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Market MapWaco, TX
Metropolitan Area

Waco, TX

Texas0
60
/100
Buy
#508 of 894 metros
Top 57% nationally for investing

Market Snapshot

$246,644
Median Home Price
1% above national median
$1,478/mo
Median Rent
7% above national median
7.19%
Rent-to-Price Ratio
Top 25% nationally
-$332
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$246,644
Down Payment (20%)$49,329
Loan Amount$197,315
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,478
Monthly P&I-$1,293
Est. Expenses (35%)-$517
Net Cash Flow-$332/mo
4.7%
Cap Rate (all cash)
-7.0%
Cash-on-Cash Return
7.19%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.7% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
60/100
60
Cash Flow(30%)
72/100

Based on 7.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
42/100

Based on -2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
77/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.19%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-2.0% YoY)
  • -Negative cash flow at typical financing (-$332/mo)
  • -Negative leverage (cap rate 4.7% < mortgage rate 6.9%)

Counties in Waco, TX

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Lincoln, IL
Lincoln, IL
80$130,608Est.Strong BuyView
Bucyrus, OH
Bucyrus, OH
80$152,779Est.Strong BuyView
Portsmouth, OH
Portsmouth, OH
80$135,768Est.Strong BuyView
Sterling, IL
Sterling, IL
80$138,792Est.Strong BuyView
Williamsport, PA
Williamsport, PA
79$224,545$1,7679.44%Strong BuyView
Current
Waco, TX
60$246,644$1,4787.19%Buy

The Bottom Line

BuyWaco, TX offers solid investment potential with good cash flow or appreciation prospects.

The Waco, TX metro area scores 60/100, ranking #508 of 894 US metros (top 57%). The 7.19% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-332/mo
Cap Rate
4.7%
Cash-on-Cash
-8.1%

Ready to Invest in Waco, TX?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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