In Woodway, a typical home is worth $370,500 and typical rent is $1,653 a month. Compared with all of McLennan County, typical household income is 73% higher, the typical home value is 52% higher, and the share of households that own their home is 29 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $315,793 to $365,674.
Typical rent
$1,618a month
▲ 7.1% more than 12 months ago
Typical rent from Zillow, June 2023 to September 2026: from $1,458 to $1,618.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Woodway is in McLennan County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of McLennan County. See the county
What this place has that others do not, from public data, most unusual first.
1
91% of households in Woodway own their home, against 62% in McLennan County.
2
The typical household income in Woodway is $115,108,73% more than in McLennan County as a whole ($66,643).
3
Nearby, in Bellmead, the typical home value is $155,100: 58% less than in Woodway ($370,500).
4
The typical home in Woodway is worth $370,500,52% more than in McLennan County as a whole ($243,600).
5
Nearby, in Lacy-Lakeview, the typical rent is $917: 45% less than in Woodway ($1,653).
6
The typical rent in Woodway is $1,653 a month, 41% more than in McLennan County as a whole ($1,173).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Woodway
What homes there are in Woodway, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Woodway
McLennan County
Texas
United States
Kind of home: Woodway and its comparisons
Measure
Woodway
McLennan County
Texas
United States
Detached house
94%
67%
64%
61%
Attached house
Unreliable estimate
2%
3%
6%
Building of 2 to 4
Unreliable estimate
7%
5%
8%
Apartments (5 or more)
Unreliable estimate
18%
21%
19%
Mobile home
Unreliable estimate
5%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses, standing on their own, make up 94% of homes here, against 67% in McLennan County.
Year built
Before 19601960–19791980–19992000–20092010 or later
Woodway
McLennan County
Texas
United States
Year built: Woodway and its comparisons
Measure
Woodway
McLennan County
Texas
United States
Before 1960
4%
21%
12%
26%
1960–1979
52%
24%
21%
24%
1980–1999
22%
25%
28%
25%
2000–2009
8%
12%
18%
14%
2010 or later
14%
17%
21%
11%
The typical home in Woodway was built in 1978, 5 years before the typical one in McLennan County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K23%
$300K–$500K47%
$500K–$750K13%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Woodway and its comparisons
Measure
Woodway
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
23%
$300K–$500K
47%
$500K–$750K
13%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,49921%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Woodway and its comparisons
Measure
Woodway
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
21%
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$2,201 a month
McLennan County: $1,805 a month
Without a mortgage
$893 a month
McLennan County: $678 a month
Owners with a mortgage
57%
McLennan County: 53%
The typical cost for an owner with a mortgage in Woodway is $2,201 a month, more than in McLennan County ($1,805); without one, $893.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Woodway+71%
McLennan County+71%
Texas+65%
United States+53%
Typical rent
WoodwayNo clear change
McLennan County+35%
Texas+34%
United States+33%
Typical household income
Woodway+29%
McLennan County+34%
Texas+27%
United States+29%
Change since 2015–2019: Woodway and its comparisons
Measure
Woodway
McLennan County
Texas
United States
Typical home value
+71%
+71%
+65%
+53%
Typical rent
No clear change
+35%
+34%
+33%
Typical household income
+29%
+34%
+27%
+29%
The typical home value in Woodway rose 71% since 2015–2019, about the same as in McLennan County (71%).
Since 2015–2019, the typical rent in Woodway did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Woodway and its comparisons
Measure
Woodway
McLennan County
Texas
United States
Rental vacancy
Unreliable estimate
4.8%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.1%
0.9%
More than one person per room
Unreliable estimate
3.2%
4.8%
3.4%
People per household
2.55
2.64
2.69
2.53
Drive alone
82%
78%
71%
69%
Carpool
Unreliable estimate
10%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
12%
10%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
A household in Woodway has 2.55 people on average, about the same as in McLennan County (2.64).
The car rules in Woodway: 82% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Woodway?
A typical home is tight for the typical income
We start with a typical home in Woodway, worth $370,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Woodway, which is $115,108 a year. For that payment to be 28% of income, a household would need to earn about $138,709 a year.
The calculator's FHA and conventional loan limits are those of all of McLennan County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Woodway. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $12,968 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,237
at 7.18% · 30 years
Loan amount
$363,789
Total interest
$523,407
Paid off in
November 2056
Includes $6,257 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,686 a month
Tight
$2,686 to $3,453 a month
Your payment · 34%
Hard
more than $3,453 a month
Compared with the typical household income in Woodway ($115,108 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,464
Property tax
$454
Home insurance
$154
FHA mortgage insurance (MIP)
$164
You need at least $12,968 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,237; principal and interest $2,464.
The city and its county
Woodway and McLennan County
Woodway is in McLennan County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Woodway
Map of McLennan County, Texas, with Woodway marked. Around it, the neighboring counties.
Woodway
McLennan County
Other cities with a page
Woodway's own numbers
Typical home value
$370,500
Typical monthly rent
$1,653
Typical yearly household income
$115,108
Households that own their home
91%
Effective property tax rate
1.47%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of McLennan County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,297
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
2.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of McLennan County.
A typical home in Woodway is worth $370,500: 52% above the county and 31% above Texas. With the typical household income in Woodway ($115,108 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Woodway3.2 years
McLennan3.7 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in McLennan County
According to FHFA’s house price index, home prices in McLennan County rose 105% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of McLennan County.
Yearly change in FHFA’s price index in McLennan County, 2016 to 2025
2016: +7.3% +7.3% 2016
2017: +7.6% +7.6% 2017
2018: +7.8% +7.8% 2018
2019: +5.3% +5.3% 2019
2020: +5.4% +5.4% 2020
2021: +13.5% +13.5% 2021
2022: +20.6% +20.6% 2022
2023: +5.2% +5.2% 2023
2024: +2.0% +2.0% 2024
2025: +1.2% +1.2% 2025
Change in FHFA’s price index in McLennan County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+1.2%
+0.8%
+2.9%
5 years (2020–2025)
+49%
+44%
+47%
10 years (2015–2025)
+105%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Woodway next to McLennan County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Woodway$370,500
McLennan$243,600
Texas$283,800
United States$332,700
Typical monthly rent
Woodway$1,653
McLennan$1,173
Texas$1,403
United States$1,413
Typical yearly household income
Woodway$115,108
McLennan$66,643
Texas$78,476
United States$80,734
See the full table
Woodway next to McLennan County and Texas
Measure
Woodway
McLennan County
Texas
U.S.
Typical home value
$370,500 ▲52% above the county
$243,600
$283,800
$332,700
Typical monthly rent
$1,653 ▲41% above the county
$1,173
$1,403
$1,413
Typical yearly household income
$115,108 ▲73% above the county
$66,643
$78,476
$80,734
Households that own their home
91% ▲29 points above the county
62%
63%
65%
Typical yearly property tax
$5,451 ▲57% above the county
$3,471
$4,232
$3,119
Effective property tax rate
1.47% ▲0.05 points above the county
1.42%
1.49%
0.94%
Renters with high rent for their income
54% ▼3 points below the county
57%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below McLennan County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Woodway
For a typical $370,500 home in Woodway, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Woodway's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,237a month
Least cash to close
Down payment
$12,968
Cash to close
$24,083
Rate
7.18%
Mortgage insurance
FHA MIP · $164
Conventional, 5% down$3,169a month
Down payment
$18,525
Cash to close
$29,640
Rate
7.18%
Mortgage insurance
PMI · $176
Conventional, 20% down, no PMI$2,616a month
Down payment
$74,100
Cash to close
$85,215
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,959a month
Down payment
$55,575
Cash to close
$66,690
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Woodway
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,237
$12,968
$363,789
7.18%
FHA MIP · $164
$24,083
580
Conventional, 5% down
$3,169
$18,525
$351,975
7.18%
PMI · $176
$29,640
620*
Conventional, 20% down, no PMI
$2,616
$74,100
$296,400
7.18%
None
$85,215
620*
ITIN, 15% down (example)
$2,959
$55,575
$314,925
8.18%
None
$66,690
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Woodway is $1,653 a month: 41% above the county. In Woodway, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of McLennan County, by unit size. To pay the 2-bedroom one ($1,297 a month) without spending more than 30% of your income, you would need to earn $24.94 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in McLennan County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$903
$17.37
$36,120
1 bedroom
$1,029
$19.79
$41,160
2 bedrooms
$1,297
$24.94
$51,880
3 bedrooms
$1,693
$32.56
$67,720
4 bedrooms
$1,705
$32.79
$68,200
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Woodway
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Woodway is in ZIP code 76712.
For 2 bedrooms it is $1,520: $223 more than the fair market rent for McLennan County ($1,297).
Fair market rent by ZIP code and size in Woodway, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
76712
$1,060
$1,210
$1,520
$1,980
$2,000
ZIP code2 bd3 bd
76712 $1,520$1,980
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Woodway when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in McLennan County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Woodway or McLennan County. The ones below are statewide in Texas: they work in Woodway the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Woodway or McLennan County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Woodway and all of McLennan County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Woodway?
The typical home value in Woodway is $370,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in McLennan County it is $243,600.
How much does it cost to rent in Woodway?
Typical rent in Woodway is $1,653 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in McLennan County is $1,297.
What is the FHA loan limit in Woodway?
Woodway uses the FHA limit for all of McLennan County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Woodway?
The typical homeowner in Woodway pays $5,451 a year, according to the U.S. Census Bureau. That is 1.47% of the home’s value; in McLennan County, the rate is 1.42%.
Where can I find free help to buy or rent in Woodway?
There are 2 HUD-approved counseling agencies with an office in McLennan County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
