Real Estate in Wichita falls, TX
Updated 2026 • Housing market data from 8 zip codes • Redfin data through January 2026
📊 Wichita falls, TX Market Activity
The Wichita falls housing market shows a median sale price of $181,250, 1.0% higher than last year. The price per square foot is $124, below the national median of ~$215/sqft, up 6.0% year-over-year. Homes in Wichita falls spend a median of 72 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Wichita falls Rental Market
The average rent in Wichita falls, TX is $1,396 per month. A 2-bedroom apartment rents for approximately $937/month, while a 3-bedroom home averages $1,395/month.
📦 Wichita falls Housing Supply & Demand
There are 323 new listings and 431 active properties on the market.
🏆 Wichita falls Market Competitiveness
Homes in Wichita falls sell for an average of 90.0% of their asking price. About 1% of properties sell above list price, indicating relatively low bidding pressure.
On average, homes sell for 90.0% of the asking price
1% of sales closed above asking, % at or below
📋 Housing Overview
Wichita falls, TX Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 170000, the balance between renting (44%) and owning (56%), and a population of 102664 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $170,000 and average rents of $1,396/month, the median household income of $55,584 provides context for affordability in Wichita falls. Whether you're looking to buy property in Wichita falls or invest in Wichita falls real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $937/month, while a 3-bedroom house averages $1,395/month.
Economy & What Drives Wichita falls Real Estate
Real estate values in Wichita falls, TX are driven by local employment, school quality, and quality of life. The cost of living index of 62.5 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $55,584, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Wichita falls neighborhoods.
Pros & Cons
Pros
- •Friendly community
- •Kids' activities available
- •Diverse dining options
- •Nearby outdoor activities
- •Less traffic congestion
- •Good schools in area
- •Affordable housing
- •Growing job market
- •Low cost of living
- •Local events and festivals
Cons
- •Less cultural diversity
- •Political divisiveness noticeable
- •Higher crime rates reported
- •Limited public transportation
- •School funding concerns
- •Few entertainment options
- •Economic challenges persist
- •Nightlife options limited
- •Perception of racism issues
- •Extreme weather conditions
Frequently Asked Questions
What is the cost of living in Wichita falls, TX? ▼
The cost of living in Wichita falls, TX is 38% lower than the national average, with a cost of living index of 62 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Wichita falls, TX? ▼
In Wichita falls, TX, The median home price is $170,000. requiring approximately $79,286 annual income to afford. Average rent is $1,396/month (requiring ~$55,824/year income). The local median household income is $55,584, making homeownership attainable for typical residents. Explore Wichita falls real estate data →
Is Wichita falls, TX a safe place to live? ▼
Wichita falls, TX is an area where crime rates exceed the national average. The crime rate is 33.6 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Wichita falls crime statistics →
What salary do you need to live comfortably in Wichita falls, TX? ▼
To live comfortably in Wichita falls, TX and afford a median-priced home of $170,000, you would typically need a household income of $42,500 to $53,125 per year. The local median household income is $55,584. Renting requires approximately $55,824/year (at $1,396/month). See full affordability analysis →
Is Wichita falls, TX growing? ▼
Wichita falls, TX has a population of 102,664. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Wichita falls population demographics →
What are the best neighborhoods in Wichita falls, TX? ▼
The best neighborhoods in Wichita falls, TX depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $170,000 is below the national average. Explore Wichita falls on our interactive map →
What is the commute like in Wichita falls, TX? ▼
Commute times in Wichita falls, TX vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Wichita falls, TX? ▼
Tax rates in Wichita falls, TX include state and local components. The cost of living index of 62 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Wichita falls tax information →
How does Wichita falls, TX compare to nearby cities? ▼
Wichita falls, TX offers a more affordable alternative to nearby communities. With a cost of living index of 62, median home prices of $170,000, and a crime rate of 33.6 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Wichita falls, TX? ▼
Weather in Wichita falls, TX varies by season. Climate data varies by season. View detailed Wichita falls climate & environment data →
Is it better to rent or buy in Wichita falls, TX? ▼
With a median home price of $170,000 and average rents of $1,396/month, the price-to-rent ratio in Wichita falls is 10.2x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Wichita falls, TX? ▼
The median price per square foot in Wichita falls is $124, which is 42% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Wichita falls, TX? ▼
Homes in Wichita falls spend a median of 72 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Wichita falls, TX
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin