Market Overview
Home Prices in Waco, KY
The median home value in Waco, KY is $254,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.2% compared to a year ago and up 9.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waco are priced38% below average. Waco is part of the Richmond-Berea, KY metro area.
Over the past five years, Waco home values have risen by approximately22.7%, reflecting strong long-term appreciation in this market.
Price History
Waco Home Price Trend
2020
$177,528
$178K
—
2021
$207,535
$208K
+16.9%
2022
$229,072
$229K
+10.4%
2023
$228,380
$228K
-0.3%
2024
$241,226
$241K
+5.6%
2025
$263,164
$263K
+9.1%
2026
$254,671
$255K
-3.2%
City Comparison
Waco vs. National Median
🏠 Waco
$254,671
National Median
$410,000
At $254,671, homes in Waco cost 38% below the national median of $410,000. This makes Waco a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waco?
20% Down Payment
$50,934
on $254,671
Monthly P&I
$1,328/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,687/mo
incl. taxes & insurance
Income Needed
$67,480
gross annual (30% rule)
10% Down Option
$25,467
+ PMI applies
Loan Amount (20% dn)
$203,737
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Waco, KY?
The median home value in Waco is $254,671 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.2% year-over-year.
How much have home prices changed in Waco?
Over the past year, home values in Waco have decreased by 3.2%. Over five years, prices have risen approximately 22.7%.
How much do I need to earn to buy a home in Waco?
To comfortably afford the median home price of $254,671 with a 20% down payment ($50,934) at today's rates (6.8%), you'd need a gross annual income of approximately $67,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Waco compare to the national average home price?
The national median home value is approximately $410,000. At $254,671, homes in Waco are 38% below the national average.
What metro area is Waco part of?
Waco is part of the Richmond-Berea, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.