Falls County

Texas · Waco, TX metro area · 17,869 residents (2025 est.)

FHFA annual index 2002–2025Developmental county indexPermits through August 2026

Falls County (100 = first year)United States, rebased to the same startNBER recessionPeak before the latest index value

FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. FHFA describes its county indexes as developmental and subject to revision. The index does not give a dollar value for any home.

FHFA's index for Falls County, Texas, starts in 2002 and stood at 244 in 2025, +143.9% above its base of 100.

Over the ten years to 2025 the index rose +80.8% (+6.1% a year), below Texas at +88.2% and below the national +85.0%. The Waco, TX area rose +105.5%. The latest one-year change is +9.2%.

After a 2008 peak the index fell −7.9% to 2010 and regained the peak in 2011.

Builders were authorised for 8 housing units in the county in the 12 months to August 2026 (+14.3% on the previous 12 months), 0.4 units per 1,000 residents; 75% were single-family houses. Since 1995 the county has authorised 235 units, most in 2005.

+9.2%1 year, 2024–2025Texas +0.8%

+60.0%5 yearsUS +47.0%

+80.8%10 years+6.1% a year annualised

—since 2000US +158.3%

8units permitted, 12 months0.4 per 1,000 residents

Same span, four levels

Change in the FHFA index	Falls County	Waco area	Texas	United States
1 year (2024–2025)	+9.2%	+1.8%	+0.8%	+2.8%
5 years (2020–2025)	+60.0%	+49.5%	+43.5%	+47.0%
10 years (2015–2025)	+80.8%	+105.5%	+88.2%	+85.0%
20 years (2005–2025)	+140.6%	+153.0%	+147.8%	+79.1%
Since 2000	—	+219.2%	+195.2%	+158.3%
Since 2002	+143.9%	+190.1%	+170.4%	+129.7%
10-year annualised	+6.1%	+7.5%	+6.5%	+6.3%
20-year annualised	+4.5%	+4.8%	+4.6%	+3.0%

All columns are FHFA annual all-transactions indexes over the same years.

Decade by decade

Decade	Change		United States
2010s (2010–2020)	+34.0%		+35.5%
2020s so far (2020–2025)	+60.0%		+47.0%

FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (2002 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 2002 are not shown.

Peak-to-low declines

Peak	Low	Decline	Peak regained
2023	2024	−12.8%	not by 2025
2011	2012	−9.0%	2015
2008	2010	−7.9%	2011
2006	2007	−5.5%	2008

Building permits

Housing units authorised by building permits in Falls County, by month over the latest five years and by year since 1995.

Housing units authorised in Falls County by month, latest 12 monthssingle-family2+ unit buildings

Housing units authorised in Falls County by month, latest 60 monthssingle-family2+ unit buildings

Housing units authorised in Falls County by year, 1995–2025single-family2+ unit buildings

Permits, 12 months to August 2026	Falls County	Texas	United States
Housing units authorised	8	194,150	1,418,086
Units per 1,000 residents	0.4	6.1	4.1
Single-family share	75%	70%	63%
Change on previous 12 months	+14.3%	−10.8%	−0.1%
Units authorised since 1995	235	5,276,895	43,082,761

Population is the Census Bureau's vintage 2025 estimate. Permits authorise construction; they are not completions.

ZIP codes in Falls County

Ranked by ten-year change in the FHFA ZIP index. Where a ZIP's index ends before 2025, its spans end in that year.

ZIP	1 year	10 years	Since 2000	Index through	Years
76524	+6.5%	+115.2%	—	2025	22

Questions and answers

How much have home values in Falls County risen over 10 years?

The FHFA index for Falls County rose +80.8% from 2015 to 2025, about +6.1% a year. Over 20 years: +140.6%; since 2000: —.

How does Falls County compare with Texas and the United States?

Over the ten years to 2025: Falls County +80.8%, Texas +88.2%, United States +85.0%, Waco, TX +105.5%.

What happened to Falls County prices in 2008?

The index peaked in 2008 and fell −7.9% to 2010; it passed the peak again in 2011. The state index fell — over —–—.

How many homes are being built in Falls County?

8 housing units were authorised by building permits in the 12 months to August 2026 (6 single-family, 0 in buildings of five or more units), or 0.4 per 1,000 residents against 6.1 for Texas.

Where does this data come from?

The index is FHFA's annual county house price index (all-transactions, developmental), last updated March 31, 2026, with values through 2025. Permits are from the Census Bureau Building Permits Survey through August 2026; population is the Census Bureau's vintage 2025 estimate.

Provenance

Index: Federal Housing Finance Agency, annual house price index for counties (all-transactions, developmental), last updated March 31, 2026, values 2002–2025; metro, state and national comparisons from FHFA's annual indexes in the same release. Permits: Census Bureau Building Permits Survey, county and place files, through August 2026. Population: Census Bureau vintage 2025 estimates. ZIP assignment: 2020 ZCTA-to-county relationship file. Public domain throughout. Corrections · FHFA HPI datasets · Building Permits Survey.