HomeInsuranceQts

Home Insurance in Waco, Texas

Homes in Waco carry a median value of $221,700 - 9% lower than the McLennan County median.

The typical home in Waco was built around 1979. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 28% of homes were built before 1960, about 6 points above McLennan County's 21%.

The housing stock in Waco is 61% single-family homes, 27% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.

About 52% of owner-occupied homes in Waco have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

Waco has an owner-occupancy rate of 49% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.

In Waco, 67% of homes are primarily heated with electricity.

McLennan County had 968 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Relatively High). See the full McLennan County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

This area lists 46 licensed insurance agencies.

Key figures

Median home value$221,700
Median year built1979
Owner-occupied share49%
Share of owner-occupied homes with a mortgage52%
Top county hazardTornado (Relatively High)
Active NFIP policies in McLennan County968
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Waco, TX

Licensed insurance agencies in Waco

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29