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ZIP Code · TX

ZIP 76706

Part of Waco, TX
Pop. 41,627·McLennan County·464th most expensive ZIP in Texas
Median rent (all units)
$1,439/mo
Year-over-Year
+3.9%
Month-over-Month
+0.8%
vs US Median
-$526
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 76706 · $1,439
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$1,000
2 BR
$1,240
3 BR
$1,600
4 BR+
$1,650
Research median
$1,240/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,268/yr
At $1,439/mo median
Location
CityWaco
StateTX
CountyMcLennan County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.9% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 76706 (Waco, TX) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 23.1% of residents hold a bachelor's degree or higher.

Population
41,627
Median income
$41,656
Median age
24.2
Renters
61%
Age distribution
19.4%
47.2%
18.8%
Under 1819.4%
18–3447.2%
35–5418.8%
55–646.3%
65+8.3%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
55.1%
18.1%
29.9%
White55.1%
Black18.1%
Hispanic29.9%
Asian2.4%
Education (25+)
14.9%
34.1%
27.9%
23.1%
No HS diploma14.9%
HS diploma34.1%
Some college27.9%
Bachelor's+23.1%
Housing tenure
39%
61%
Owner39%
Renter61%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 76706 in Waco, TX has changed in 5 years

Rent
$1,092 → $1,439
up 31.8%
Income
$35,387 → $41,656
up 17.7%
Population
39,488 → 41,627
up 5.4%
Renter share
60.4% → 61%
+0.6 pts
Bachelor's+
21.3% → 23.1%
+1.8 pts
Median age
23.5 → 24.2
+0.7 yrs

Since 2021, the typical rent in ZIP 76706 in Waco, TX has climbed from $1,092 to $1,439, a 31.8% change over five years. Census figures show median household income at $41,656 today, compared with $35,387 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.4% since 2021, moving from about 39,488 residents to roughly 41,627. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 76706

Last updated: July 20, 2026

ZIP code 76706 covers Waco, TX. The median rent here is $1,439/mo as of July 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,240/mo.

At 41% of local median household income ($41,656/yr), ZIP 76706 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 76706?

As of July 20, 2026, the median monthly rent in ZIP 76706 (Waco, TX) is $1,439. This is based on aggregated data from public sources and community submissions.

How does ZIP 76706 rent compare to the US average?

ZIP 76706's median rent of $1,439/mo is $526 (27%) below the US national median of $1,965/mo.

How does ZIP 76706 compare to other ZIPs in Texas?

ZIP 76706 is among the more affordable ZIP codes in Texas, ranking #464 out of 689 ZIPs at $1,439/mo.

How much income do you need to rent in ZIP 76706?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,439/mo in ZIP 76706. The local median household income is $41,656/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 76706?

Rent in ZIP 76706 has increased 3.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 76706 an affordable place to rent?

ZIP 76706 is considered stretched for renters. At $1,439/mo, rent takes approximately 41% of the local median household income ($41,656/yr). The standard benchmark is 30%. ZIP 76706 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 76706 residents rent vs. own?

According to Census data, approximately 61% of ZIP 76706 households are renters, while 39% are owner-occupied. With a majority renter population, ZIP 76706 has a strong rental market.

How does ZIP 76706 compare to the rest of Waco?

ZIP 76706 is pricier than Waco as a whole. At $1,439/mo, it's $70 above the Waco citywide median of $1,369/mo.

When was rent data for ZIP 76706 last updated?

Rent data for ZIP 76706 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
41%
STRETCHED

At $1,439/mo, rent takes ~41% of ZIP 76706's median household income ($41,656/yr). The standard benchmark is 30%.

ZIP 76706 41%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 76706 (Waco, TX)

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