HousingHandbookReference data

U.S. ZIP Code · TX76701

McLennan County · Waco, TX

Typical home value

$304,826[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.3%
5-year / yr
+8.6%
10-year / yr
+11.3%

Relative price

vs U.S.
+7.3%
vs metro
+16.5%
vs state
+16.5%
ZIP 76701 location in TX
Location of ZIP 76701 in TX

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 76701 is worth $304,826 — 16.5% above the Waco, TX median. Over the past year, values have risen 4.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
[3]
Typical annual tax
[3]

#Climate risk

FEMA National Risk Index ratings for McLennan County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Relatively Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
1,871[3]
Median household income
$30,313[3]

#Migration

Household moves in and out of McLennan County over a year, from IRS tax-return data.

Net migration
+92[5]
Moved in
5,910
Moved out
5,818

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • KENDRICK EL

    Elementary · Grades PK–5 · WACO ISD

    469 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,541
Loan principal$243,861
Down payment$60,965
Total interest paid$311,031

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,100
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
100th percentile[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 76701?
The typical home in 76701 is worth $304,826, based on the Zillow Home Value Index.
Are home values rising in 76701?
Home values in 76701 are up 4.3% over the past year, and up 8.6% a year over five years.
Who lives in 76701?
ZIP code 76701 has a population of 1,871 and a median household income of $30,313.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bruceville-Eddy, TX

    Typical home
    $301,732
    Gross yield
  • Hewitt, TX

    Typical home
    $297,591
    Gross yield
    6.8%
  • West, TX

    Typical home
    $296,579
    Gross yield
  • Cranfills Gap, TX

    Typical home
    $313,719
    Gross yield
  • Valley Mills, TX

    Typical home
    $324,827
    Gross yield
  • Iredell, TX

    Typical home
    $284,468
    Gross yield

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