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ZIP Code · TX

ZIP 76708

Part of Waco, TX
Pop. 27,790·McLennan County·379th most expensive ZIP in Texas
Median rent (all units)
$1,560/mo
Year-over-Year
+2.0%
Month-over-Month
+4.2%
vs US Median
-$405
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 76708 · $1,560
More affordable than 69% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$18,720/yr
At $1,560/mo median
Location
CityWaco
StateTX
CountyMcLennan County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.0% YoY, +4.2% 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%
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

2021 vs 2026

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

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

Household income in the area moved from $57,349 to $68,856 across the same window, up 20.1% versus 2021. 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.

Community

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Local insights

Tips for renters in ZIP 76708

About renting in ZIP 76708

Last updated: July 20, 2026

ZIP code 76708 covers Waco, TX. The median rent here is $1,560/mo as of July 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,250/mo.

At 27% of local median household income ($68,856/yr), ZIP 76708 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 76708?

As of July 20, 2026, the median monthly rent in ZIP 76708 (Waco, TX) is $1,560. This is based on aggregated data from public sources and community submissions.

How does ZIP 76708 rent compare to the US average?

ZIP 76708's median rent of $1,560/mo is $405 (21%) below the US national median of $1,965/mo.

How does ZIP 76708 compare to other ZIPs in Texas?

ZIP 76708 falls in the middle range for Texas, ranking #379 out of 689 ZIPs at $1,560/mo.

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 $62,000/year (~$30/hour full-time) to afford the median rent of $1,560/mo in ZIP 76708. The local median household income is $68,856/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 76708?

Rent in ZIP 76708 has increased 2.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 76708 an affordable place to rent?

ZIP 76708 is considered affordable for renters. At $1,560/mo, rent takes approximately 27% of the local median household income ($68,856/yr). The standard benchmark is 30%. ZIP 76708 falls comfortably within that range.

What percentage of ZIP 76708 residents rent vs. own?

According to Census data, approximately 30.1% of ZIP 76708 households are renters, while 69.9% are owner-occupied. ZIP 76708 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 76708 compare to the rest of Waco?

ZIP 76708 is pricier than Waco as a whole. At $1,560/mo, it's $191 above the Waco citywide median of $1,369/mo.

When was rent data for ZIP 76708 last updated?

Rent data for ZIP 76708 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,560/mo, rent takes ~27% of ZIP 76708's median household income ($68,856/yr). The standard benchmark is 30%.

ZIP 76708 27%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 76708 (Waco, TX)

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