Wichita Falls, TX—76310
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 $245,000, with a year-over-year change of 1.3%. This indicates that home prices in Wichita Falls, TX are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 1.3% |
| Single Family | $247,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 2.0% |
3 Bed | $216,000 | 1.9% |
4 Bed | $329,000 | 1.9% |
| 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 $2,010, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Wichita Falls, TX is studios: $1,400, 1-bedrooms: $857, 2-bedrooms: $1,190, 3-bedrooms: $1,900, 4-bedrooms: $2,400. The most common rental property sizes in Wichita Falls, TX are 1-bedroom and 3-bedroom, accounting for 34.4% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,010 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $740 | $857 |
| 2 Bed Rent | $1,120 | $1,190 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | $2,420 | $2,400 |
% 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 26.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $306,000 | 8.0% |
Listing Count | 104 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 59 | 26.0% |
Demographics — Wichita Falls, TX
As of the latest ACS Survey released in 2023, Wichita Falls, TX has a population of 19,400, which has increased by 5.4% over the past 5 years. Wichita Falls, TX is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,400 | 5.4% |
% Under 18 | 23.6% | -4.5% |
% Seniors | 17.3% | 4.2% |
% WFH | 7.6% | 153.3% |
% w/ College Degree | 34.9% | 10.1% |
As of the latest ACS Survey released in 2023, Wichita Falls, TX is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 9.8% in the last 5 years. The second most common race or ethnicity in Wichita Falls, TX is hispanic, making up 12.8% of the population. Foreign-born residents account for 6.1% of the population in Wichita Falls, TX, and this percentage has decreased by 1.6% 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 | 70.2% | -9.8% |
% Black | 6.5% | 85.7% |
% Hispanic | 12.8% | 9.4% |
% Asian | 5.0% | 13.6% |
% Foreign Born | 6.1% | -1.6% |
Mortgage and Risk — Wichita Falls, TX
According to HUD data as of 2023, there were 339 mortgage originations in Wichita Falls, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Wichita Falls, TX. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 339 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 17.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 375 |
Total Units Section 8 | 375 |
% Rentals under Section 8 | 17.7% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $740 | $980 |
| 2 Bedroom | $80 | $1,120 | $1,200 |
| 3 Bedroom | -$260 | $1,900 | $1,640 |
| 4 Bedroom | -$560 | $2,420 | $1,860 |
Affordability — Wichita Falls, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $245,000 |
| Median Household Income | $83,600 |