The story of this market
The typical home in Wichita Falls, Texas sells for about $215,000, or $128 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,100 a month.
Monthly price momentum
Home values since 2015
+1.1%
TX · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Wichita Falls, Texas
Wichita Falls maintains an accessible and stable residential housing market, characterized by median price levels around $215,000 and relatively moderate transaction velocity. Strong defense and healthcare anchors provide constant rental demand, while broad regional affordability keeps entry barriers low despite higher statewide borrowing and tax pressures.
No ARED county foreclosure postings attributed to Wichita Falls yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 3.5% year over year.
Homes spend a median of 70 days on market with 2.5 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 70.63% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 13.9% — a stable, low-distress profile.
- Castaway Cove Waterpark4.12.2 mi
- Plex Entertainment45.1 mi
- Boomtown Bay Family Aquatic Center4.312.3 mi
- Urban Air Trampoline and Adventure Park3.72.6 mi
- Chuck E. Cheese4.14.8 mi
- MPEC4.40.3 mi
- 8th St. Coffee House4.60.2 mi
- Memorial Stadium4.46.6 mi
- River Bend Nature Center4.61.1 mi
- Half Pint Taproom & Restoration Hall4.50.3 mi
- Lake Arrowhead State Park4.412.3 mi
- Lucy Park4.41.4 mi
- Castaway Cove Waterpark4.12.2 mi
- Cinemark Wichita Falls 144.52.7 mi
- River Bend Nature Center4.61.1 mi
- River Bend Nature Center4.61.1 mi
- Kemp Center for the Arts (Arts Council WF)4.80.6 mi
- Wichita Falls Museum of Art4.63.6 mi
- Museum of North Texas History4.60.1 mi
- Kell House Museum4.70.5 mi
- Lake Arrowhead State Park4.412.3 mi
- Lucy Park4.41.4 mi
- River Bend Nature Center4.61.1 mi
- Lake Wichita Park4.55.9 mi
- Hamilton Park4.52.5 mi
- Sikes Senter3.83.8 mi
- Ross Dress for Less43.8 mi
- T.J. Maxx4.43.8 mi
- Sheppard Main Exchange4.33.9 mi
- Burlington4.44 mi
- Wichita Falls Regional Airport3.93.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A 178-acre park along the Wichita River offering disc golf, paved walking trails, duck ponds, and access to the reconstructed waterfall attraction.
Spans over 230 acres providing boat ramps, fishing piers, hiking trails, and open green spaces along Lake Wichita.
A downtown arts and dining corridor containing antique stores, local breweries, and cultural venues like the Kemp Center for the Arts.
Multipurpose entertainment complex hosting sporting events, concerts, rodeos, and consumer trade expos.
Wichita Falls fits military transferees, value-oriented cash-flow real estate investors seeking affordable yields, and local downsizers or retirees looking for low-cost living with comprehensive regional amenities.
Public education is primarily anchored by Wichita Falls ISD, which recently completed a major consolidation into two new high school campuses (Legacy and Memorial). Performance ratings across campuses range from average to competitive, with specialty programs such as the Career Education Center showing strong local engagement.
Vehicular transit dominates the market, with Interstate 44 serving as the north-south artery connecting north to Oklahoma City and south via US-287 to the Dallas-Fort Worth metroplex. Commutes within city limits are remarkably fluid, typically taking under 15 minutes.
Residents have access to Lake Wichita Park, Lucy Park along the Wichita River, the Wichita River Trail system, and municipal golf courses like Champions Course at Weeks Park. The revitalized downtown Depot Square district hosts community festivals, breweries, and farmers markets.
Rental demand is heavily sustained by military rotations at Sheppard AFB, university students at Midwestern State, and medical staff at United Regional Health Care. Cap rates remain attractive for cash-flow investors due to low entry acquisition costs, though rent growth remains low single digits.
The economy is predominantly government-, healthcare-, and defense-driven. Sheppard Air Force Base acts as the single largest economic driver, employing thousands of military and civilian workers, supported by major regional employers such as United Regional Health Care System and Midwestern State University.
Economic momentum is stable and anchored by Sheppard Air Force Base, Midwestern State University, and regional healthcare systems. Growth is moderate rather than rapid, supported by industrial expansion in manufacturing and aerospace support services along the I-44 corridor.
City planning efforts are centered on infill development, revitalization of the downtown core, and modernization of aged water and utility infrastructure. Moderate greenfield development continues along southern and southwestern arterial corridors.
Residential parcels within the city fall under Wichita Falls ISD, the City of Wichita Falls, Wichita County, and special assessment entities including the Wichita County Water Improvement District No. 2.
Wichita Falls experiences higher overall property and violent crime rates than both Texas and national averages, largely concentrated in central and historic core neighborhoods. Suburban pockets in the southwest and surrounding Lake Wichita report comparatively lower incident frequencies.
The city sits in a semi-arid zone with elevated exposure to severe convective storms, high straight-line winds, hail, and periodic flash flooding along the Wichita River basin. Severe drought cycles represent the dominant long-term environmental concern, occasionally impacting municipal water reservoir levels.
Property insurance rates reflect Texas-wide hail, thunderstorm, and tornado convective storm risks, although absent the tropical wind/surge premiums seen in coastal Texas counties.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Retrieved from U.S. Census Bureau QuickFacts and Place Profile data for Wichita Falls city, Texas.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.