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Image 1 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

Image 2 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

Image 3 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

Image 4 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

Image 5 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

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Image 7 - 5501 Orchard Ln, Waco, Texas, 76705 - House for sale

Home For Sale In Waco, Texas

5501 Orchard Ln, Waco, Texas, 76705

Home For Sale In Waco, Texas

house for sale

Listed: 06/07/24

5501 Orchard Ln, Waco, Texas, 76705

3 Bed:

1 Bath:

1,008 Sq Ft Living Area:

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Price

$ 162,000

Price: Lower

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About This House

Welcome to 5501 Orchard Ln, Waco, TX 76705! This property is a diamond in the rough, offering an exceptional investment opportunity for those with a vision. Set on a massive 1.84-acre lot, this property is ideal for developers and investors looking to capitalize on the growing development in the area. Although the existing home needs some TLC, the true value lies in the land. With the rapid development and increasing demand for housing in Waco, this lot presents a unique chance to build multiple properties, creating a lucrative investment portfolio. This is your chance to transform this large lot into a highly profitable development project!

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Original listing

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Waco Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$293,660 (+6.3%)
May 2024	$276,268 (+1.3%)
Apr 2024	$272,828 (0%)
Mar 2024	$272,828 (0%)
Feb 2024	$272,828 (0%)
Jan 2024	$272,828 (-1.7%)

In June 2024, the asking price for 3 bed houses for sale in/near Waco, United States averaged $293,660, an increase of 6.3% from the previous month.

Median price trends for properties for sale in Waco, United States as of June 2024.

Household Income

Median household income: $36,004

Number of households: 47,675

The average household income in Waco, TX grew from $34,099 to $36,004 in the past year. This data is an estimate based upon 47,675 households in Waco, TX.
The chart below presents how household income is distributed in Waco, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Waco, TX compared to median property taxes around the country. The prevalent amount of property taxes in Waco, TX equals $3k+ , which is less than the national average.