Wichita Falls, TX—76306
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wichita Falls, TX
As of Oct '25, the median home price in Wichita Falls, TX is $134,000, with a year-over-year change of -1.9%. This indicates that home prices in Wichita Falls, TX are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $134,000 | -1.9% |
| Single Family | $133,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $37,000 | -26.0% |
2 Bed | $66,000 | -14.3% |
3 Bed | $144,000 | -2.0% |
4 Bed | $196,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wichita Falls, TX
As of July '25, Rentcast reports the average rent in Wichita Falls, TX is $1,260, with a year-over-year rent change of 16.7%. Per bedroom, the median rent as of July '25 in Wichita Falls, TX is studios: $550, 1-bedrooms: $730, 2-bedrooms: $901, 3-bedrooms: $1,300, 4-bedrooms: $2,040. The most common rental property sizes in Wichita Falls, TX are 3-bedroom and 2-bedroom, accounting for 39.9% and 33.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,260 |
| Studio Rent | $550 | $550 |
| 1 Bed Rent | $700 | $730 |
| 2 Bed Rent | $870 | $901 |
| 3 Bed Rent | $1,120 | $1,300 |
| 4 Bed Rent | $2,400 | $2,040 |
% of Rental Stock
Property Listings — Wichita Falls, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Wichita Falls, TX is 59. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $146,000 | -5.0% |
Listing Count | 57 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 59 | 20.0% |
Demographics — Wichita Falls, TX
As of the latest ACS Survey released in 2023, Wichita Falls, TX has a population of 14,500, which has decreased by -4.7% over the past 5 years. Wichita Falls, TX is a popular place for families, as children make up 29.5% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | -4.7% |
% Under 18 | 29.5% | 5.4% |
% Seniors | 13.1% | -6.4% |
% WFH | 6.3% | 425.0% |
% w/ College Degree | 20.6% | 10.2% |
As of the latest ACS Survey released in 2023, Wichita Falls, TX is a predominantly white area, with 58.1% of the population identifying as white. The white population has grown by 6.8% in the last 5 years. The second most common race or ethnicity in Wichita Falls, TX is hispanic, making up 20.7% of the population. Foreign-born residents account for 6.4% of the population in Wichita Falls, TX, and this percentage has decreased by 23.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.1% | 6.8% |
% Black | 17.4% | 6.1% |
% Hispanic | 20.7% | -13.0% |
% Asian | 2.0% | 0.0% |
% Foreign Born | 6.4% | -23.8% |
Mortgage and Risk — Wichita Falls, TX
According to HUD data as of 2023, there were 188 mortgage originations in Wichita Falls, TX, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Wichita Falls, TX. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Wichita Falls, TX
As of 2024, the percent of homes in Wichita Falls, TX under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wichita Falls, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 382 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $700 | $890 |
| 2 Bedroom | $220 | $870 | $1,090 |
| 3 Bedroom | $370 | $1,120 | $1,490 |
| 4 Bedroom | -$710 | $2,400 | $1,690 |
Affordability — Wichita Falls, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $134,000 |
| Median Household Income | $47,000 |