0 1100 $1,500 $1.36 43d 1 0.98mi
2712 Lyle Ave Waco, TX 3.0 1.0 1100 $1,500 $1.36 21d 1 0.98mi

Listing history 18 events

  1. 2026-06-18
    days on market $66,900 Active 87 DOM
  2. 2026-06-17
    days on market $66,900 Active 86 DOM
  3. 2026-06-16
    days on market $66,900 Active 85 DOM
  4. 2026-06-15
    days on market $66,900 Active 84 DOM
  5. 2026-06-14
    days on market $66,900 Active 82 DOM
  6. 2026-06-13
    status $66,900 Active 81 DOM
  7. 2026-05-19
    status Pending 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  8. 2026-05-14
    price $66,900 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  9. 2026-05-14
    status Active 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  10. 2026-03-24
    status Pending 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  11. 2026-03-11
    historical Active Option Contract 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  12. 2026-02-26
    price $69,900 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  13. 2026-01-29
    price $74,900 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  14. 2026-01-07
    listed $79,900 Active 1008-char remark
    Show marketing remark (1008 chars)

    As-Is Property - Investor Special - Handyman Special in Central Waco! Located in the heart of Waco, TX, this 2-bedroom, 1-bath property presents a prime opportunity for investors, flippers, or buyers ready to add value. The home features a functional layout with a living room, dining area, and an additional versatile space ideal for a transitional living room, game room, or home office. This bonus space opens into a large backyard with alley access, offering limitless potential for an addition, pool, or enhanced outdoor living. Situated in central Waco, this property offers quick access to downtown Waco, Baylor University, Cameron Park, and major corridors, making it attractive for both long-term and short-term rental strategies. Enjoy proximity to shopping, dining, schools, and local attractions, all while being tucked into an established neighborhood with ongoing revitalization. Sold as-is. Bring your vision and unlock the upside in one of Waco’s most conveniently located areas.

  15. 2025-12-29
    soldstatus
  16. 2008-06-23
    soldstatus
  17. 2008-04-14
    soldstatus
  18. 2001-06-27
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

Current annual tax
$2,624 · $219/mo
Projected year-2 tax
$2,624 · $219/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
  • 🔥 Wildfire 2/10 Low
  • 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,173
− Mortgage interest
−$3,747
− Property taxes
−$2,624
− Insurance
−$334
− Repairs & maintenance
−$1,294
− Management
−$1,294
− Depreciation
−$1,946
Taxable income
$4,934
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,184
After-tax cash flow
$4,424/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Waco ISD
NCES district ID
4844280
Math proficiency
20% ▼ -14.00%
Reading proficiency
24% ▼ -6.00%
Median HH income
$29,208
Composite
17.57/100
National rank
#9043
State rank
#773 of 826 in TX

Livability — Waco

Score
74/100
State rank
#166
US rank
#4378

Category grades

Amenities C Commute F Cost of living A+ Crime D Employment D- Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Waco, TX
County
McLennan County · 213,088 people
City population
125,319
Metro
Waco, TX
Population (ZIP)
15,879
Household income
$40,443
Rent vs Own
41.1% rent · 58.9% own
Severe rent burden
704.0

Population outlook (McLennan County) Hauer SSP2

Today (2025)
264,191 people
By 2030
273,578 · +3.6%
By 2040
291,506 · +10.3%
By 2050
308,044 · +16.6%
By 2075
349,648 · +32.3%
By 2100
364,779 · +38.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.64)
Race & ethnicity
Hispanic / Latino 47% Black 32% Two or more races 26% White 18%
Hispanic origin (detail)
Mexican 43%
Common ancestry
Romanian 1% Lithuanian 1% Italian 1%
Foreign-born
15% · Canada
Languages at home
65% English-only · Spanish 34% Tagalog/Filipino 1%

Political lean MEDSL · McLennan

2024 margin
Solid R (+30.9) · D 34.0% · R 64.9% · Other 1.0%
2008→2024 swing
-7.0pp toward R · 2008: -23.9pp · 2024: -30.9pp
All cycles
2024: R+30.9 2020: R+23.4 2016: R+27.1 2012: R+29.8 2008: R+23.9

Not yet ingested

Civics

Market trends

HPI YoY
▼ -134.95%
Current HPI
239.639
Rent YoY
▲ 1.14%
Metro
Waco, TX
State GDP YoY
▲ 3.95%
F500 in state
110

Industry mix (Fortune 500 HQ in TX)

Industry F500 HQs Revenue

Price history

-16.3% since first listed
12 events — show timeline
  • 2026-05-19 Pending NTREIS
  • 2026-05-14 Price Changed $66,900 NTREIS
  • 2026-05-14 Relisted NTREIS
  • 2026-03-24 Pending NTREIS
  • 2026-03-11 Contingent NTREIS
  • 2026-02-26 Price Changed $69,900 NTREIS
  • 2026-01-29 Price Changed $74,900 NTREIS
  • 2026-01-07 Listed $79,900 NTREIS
  • 2025-12-29 Sold (Public Records) Public Records
  • 2008-06-23 Sold (Public Records) Public Records
  • 2008-04-14 Sold (Public Records) Public Records
  • 2001-06-27 Sold (Public Records) Public Records

Property tax history

+8.9%/yr

Latest (2025): $2,624 · +1.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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