Wichita Falls, TX—76309
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 $123,000, with a year-over-year change of -2.6%. This indicates that home prices in Wichita Falls, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $123,000 | -2.6% |
| Single Family | $124,000 | -3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $66,000 | 0.0% |
2 Bed | $75,000 | -10.7% |
3 Bed | $145,000 | -2.0% |
4 Bed | $282,000 | 2.5% |
| 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 $1,100, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Wichita Falls, TX is studios: $749, 1-bedrooms: $688, 2-bedrooms: $982, 3-bedrooms: $1,410, 4-bedrooms: $2,240. The most common rental property sizes in Wichita Falls, TX are 3-bedroom and 1-bedroom, accounting for 34.7% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $960 | $1,100 |
| Studio Rent | $749 | $749 |
| 1 Bed Rent | $650 | $688 |
| 2 Bed Rent | $960 | $982 |
| 3 Bed Rent | $1,150 | $1,410 |
| 4 Bed Rent | $2,150 | $2,240 |
% 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 66. This is a increase of 12.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $195,000 | 6.0% |
Listing Count | 71 | -1.0% |
| Listings as % of Homes | 0.7% | -1.0% |
Days on Market | 66 | 12.0% |
Demographics — Wichita Falls, TX
As of the latest ACS Survey released in 2023, Wichita Falls, TX has a population of 13,300, which has decreased by -2.6% over the past 5 years. Wichita Falls, TX is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -2.6% |
% Under 18 | 22.3% | -21.8% |
% Seniors | 18.5% | 18.6% |
% WFH | 5.8% | 205.3% |
% w/ College Degree | 23.9% | -4.0% |
As of the latest ACS Survey released in 2023, Wichita Falls, TX is a predominantly white area, with 58.4% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Wichita Falls, TX is hispanic, making up 28.7% of the population. Foreign-born residents account for 7.4% of the population in Wichita Falls, TX, and this percentage has decreased by 34.5% 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 | 58.4% | -6.1% |
% Black | 6.7% | 8.1% |
% Hispanic | 28.7% | 0.7% |
% Asian | 2.0% | 53.8% |
% Foreign Born | 7.4% | -34.5% |
Mortgage and Risk — Wichita Falls, TX
According to HUD data as of 2023, there were 190 mortgage originations in Wichita Falls, TX, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Wichita Falls, TX. Investor activity is low, as 6.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
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 1.5%. 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 | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $650 | $880 |
| 2 Bedroom | $120 | $960 | $1,080 |
| 3 Bedroom | $330 | $1,150 | $1,480 |
| 4 Bedroom | -$480 | $2,150 | $1,670 |
Affordability — Wichita Falls, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $123,000 |
| Median Household Income | $51,900 |