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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 76707 changed +1.9% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.
Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($40,443) is $1,011 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,000); a 2-bedroom is $1,240.
2nd cheapest of 5 ZIP codes in Waco.
From Zillow's monthly rent index (ZORI) for ZIP 76707. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 76707 in Waco, TX has changed in 5 years
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.
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Tips for renters in ZIP 76707
Last updated: October 17, 2026
ZIP code 76707 covers Waco, TX. The median rent here is $1,330/mo as of October 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,240/mo.
At 39% of local median household income ($40,443/yr), ZIP 76707 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 76707?
Is rent going up or down in ZIP 76707?
How does ZIP 76707 compare to other ZIPs in Texas?
How does ZIP 76707 compare to the rest of Waco?
At $1,330/mo, rent takes ~39% of ZIP 76707's median household income ($40,443/yr). The standard benchmark is 30%.
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