Waco, TX home prices
Typical home $250,105 · +0.4% in a year · income needed $75,800
The Waco, TX metro area ranks 454 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.4% in a year and +16.4% over five years. With 20% down at 7.11%, the typical home costs about $1,768 a month including 1.42% property tax (McLennan County rate).
Mortgage on the typical Waco home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,021 | $200,084 | $1,346 | $0 | $422 | $1,768 | $75,800 |
| 10% down | $25,011 | $225,095 | $1,514 | $94 | $422 | $2,030 | $87,000 |
| 5% down | $12,505 | $237,600 | $1,598 | $99 | $422 | $2,119 | $90,800 |
| 3.5% down (FHA) | $8,754 | $245,575 | $1,652 | $111 | $422 | $2,185 | $93,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.42% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Waco area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| McLennan County, TX | $257,622 | +0.4% | 1.42% |
| Falls County, TX | $141,228 | -3.1% | 1.37% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Waco?
The typical home in the Waco, TX metro area is worth $250,105 (Zillow, September 2026).
What salary do you need to buy a house in Waco?
About $75,800 a year for the typical home with 20% down at 7.11%.