ZIP Code · TX

ZIP 76708

Part of Waco, TX

Pop. 27,790·McLennan County·343rd most expensive ZIP in Texas

Median rent (all units)

$1,586/mo

Year-over-Year

+1.8%

Month-over-Month

Stable

vs US Median

-$346

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 76708 · $1,586

More affordable than 67% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$860

1 BR

$1,000

2 BR

$1,250

3 BR

$1,610

4 BR+

$1,650

Research median

$1,250/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 76708 is 0.1% below its high of $1,587 in June 2026, at $1,586 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 76708 changed +1.8% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

What a typical income covers

30% of the median household income ($68,856) is $1,721 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,650).

Rank in Waco

5th cheapest of 5 ZIP codes in Waco.

Cheaper nearby

ZIP 76707, 6 miles away, rents for 16% less ($1,330/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 76708. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,032/yr

At $1,586/mo median

Location

CityWaco

StateTX

CountyMcLennan County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.8% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 76708 (Waco, TX) is majority owner-occupied, has a large share of families with children, 22.7% of residents hold a bachelor's degree or higher.

Population

27,790

Median income

$68,856

Median age

35.5

Renters

30.1%

Age distribution

26.1%

23.1%

13.3%

14.4%

Under 1826.1%

18–3423.1%

35–5423.1%

55–6413.3%

65+14.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

54.3%

13.3%

32.2%

White54.3%

Black13.3%

Hispanic32.2%

Asian2.1%

Education (25+)

14.5%

25.8%

37.1%

22.7%

No HS diploma14.5%

HS diploma25.8%

Some college37.1%

Bachelor's+22.7%

Housing tenure

69.9%

30.1%

Owner69.9%

Renter30.1%

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

2023 vs 2026

How ZIP 76708 in Waco, TX has changed in 5 years

Rent

$1,471 → $1,586

up 7.8%

Income

$57,349 → $68,856

up 20.1%

Population

26,155 → 27,790

up 6.3%

Renter share

37.2% → 30.1%

-7.1 pts

Bachelor's+

23.2% → 22.7%

-0.5 pts

Five years ago, renters in ZIP 76708 in Waco, TX paid around $1,471 a month. That figure now sits near $1,586, up 7.8% from the 2023 baseline. Household income in the area moved from $57,349 to $68,856 across the same window, up 20.1% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 76708 in Waco, TX adding about 1,635 residents over the five-year window, up 6.3% on net. The renter share has eased from 37.2% to 30.1%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 76708 in Waco, TX look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 76708

Last updated: October 17, 2026

ZIP code 76708 covers Waco, TX. The median rent here is $1,586/mo as of October 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,250/mo.

At 28% of local median household income ($68,856/yr), ZIP 76708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 76708?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,586/mo in ZIP 76708. The local median household income is $68,856/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 76708?

Rent in ZIP 76708 has risen 1.8% over the past year as of September 2026. It sits 0.1% below its high of $1,587 in June 2026.

How does ZIP 76708 compare to other ZIPs in Texas?

ZIP 76708 is in the middle among Texas ZIP codes for rent, ranking #343 of 693 at $1,586/mo. Over the year to September 2026, rent in ZIP 76708 changed +1.8%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.