Wichita Falls, TX—76302
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 $183,000, with a year-over-year change of 1.0%. This indicates that home prices in Wichita Falls, TX are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 1.0% |
| Single Family | $183,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $103,000 | -4.6% |
3 Bed | $186,000 | 1.1% |
4 Bed | $246,000 | 1.7% |
| 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 $1,630, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Wichita Falls, TX is 1-bedrooms: $792, 2-bedrooms: $906, 3-bedrooms: $1,770, 4-bedrooms: $2,660. The most common rental property sizes in Wichita Falls, TX are 2-bedroom and 3-bedroom, accounting for 51.4% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $792 |
| 2 Bed Rent | $820 | $906 |
| 3 Bed Rent | $1,800 | $1,770 |
| 4 Bed Rent | $3,000 | $2,660 |
% 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 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $210,000 | 0.0% |
Listing Count | 49 | -8.0% |
| Listings as % of Homes | 0.6% | -8.0% |
Days on Market | 66 | 1.0% |
Demographics — Wichita Falls, TX
As of the latest ACS Survey released in 2023, Wichita Falls, TX has a population of 11,900, which has decreased by -8.7% over the past 5 years. Wichita Falls, TX is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | -8.7% |
% Under 18 | 20.8% | -15.4% |
% Seniors | 18.7% | 15.4% |
% WFH | 7.2% | 700.0% |
% w/ College Degree | 26.2% | 22.4% |
As of the latest ACS Survey released in 2023, Wichita Falls, TX is a predominantly white area, with 63.2% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Wichita Falls, TX is hispanic, making up 18.5% of the population. Foreign-born residents account for 7.0% of the population in Wichita Falls, TX, and this percentage has increased by 14.8% 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 | 63.2% | -3.7% |
% Black | 11.1% | 19.4% |
% Hispanic | 18.5% | -5.6% |
% Asian | 3.7% | 208.3% |
% Foreign Born | 7.0% | 14.8% |
Mortgage and Risk — Wichita Falls, TX
According to HUD data as of 2023, there were 170 mortgage originations in Wichita Falls, TX, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Wichita Falls, TX. Investor activity is low, as 4.0% 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 | 170 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% 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 31.7%. 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 | 647 |
Total Units Section 8 | 647 |
% Rentals under Section 8 | 31.7% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $795 | $940 |
| 2 Bedroom | $340 | $820 | $1,160 |
| 3 Bedroom | -$210 | $1,800 | $1,590 |
| 4 Bedroom | -$1,200 | $3,000 | $1,800 |
Affordability — Wichita Falls, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $183,000 |
| Median Household Income | $56,700 |