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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Waco, TX Housing Affordability Index

Waco, Texas has an MBR Housing Affordability Index score of 92.3 (Near National Average) as of October 30, 2026, ranking 1102nd most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $221,700 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $1,215, or 27% of the city’s $54,365 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Waco is updated every night from live Texas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Waco MBR-HAI 92.3 Near National Average
Rank in Texas 1,102 of 1,229 1 = most affordable
Texas 99.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Texas lenders
Median home value $221,700 U.S. Census Bureau

Waco is 6.9 points below the Texas score. Scores as of October 30, 2026. See the Texas index

View Waco Mortgage Rates

What It Takes to Buy in Waco

$1,215/mo
Principal & Interest
Median home, 20% down, 7.29%
$52,100
Income Needed
To keep the payment at 28% of income
$54,365
Median Household Income
Texas: $78,476
4.1x
Price-to-Income Ratio
Texas: 3.6x
$1,149/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,265/yr
Median Property Tax
1.92% of median value
30.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
54.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Waco, Texas. The rate is the Texas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Waco Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Waco, Texas score: 92.3 (Near National Average), ranked 1,102 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/waco”