Wichita Falls, TX—76301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wichita Falls, TX
As of Nov '25, the median home price in Wichita Falls, TX is $79,000, with a year-over-year change of -12.5%. This indicates that home prices in Wichita Falls, TX are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $79,000 | -12.5% |
| Single Family | $79,000 | -13.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $58,000 | -10.8% |
2 Bed | $65,000 | -16.7% |
3 Bed | $90,000 | -11.8% |
4 Bed | $119,000 | -7.8% |
| 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 $921, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Wichita Falls, TX is studios: $662, 1-bedrooms: $696, 2-bedrooms: $916, 3-bedrooms: $1,210, 4-bedrooms: $1,250. The most common rental property sizes in Wichita Falls, TX are 2-bedroom and 1-bedroom, accounting for 40.1% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $921 |
| Studio Rent | $625 | $662 |
| 1 Bed Rent | $695 | $696 |
| 2 Bed Rent | $900 | $916 |
| 3 Bed Rent | $1,050 | $1,210 |
| 4 Bed Rent | $800 | $1,250 |
% of Rental Stock
Property Listings — Wichita Falls, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Wichita Falls, TX is 106. This is a increase of 36.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $85,000 | -26.0% |
Listing Count | 75 | 28.0% |
| Listings as % of Homes | 0.4% | 28.0% |
Days on Market | 106 | 36.0% |
Demographics — Wichita Falls, TX
As of the latest ACS Survey released in 2023, Wichita Falls, TX has a population of 15,700, which has increased by 4.5% over the past 5 years. Wichita Falls, TX is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | 4.5% |
% Under 18 | 23.9% | -8.4% |
% Seniors | 14.9% | 11.2% |
% WFH | 6.1% | 281.2% |
% w/ College Degree | 12.6% | 2.4% |
As of the latest ACS Survey released in 2023, Wichita Falls, TX is a predominantly white area, with 39.6% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Wichita Falls, TX is hispanic, making up 37.8% of the population. Foreign-born residents account for 10.8% of the population in Wichita Falls, TX, and this percentage has increased by 22.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.6% | -11.0% |
% Black | 18.1% | -8.1% |
% Hispanic | 37.8% | 18.5% |
% Asian | 1.2% | 140.0% |
% Foreign Born | 10.8% | 22.7% |
Mortgage and Risk — Wichita Falls, TX
According to HUD data as of 2023, there were 78 mortgage originations in Wichita Falls, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Wichita Falls, TX. Investor activity is low, as 14.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Rentals and Section 8 — Wichita Falls, TX
As of 2024, the percent of homes in Wichita Falls, TX under the Section 8 program is 13.5%. 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. In Wichita Falls, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 692 |
Total Units Section 8 | 393 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $695 | $760 |
| 2 Bedroom | $40 | $900 | $940 |
| 3 Bedroom | $230 | $1,050 | $1,280 |
| 4 Bedroom | $650 | $800 | $1,450 |
Affordability — Wichita Falls, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $79,000 |
| Median Household Income | $41,800 |