Around half of the municipal area of Waldzell is forested. The name Waldzell and around 50 field and place names (Brandstatt, Reith, Schwendt, Roderer and numerous names with the suffix -eck and -edt) still bear witness to the once completely wooded area.

The landscape in the Innviertel is hilly (522 m to 750 m above sea level). The village lies at the foothills of the Hausruck and Kobernaußerwald forests, which cover around 220 km². This forest is one of the largest closed forest areas in Central Europe.