The story of this market
The typical home in ZIP 76637 sells for about $325,000, or $178 per square foot.
Prices are down 5.9% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $873 a month.
ZIP 76637 — Cranfills Gap
The housing market in 76637 is currently experiencing a cooling trend, with median prices around $325,000 and a year-over-year decline of 5.9%. High days on market and limited inventory reflect a rural market that is sensitive to broader economic shifts in the Waco region. Buyers should be prepared for a slower pace of sales and limited local amenities.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals comfortable with a remote, small-town environment.
Median prices moved down 5.9% year over year.
Homes spend a median of 70 days on market with 6.0 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 76637, Bosque County TX
Schools serving the area are primarily managed by the Cranfills Gap Independent School District, which maintains a small-town educational environment.
The area is subject to standard central Texas climate risks, including potential for severe thunderstorms and heat-related weather events.
Economic momentum is limited, with the area serving primarily as a rural residential hub within the broader Bosque County and Waco-adjacent region.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Commuting typically requires personal vehicle travel via rural highways to reach employment centers in larger nearby cities like Waco.
Local recreation is centered on rural outdoor activities, with limited immediate access to large-scale urban shopping or entertainment venues.
The rental market is characterized by low density and limited inventory, with rents reflecting the rural nature of the local economy.
The local economy is primarily agricultural and service-based, with residents often commuting to larger regional hubs for employment.
Public transit is not available; the area relies entirely on private vehicle transportation.
There are no major large-scale commercial or residential developments currently reported for this rural ZIP code.
The Bosque County Appraisal District manages property assessments for all parcels within the county.
Parcels are subject to Cranfills Gap ISD and Bosque County tax levies.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in central Texas.
Texas is a non-judicial foreclosure state with relatively fast timelines for lenders.
Texas law requires sellers to provide a written disclosure notice regarding the condition of the property.
Data derived from ZCTA-level census profiles and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Meridian State Park4.710.3 mi
- Meridian State Park4.710.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.