Land and home values in McLennan County, Texas
McLennan County (metro core, Waco, TX) covers 1,037 square miles and 58 census tracts. Residential land is about $3.61 per sq ft at the county median, from $1.96 in its most rural tracts to $6.21 in its most valuable. The typical home is worth about $233,000 and a 2-bedroom rents for about $1,300 a month, as of October 12, 2026.
Open on the satellite mapAll of TexasCounty values
| Land: residential | $3.61 | per sq ft |
| Land: residential | $157,426 | per acre |
| Land: quarter-acre lot | $39,356 | 10,890 sq ft |
| Land: farmland | $7,100 | per acre |
| Home: typical (median) | $233,000 | value |
| Home: entry-level | $171,000 | lower quartile |
| Home: upper-end | $309,000 | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $1,040 | per month |
| Rent: 2-bedroom | $1,300 | per month |
| Rent: 3-bedroom | $1,680 | per month |
| Rent: 4-bedroom | $1,740 | per month |
| Gross yield, 2-bed | 6.7% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 6 | $5.44 | $388,000 | $1,600 |
| Upper | 13 | $4.21 | $299,000 | $1,440 |
| Mid | 19 | $3.11 | $227,000 | $1,250 |
| Entry | 17 | $2.40 | $141,000 | $1,220 |
| Rural | 3 | $3.61 | $390,000 | $1,940 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Village at Castle Park | Subdivision | $5.38 | $362,000 |
| Village at Castle Bluff | Subdivision | $5.35 | $361,000 |
| Village at Castle Park | Subdivision | $5.30 | $358,000 |
| Village at River Lake East | Subdivision | $5.30 | $358,000 |
| Oso Verde Student Living | Subdivision | $5.29 | $168,000 |
| Village at Windstone Court | Subdivision | $5.29 | $358,000 |
| Chapel Ridge | Subdivision | $5.27 | $357,000 |
| Village at Kings Row | Subdivision | $5.26 | $355,000 |
Questions people ask
How much is land worth in McLennan County, TX?
Residential land in McLennan County, TX is about $3.61 per square foot, or $157,426 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $39,356. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in McLennan County, TX?
The typical (median) home in McLennan County, TX is worth about $233,000, with entry-level homes around $171,000 and upper-end homes around $309,000, as of October 2026.
How much is rent in McLennan County, TX?
A 2-bedroom rents for about $1,300 a month in McLennan County, TX, a 1-bedroom about $1,040 and a 3-bedroom about $1,680 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in McLennan County, TX?
Farmland averages about $7,100 an acre in McLennan County, TX (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.