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Woodway

Woodway

Located in Mclennan County

$424,583 Average Value
$186 Average Price per Sq Ft
108 Homes For Sale

One of Waco’s most popular suburbs

Woodway was home to just 250 residents until the 1950s, when a devastating tornado ripped through Waco, about 5 miles away. As demand grew for new construction and public improvements in the area, Woodway’s population grew, too. Now home to 9,000 people, the central Texas city is one of Waco’s most desirable suburbs, thanks to its top-notch schools and access to Lake Waco. “The main attraction there is the school district,” says Melissa Harrell, Realtor and owner of Onward Real Estate Team at Keller Williams Advantage. “It’s one of the top-ranked school districts in the state. They offer a ton of programs that appeal to varied interests, and they have a very strong STEM program.”

Woodway residents have many options when it comes to choosing their home.
Woodway residents have many options when it comes to choosing their home.
GreatSchools ranks Castleman Creek Elementary School above average for test scores.
GreatSchools ranks Castleman Creek Elementary School above average for test scores.
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A-plus for Midway Independent School District

Many families settle in Woodway for the schools alone. The Midway Independent School District earns an A-plus from Niche, which ranks it the 17th-best school district in Texas. The sole high school in the district, Midway High, also gets an A-plus from Niche while being recognized for its academics, athletics and music program. Education is also one of the city’s primary employment sectors.

Midway High School is a public school within Waco, TX.
Midway High School is a public school within Waco, TX.
Midway High School in Waco, TX gets an
Midway High School in Waco, TX gets an "A+" score on niche.
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Median home price higher than nearby Waco

Home prices in Woodway are higher than in Waco proper, likely owing to the allure of Midway ISD. The median home price is around $400,000, which is in line with the national median but significantly higher than Waco’s median price of $252,000. Prices start around $250,000 to $400,000 for single-family homes, but new construction and larger established builds might cost $450,000 to $600,000. Luxury homes near Lake Waco can sell for $1 million and up. Buyers in these areas should know that homes near the lake are at risk of flooding, which can increase insurance premiums. Woodway’s tornado risk is also significant, even by the Texas standard, which is higher than the national average.

There are many new builds available in Woodway.
There are many new builds available in Woodway.
Woodway house prices are higher than nearby Waco.
Woodway house prices are higher than nearby Waco.
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The jewel of Woodway

Woodway’s location on the banks of Lake Waco invites fishing, picnicking and scenic hikes. “That part of Waco is hilly and wooded, with a lot of mature trees,” Harrell says. Boaters can launch their watercraft from the ramp at Lakeside Park, formerly Woodway Park. A disc golf course offers a variety of shots, with some holes right next to the water. Bear Ridge Golf Club, a semi-private 18-hole course, can be found just west of the city off U.S. Route 84.

Carleen Bright Arboretum — “the jewel of Woodway” — blooms with lush botanical gardens, a meditation grove and a monarch butterfly habitat. Visitors might catch a scarlet glimpse of the city’s official bird, the cardinal, in the 16-acre space. The arboretum hosts events throughout the year, including a farmers market on the third Sunday of every month.

Lakeside Park is a short drive from Woodway residents.
Lakeside Park is a short drive from Woodway residents.
The beautiful meditation grove and butterfly habitat is located in Woodway.
The beautiful meditation grove and butterfly habitat is located in Woodway.
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A short drive to downtown Waco

Education and health care are major employers in town. Ascension Providence Hospital and Meadowlake Medical Center are about a mile away, just off West Highway 6. Downtown Waco is a 5-mile drive away via Route 84, which runs through the heart of town. Buses on the Waco Transit System stop along West Highway 6 and at nearby Richland Mall, but it’s faster to make the trip downtown by car. Waco Regional Airport, 10 miles away, makes daily flights to Dallas-Fort Worth. Since Woodway is roughly 100 miles south of Dallas, travelers might also opt to make the drive themselves. Austin, the state capital, is also about 100 miles away.

Waco Regional Airport is a short drive from Woodway.
Waco Regional Airport is a short drive from Woodway.
Woodway residents have the convenience of the local Hospital near them.
Woodway residents have the convenience of the local Hospital near them.
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Within a mile of Richland Mall

Shopping centers, big-box stores and restaurants line the Route 84 corridor, also known as Woodway Drive. Richland Mall, the biggest shopping center between Dallas-Fort Worth and Austin, is less than a mile away. Since downtown Waco is so close, residents also have easy access to Magnolia Market, the shopping complex owned by Chip and Joanna Gaines, local celebrities and hosts of "Fixer Upper" on HGTV.

Downtown Waco is home to the Magnolia Stores and Silos.
Downtown Waco is home to the Magnolia Stores and Silos.
Woodway residents usually opt for the local Richland Mall for their shopping needs.
Woodway residents usually opt for the local Richland Mall for their shopping needs.
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In the Central Texas Bible Belt

Waco and its suburbs are part of the Central Texas Bible Belt. First Woodway Baptist Church, Woodway United Methodist Church and St. Jerome Catholic Church are just a few of the many churches in the area.

Woodway churches are found all throughout of the famous Bible Belt.
Woodway churches are found all throughout of the famous Bible Belt.
Woodway United Methodist Church is an option for local residents.
Woodway United Methodist Church is an option for local residents.
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Woodway’s crime rates and other concerns

While the crime rate in Waco is higher than state and national numbers, the crime rate in Woodway is comparatively lower, especially when it comes to instances of violent crime. Additionally, the City of Waco Landfill occupies a sizable chunk of land in Woodway. Though officials expect the landfill to close by the end of 2025, it currently receives up to 1,000 tons of solid waste per day.

Adrienne Ryan
Written By
Adrienne Ryan
Debbie Giesbrecht
Photography Contributed By
Debbie Giesbrecht
Matt Ferguson
Video By
Matt Ferguson

Interested in learning more about homes in this area? Reach out to Kirk Regian, an experienced agent in this area.

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Woodway Housing Trends

Housing Trends

Median List Price
$440,000
Median Sale Price
$410,000
Median Single Family Sale Price
$420,990
Median Change From 1st List Price
1%
Last 12 months Home Sales
236
Median Home Sale Price YoY Change
-2%
Average Price Per Sq Ft
$186

Area Facts

Number of Homes
4,794
Number of Homes for Sale
108
Median Year Built
1983
Months of Supply
5.50
Average Single Family Home Size Sq Ft
2,326
Above the national average
1,927
Average Townhouse Size Sq Ft
2,196
Median Lot Size Sq Ft
13,503

Open Houses

  • Sunday, Nov 16
    Open Sun 2PM - 4PM

    2112 Ramada Dr, Woodway, TX 76712

    $244,900

    • 3 Beds
    • 2 Baths
    • 1,435 Sq Ft
    • 2112 Ramada Dr

    Open House Sunday November 16th 2pm-4pmDiscover your perfect retreat in the heart of Hewitt, TX. This charming 3-bedroom, 2-bathroom home is ideally situated within the highly sought-after Midway Independent School District. Step inside to find a spacious and inviting living area that effortlessly leads to a modern kitchen with all the amenities essential for your culinary adventures. The

    Shana Deskins Bentwood Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Woodway Has More Owners

Demographics

Total Population
9,885
Median Age
44
Population under 18
24.6%
On par with the national average
23.8%
Population over 65
27.7%
Above the national average
19.1%

Finances

Median Household Income
$111,921
Significantly above the national average
$79,601
Average Household Income
$138,116

Education and Workforce

High School Graduates
97%
College Graduates
58.1%
Above the national average
34.1%
Advanced Degrees
24.4%
Above the national average
13.3%
% Population in Labor Force
59.3%

Weather

Annual Precipitation
36''
Average Winter Low Temperature
36°F
Average Summer High Temperature
97°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

18 / 100

Car-Dependent

Walk Score®®

29 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Woodway
Kirk Regian
EG Realty
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