Rental numbers for McLennan County, TX
The typical home here runs -$981 a month at 7.78% with 25% down. 1 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.8%.
- Gross yield
- 6.6%
- typical home, Zillow
- Median ZIP yield
- 7.8%
- 10 ZIPs with full data
- Cash flow
- -$981/mo
- at 7.78%, 25% down
- Typical price
- $263,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,434/mo
- Zillow ZORI, Aug 2026
ZIP codes in McLennan County
22 with published figures
| 76704Waco | $117,000 | $1,391 | 14.3% | 7.1% | +$59 | n/a |
| 76711Waco | $145,000 | $1,384 | 11.5% | 5.5% | -$117 | -0.5% |
| 76707Waco | $145,000 | $1,284 | 10.7% | 4.3% | -$258 | +3.0% |
| 76664Mart | $158,000 | $1,240* | 9.4% | 3.9% | -$333 | n/a |
| 76708Waco | $229,000 | $1,645 | 8.6% | 3.5% | -$564 | +1.9% |
| 76705Lacy-Lakeview | $214,000 | $1,395 | 7.8% | 3.1% | -$603 | +1.8% |
| 76655Lorena | $348,000 | $2,257 | 7.8% | 3.3% | -$915 | n/a |
| 76643Hewitt | $299,000 | $1,687 | 6.8% | 2.2% | -$1,054 | +1.7% |
| 76706Waco | $253,000 | $1,392 | 6.6% | 1.8% | -$991 | -2.5% |
| 76640Ross | $235,000 | $1,240* | 6.3% | 2.0% | -$873 | n/a |
| 76524Bruceville-Eddy | $267,000 | $1,350* | 6.1% | 1.9% | -$1,016 | n/a |
| 76682Riesel | $264,000 | $1,330* | 6.0% | 2.0% | -$978 | n/a |
| 76710Waco | $249,000 | $1,180 | 5.7% | 1.0% | -$1,137 | +5.3% |
| 76712Woodway | $351,000 | $1,643 | 5.6% | 1.4% | -$1,482 | +3.3% |
| 76701Waco | $313,000 | $1,440* | 5.5% | 1.3% | -$1,348 | n/a |
| 76691West | $300,000 | $1,240* | 5.0% | 1.1% | -$1,342 | n/a |
| 76657Mc Gregor | $333,000 | $1,360* | 4.9% | 1.0% | -$1,525 | n/a |
| 76630Bruceville-Eddy | $309,000 | $1,240* | 4.8% | 1.0% | -$1,401 | n/a |
| 76633China Spring | $411,000 | $1,640* | 4.8% | 1.4% | -$1,745 | n/a |
| 76689Valley Mills | $334,000 | $1,240* | 4.5% | 0.7% | -$1,601 | n/a |
| 76624Hallsburg | $356,000 | $1,240* | 4.2% | 0.3% | -$1,822 | n/a |
| 76638Crawford | $505,000 | $1,500* | 3.6% | 0.3% | -$2,611 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.2%
- Rent, 12 months
- +1.0%
- Rent minus price growth
- +0.8 pts
- Property tax
- 1.43%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $222,337 | $1,179 |
| Aug 2022 | $266,999 | $1,349 |
| Aug 2023 | $267,645 | $1,373 |
| Aug 2024 | $267,043 | $1,417 |
| Aug 2025 | $262,229 | $1,420 |
| Aug 2026 | $262,852 | $1,434 |
HUD Fair Market Rent
FY2027, Waco, TX HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $903 | $1,029 | $1,297 | $1,693 | $1,705 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 15.1
- 1,472 units, last 12 months
- National percentile
- 83th
- among US counties
Tools
Test a listing in McLennan County against today's rate.
Open the calculatorPart of the Waco, TX metro.
Questions
- Is McLennan County good for rental property?
- The typical home here runs -$981 a month at 7.78% with 25% down. 1 of 10 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in McLennan County?
- About 1.43% of value, from Census ACS median taxes paid over median home value. On a $263,000 home that is about $3,746 a year.
- What is Fair Market Rent in McLennan County?
- HUD's FY2027 Fair Market Rent here is $1,029 for a 1-bedroom, $1,297 for a 2-bedroom and $1,693 for a 3-bedroom. Typical cash flow at today's rate is -$981 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.