Waco Homes under $500,000

Welcome to Waco, Texas – a vibrant city nestled in the heart of McLennan County, where Southern charm meets modern living. Known for its rich history, picturesque landscapes, and a thriving cultural scene, Waco offers the perfect blend of small-town warmth and urban amenities. With a population of around 140,000, this dynamic city is home to renowned attractions such as the Magnolia Market at the Silos, the Dr. Pepper Museum, and the beautiful Cameron Park, which boasts miles of scenic trails and stunning views of the Brazos River.

For those looking to plant roots in this enchanting city, Waco's real estate market has something for everyone – especially for first-time homebuyers and families seeking affordability. With an array of homes available under $500,000, you can find your dream abode without breaking the bank. Whether you’re searching for a charming bungalow, a spacious family home, or a modern townhouse, Waco offers a diverse selection of properties that cater to various lifestyles and preferences.

Imagine enjoying the warmth of a Texas sunset on your front porch or hosting barbecues in your backyard, all while being just a stone’s throw away from local parks, shopping, and dining. Waco's strong sense of community and friendly atmosphere make it an ideal place to live, work, and play. With its affordable housing options and a wealth of opportunities for growth and connection, Waco is truly a hidden gem waiting for you to discover. Come explore the possibilities and find your perfect home in this delightful city!

Newest Waco Homes under $500,000

$245,000

3 Beds ⋅ 2 Baths ⋅ 21382798 MLS

Welcome to this well-cared-for three-bedroom, two-bathroom home on Century Drive in the sought-after Midway ISD. Warm and inviting, it offers a comfortable place to settle in and make it your own. The former garage is currently used for storage in a man cave. It could be converted back into a garage. Out back, a well-maintained above-ground pool adds a fun spot to enjoy the Texas sunshine. Come and see the care that's gone into this home. Not to mention a spare bedroom was utilized as a craft room where shelves were built in; however can easily be removed.

1920 Century Dr, Waco

$199,900

4 Beds ⋅ 2 Baths ⋅ 21414361 MLS

Investment Opportunity – Income-Producing Duplex! Excellent opportunity to add an income-producing property to your investment portfolio! This duplex features two separate units, each offering 2 bedrooms, 1 bathroom, and a functional floor plan designed for comfortable everyday living. Both units feature granite countertops, a combination of luxury vinyl plank flooring and carpet, central air conditioning, and individual laundry hookups for added convenience. Each unit also offers its own private entrance and dedicated parking space. With active leases already in place, this property presents an attractive opportunity for investors seeking an established rental property with immediate income potential. It is also available as part of a larger investment portfolio with MLS 21409129 and MLS 21409264.

2316 Mckenzie Ave Unit 18, Waco

$204,000

3 Beds ⋅ 2 Baths ⋅ 21414728 MLS

HUD #513-273940. Searching for a property near shopping, schools and transportation in Waco? Well you've found it at 3129 Fadal! Step inside this cozy 3 bedroom, 2 bath home with an open kitchen and living area. Entertain guests in the light and bright living room that's open to the kitchen. Prepare dinner or a sweet treat in the kitchen with adjacent dining area. Relax in the primary suite with ensuite bath. Host guests in the secondary bedrooms and bath. Out back you can relax on the back deck and enjoy the backyard. Come and see it today! Managed by Raine & Company LLC. Available to owner occupants, non-profits, and government entities only until 10-30-2026 11:59:59PM CT.

3129 Fadal Ave, Waco

$274,900

3 Beds ⋅ 2 Baths ⋅ 21413132 MLS

Welcome to Your Brand New Home! Step into this beautifully built 3-bedroom, 2-bath new construction home offering 1,414 square feet of thoughtfully designed living space. Curb appeal starts at the front, with a newly paved driveway, a charming covered front porch, and a fresh sodded yard. Inside, an open-concept layout welcomes you with luxury vinyl plank flooring throughout and recessed lighting across all the open living areas. The home is also foam insulated, helping keep it comfortable and energy efficient year-round. The kitchen is the heart of the home, featuring custom cabinetry, black granite countertops, and a spacious island with barstool seating and built-in electrical outlets, perfect for everyday meals, entertaining, or working from home. A walk-in pantry gives you plenty of room for storage. The primary suite includes a walk-in closet, and both bathrooms are finished with black granite countertops and a tile tub shower combo. Out back, enjoy a fully fenced, private backyard with a covered patio and mature trees for extra shade, an ideal spot for relaxing, grilling, or gathering with friends and family. Brand new, move-in ready, and packed with quality finishes. Schedule your showing today!

1912 Morrow Ave, Waco

$249,000

3 Beds ⋅ 2 Baths ⋅ 21406322 MLS

This inviting 3 bedroom, 2 bathroom home offers just over 1400 square feet of comfortable living space with a functional layout designed for everyday living. The property features a two car garage and a large fenced backyard, providing plenty of room for the kids, pets, or relaxing with family and friends. Located inside the China Spring ISD, this home offers a wonderful combination of comfort, space and convenience. Whether you are a first time home buyer or a growing family, this property is ready for new owners.

12312 Micah Dr, Waco

$259,900

4 Beds ⋅ 2 Baths ⋅ 21413575 MLS

Welcome home to comfort, space, and everyday convenience in a peaceful Waco neighborhood! This well-maintained 4-bedroom, 2-bath home offers a functional layout designed to make the most of every space, with an inviting living area and comfortable living for the whole family. Step outside to a generously sized backyard with endless possibilities—perfect for weekend barbecues, entertaining guests, gardening, or simply unwinding outdoors. Additional features include a two-car garage and gutters for added practicality. Conveniently located near local amenities while offering the quiet atmosphere of an established neighborhood, this home is the perfect blend of comfort, functionality, and location. Move-in ready and full of potential, this inviting home is ready for you to make it your own! New floors. HVAC 1yr, Roof 2yrs.

2104 Ruidoso Dr, Waco

$155,000

3 Beds ⋅ 1 Baths ⋅ 21412776 MLS

GREAT OPPORTUNITY! This 3-bedroom, 1-bathroom is located on a corner lot and is full of upgrades! The front porch of 1200 Proctor Avenue exudes charm and is ready to welcome you in to enjoy all the home has to offer. From the inside out, this house has been updated! Don't miss the new roof (2025), a new HVAC (2022), spray foam under the home, new main electrical box, and much more. Showcasing beautiful crown molding, fantastic built-ins in the primary bedroom, and a well-maintained space, this home is ready for new owners. The two sheds in the backyard convey with the sale and offer ample storage. Located within 5 minutes of the Brazos River, 10 minutes of Downtown Waco, and offering easy access to I35 - the location of this property can't be beat. Don't miss out on this must-see prospect!

1200 Proctor Ave, Waco

$249,900

3 Beds ⋅ 2 Baths ⋅ 21414460 MLS

Centrally located and ready for new memories to be made. Resting on a generous almost third of an lot, this home features a substantial 30x30 RV cover, offering exceptional utility for storage or outdoor entertaining. Interior highlights include rich, original hardwood floors and elegant handcrafted wainscoting in the formal living and dining area, showcasing high-quality detail throughout with lots of natural lighting. Designed for versatile living, the floor plan includes two distinct living areas, perfect for both daily relaxation and larger family gatherings. The centerpiece of the home is a wood-burning fireplace, providing the perfect ambiance for the season ahead. This property offers a unique opportunity to own a home with character and abundant outdoor space. Schedule your private tour today.

4401 Harlan Ave, Waco

$275,000

6 Beds ⋅ 2 Baths ⋅ 21414422 MLS

INVESTOR SPECIAL – EXCEPTIONAL OPPORTUNITY IN WACO! Bring your vision and creativity to 1710 West Avenue! This two-story duplex offers approximately 3,134 square feet with a spacious floor plan featuring 3 bedrooms, 1 bathroom, a kitchen, living room, and dining room on each level, totaling 6 bedrooms and 2 bathrooms. Additional features include a fireplace and an extended driveway providing ample parking. Situated in an established Waco neighborhood, this property offers convenient access to Downtown Waco, Baylor University, Magnolia Market at the Silos, Cameron Park Zoo, the Dr Pepper Museum, and the scenic Brazos Riverwalk. Enjoy nearby shopping, dining, entertainment, and cultural attractions. With its generous square footage and dual-level configuration, this property presents an opportunity for investors looking to renovate, restore, and maximize its potential as an income-producing property. Property requires significant renovations and is being sold AS-IS. An opportunity to reimagine this property and bring new life to its next chapter!

1710 West Ave, Waco

$449,000

3 Beds ⋅ 3 Baths ⋅ 21414370 MLS

Welcome to 600 Harvest Lane in McGregor, TX! This beautifully remodeled 3 bedroom, 2.5 bath home offers 1,906 square feet of thoughtfully updated living space, luxury finishes, and an incredible backyard retreat! The stunning kitchen steals the show with genuine quartzite countertops, an oversized 10 foot island, custom soft close cabinetry, a stylish backsplash, built in wine rack, and motion sensor faucet. Throughout the home, you’ll find luxury vinyl plank flooring, updated trim and baseboards, and modern LED lighting. The inviting living area features a wood-burning fireplace, while the primary suite offers two closets and an updated bathroom with a remodeled shower, LED mirrors, and new windows. Step outside and enjoy your own backyard oasis! A volleyball lap pool was added in 2024, creating the perfect space for entertaining, exercising, or relaxing. The covered patio, mature pecan trees, beautiful live oak, flowering trees, and low maintenance landscaping add to the outdoor appeal. Situated on a corner lot with a double gate, this property also features a detached two car garage with a single garage door, heating and cooling, and 220V electrical service ideal for a workshop, hobby space, or home gym. Gym equipment in it can convey. Extensively remodeled, beautifully maintained, and packed with upgrades, this home offers the lifestyle you’ve been looking for!

600 Harvest Ln, Waco

$329,900

3 Beds ⋅ 2 Baths ⋅ 21414343 MLS

Welcome to 3318 Mitchell Avenue, a sprawling ranch-style home nestled on an oversized, tree-shaded lot in the heart of Waco! This is no ordinary brick ranch. This home offers character, space, and a wealth of possibilities for making it your own. Step inside to a welcoming, spacious entry that opens to the kitchen on the left and an expansive living room on the right. The generously sized kitchen offers plenty of room for meal preparation and entertaining, while the adjoining dining area features abundant built-in storage along the back wall and ample space for a large dining table that's perfect for gatherings. Toward the rear of the home, you'll find a dedicated office or study, along with convenient access to the carport. The impressive living room is a true highlight, featuring dual sliding glass doors that flood the space with natural light and open onto the back porch. Add in a striking brick fireplace and a stylish wet bar, and you have a wonderful setting for relaxing or entertaining in style! The spacious primary suite offers a comfortable retreat, complete with an oversized primary bath. Two additional bedrooms provide flexibility, while a second full bath serves the needs of the household. One of the secondary bedrooms boasts its own brick fireplace, adding even more character and charm. Step outside and discover even more to love! A custom water fountain creates a distinctive focal point in the backyard, while two outbuildings offer exciting possibilities. One could potentially be transformed into additional living quarters for extended family or guests, while the other provides valuable storage space. Whether you're envisioning a workshop, hobby space, extra storage, or a place to accommodate changing needs, the possibilities are plentiful!

3318 Mitchell Rd, Waco

$449,000

4 Beds ⋅ 2 Baths ⋅ 21410650 MLS

Love where you live. This well-maintained 4-bed, 2-bath home with an additional dedicated office space and tremendous curb appeal is packed full of recent upgrades: a new HVAC (2024), new roof (2025), enhanced landscaping (2025), new interior and exterior paint (2026), and newly stained fence with partial replacement (2026). Beyond your front door, the Village at Kings Row subdivision located within Twin Rivers boasts community-focused living with access to a pool, tennis and pickleball courts, fitness center, playground, event space, and scenic walking paths around the lake. Space to work, room to grow, and a community you’ll actually enjoy all located within the highly rated Midway school district.

329 Edinburgh Ln, Waco

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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Waco Homes under $500,000

Newest Waco Homes under $500,000

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