Market Overview
Home Prices in Woodway, TX
The median home value in Woodway, TX is $376,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Woodway are priced8% below average. Woodway is part of the Waco, TX metro area.
Over the past five years, Woodway home values have risen by approximately21.1%, reflecting strong long-term appreciation in this market.
Price History
Woodway Home Price Trend
City Comparison
Woodway vs. National Median
At $376,856, homes in Woodway cost 8% below the national median of $410,000. This makes Woodway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Woodway?
20% Down Payment
$75,371
on $376,856
Monthly P&I
$1,965/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,496/mo
incl. taxes & insurance
Income Needed
$99,840
gross annual (30% rule)
10% Down Option
$37,686
+ PMI applies
Loan Amount (20% dn)
$301,485
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 Woodway, TX?
The median home value in Woodway is $376,856 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Woodway?
Over the past year, home values in Woodway have increased by 0.7%. Over five years, prices have risen approximately 21.1%.
How much do I need to earn to buy a home in Woodway?
To comfortably afford the median home price of $376,856 with a 20% down payment ($75,371) at today's rates (6.8%), you'd need a gross annual income of approximately $99,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Woodway compare to the national average home price?
The national median home value is approximately $410,000. At $376,856, homes in Woodway are 8% below the national average.
What metro area is Woodway part of?
Woodway is part of the Waco, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.