76656
Waco, Texas
Waco 76656 needs watching.
The 76656 ZIP code in Waco, Texas has a median sale price of $45K, down N/A year-over-year. Homes spend an average of 153 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 76656.
The 76656 ZIP code presents a significantly distressed market with a median sale price of $44,950, substantially below metro Waco averages. Properties are sitting for 153 days before finding buyers, triple the typical market velocity for comparable Texas submarkets. With zero homes selling above list price and flat year-over-year pricing, the data indicates persistent seller capitulation and extremely limited buyer competition in this micro-market.
This environment strongly favors cash buyers and value-oriented investors who can absorb the 153-day liquidity timeline and negotiate aggressively below ask. The $44,950 entry point creates opportunities for rental conversions or land banking strategies where carrying costs remain minimal. Sellers face headwinds across all metrics and should anticipate extended marketing periods with limited negotiating leverage given the complete absence of bidding activity.
The PropIQ score of 37 signals deteriorating fundamentals that warrant significant caution before capital deployment. This rating suggests potential issues with local employment, property conditions, or demographic shifts that are suppressing both pricing power and transaction velocity. Investors should monitor whether days-on-market extends beyond 180 and if the flat pricing pivots to negative territory, which would indicate further market contraction ahead.
What is the median home price in 76656 Waco?
The median sale price in 76656 is $45K, down N/A year-over-year as of 2026-02-28.
How long do homes stay on the market in Waco 76656?
Homes in 76656 Waco spend an average of 153 days on market before going under contract.
Is Waco 76656 a good place to invest in real estate?
Folio's PropIQ™ score for 76656 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 76656?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 37 = Caution in 76656 Waco, Texas.