Investor-grade market analytics for Waco, Texas. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$258,697
-0.6% year-over-year
6.6%
gross annual
-5.9%
base case (Zillow ZHVF)
-5.9% year-over-year
Migration: Top 43% nationally
In-migrants avg $62,399 AGI vs out-migrants $57,137
Opportunity Zone Market
10 ZIP codes in Waco are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Waco, TX is experiencing a correction with -0.6% year-over-year decline, signaling a buyer's market with softening demand. Affordability remains favorable with a price-to-income ratio of 4.05x, below the national average of 4.8x. Modest net positive migration (+29 returns/year) provides steady demand support. Climate risk remains low (30/100), favorable for long-term investment stability. Rental yield of 6.63% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Waco, TX's primary climate exposure is tornadoes (60/100). The composite climate risk score of 30/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.