$424,728Average Value$186Average Price per Sq Ft78Homes 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.
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 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.
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.
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.
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.
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 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.
Written By
Adrienne Ryan
Photography Contributed By
Debbie Giesbrecht
Video By
Matt Ferguson
Interested in learning more about homes in this area?
Reach out to
Gaye Lynn Rast,
an experienced agent in this area.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
On average, homes in Woodway, TX sell after 76 days on the market compared to the national average of 53 days. The median sale price for homes in Woodway, TX over the last 12 months is $399,999, down 5% from the median home sale price over the previous 12 months.
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