Market Intelligence · TX / Waco

Waco, TX 76704 Housing Market

Typical home value in Waco's 76704 ZIP is $114,760, down 2.8% over the past year. The median list price sits at $164,975, with homes averaging 87 days on market as of September 2026.

Updated September 2026Median value$115K

The median home value in Waco, TX 76704 is $115K as of September 2026, down 2.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 76704 range

$106K to $124K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-2.8% over 12 months

Sep 2025$118K

Low $112KHigh $119K

Sep 2026$115K

The numbers

What is the 76704 housing market like?

As of September 2026

Typical home value

$115K

2.8%YoY

Median list price

$165K

2.9%MoM

Days on market

1.2%MoM

Homes for sale

7.1%MoM

Price cuts

15.8%

6.9%MoM

New listings

37.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

76704 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 76704 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 76704 fell 2.8%, per the Zillow Home Value Index.

Will home prices drop in 76704?

Zillow's forecast does not call for a drop: it expects typical home values in 76704 to rise 0.8% by September 2027, after a 2.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 76704 home prices compare?

76704$114,760
Waco$216,382
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Waco: 8 ZIPs; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

The 76704 market shows modest inventory pressure. There are 45 homes for sale with 10 new listings added in September 2026. About 15.8% of current listings have seen a price cut, a signal that sellers are adjusting to buyer demand. Days on market remain elevated at 87, suggesting homes are taking time to move. If you're thinking about selling, expect a measured pace and consider pricing strategy carefully.

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Common questions

What people ask us.

What is the typical home value in 76704?

The typical home value is $114,760, down 2.8% over the past year.

How long do homes typically stay on the market in 76704?

The median days on market is 87 as of September 2026.

How many homes are currently for sale in 76704?

There are 45 homes for sale in the ZIP, with 10 new listings added in September 2026.

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