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ZIP Code · TX

ZIP 76707

Part of Waco, TX
Pop. 15,879·McLennan County·499th most expensive ZIP in Texas
Median rent (all units)
$1,392/mo
Year-over-Year
-1.0%
Month-over-Month
-4.7%
vs US Median
-$573
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 76707 · $1,392
More affordable than 81% 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
$16,704/yr
At $1,392/mo median
Location
CityWaco
StateTX
CountyMcLennan County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.0% YoY, -4.7% MoM), not inventory.
Demographics

Who lives here

ZIP 76707 (Waco, TX) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 15.4% of residents hold a bachelor's degree or higher.

Population
15,879
Median income
$40,443
Median age
30.5
Renters
41.1%
Age distribution
30.8%
24.9%
21.4%
Under 1830.8%
18–3424.9%
35–5421.4%
55–6411.9%
65+10.9%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
24.8%
30.3%
48.4%
White24.8%
Black30.3%
Hispanic48.4%
Asian0.9%
Education (25+)
24.5%
36.4%
23.6%
15.4%
No HS diploma24.5%
HS diploma36.4%
Some college23.6%
Bachelor's+15.4%
Housing tenure
58.9%
41.1%
Owner58.9%
Renter41.1%

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

2021 vs 2026

How ZIP 76707 in Waco, TX has changed in 5 years

Income
$31,598 → $40,443
up 28.0%
Population
16,430 → 15,879
down 3.4%
Renter share
48.1% → 41.1%
-7.0 pts
Bachelor's+
15% → 15.4%
+0.4 pts
Median age
29.8 → 30.5
+0.7 yrs

Local incomes tracked alongside that move, going from a median of $31,598 in 2021 to $40,443 more recently. Headcount in the area went from 16,430 to 15,879 between 2021 and 2024, a 3.4% change. About 41.1% of households rent today, against 48.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 76707

About renting in ZIP 76707

Last updated: July 20, 2026

ZIP code 76707 covers Waco, TX. The median rent here is $1,392/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 ($40,443/yr), ZIP 76707 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 76707?

As of July 20, 2026, the median monthly rent in ZIP 76707 (Waco, TX) is $1,392. This is based on aggregated data from public sources and community submissions.

How does ZIP 76707 rent compare to the US average?

ZIP 76707's median rent of $1,392/mo is $573 (29%) below the US national median of $1,965/mo.

How does ZIP 76707 compare to other ZIPs in Texas?

ZIP 76707 is among the more affordable ZIP codes in Texas, ranking #499 out of 689 ZIPs at $1,392/mo.

How much income do you need to rent in ZIP 76707?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,392/mo in ZIP 76707. The local median household income is $40,443/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 76707?

Rent in ZIP 76707 has decreased 1.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 76707 an affordable place to rent?

ZIP 76707 is considered stretched for renters. At $1,392/mo, rent takes approximately 41% of the local median household income ($40,443/yr). The standard benchmark is 30%. ZIP 76707 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 76707 residents rent vs. own?

According to Census data, approximately 41.1% of ZIP 76707 households are renters, while 58.9% are owner-occupied. ZIP 76707 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 76707 compare to the rest of Waco?

ZIP 76707 is pricier than Waco as a whole. At $1,392/mo, it's $23 above the Waco citywide median of $1,369/mo.

When was rent data for ZIP 76707 last updated?

Rent data for ZIP 76707 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
41%
STRETCHED

At $1,392/mo, rent takes ~41% of ZIP 76707's median household income ($40,443/yr). The standard benchmark is 30%.

ZIP 76707 41%Benchmark 30%
State income taxNone
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Schools nearby

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