The story of this market
The typical home in ZIP 76301 sells for about $89,473, or $84 per square foot.
Prices are down 28.4% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $783 a month.
ZIP 76301 — Wichita Falls
The 76301 housing market is a value-oriented segment of Wichita Falls with high vacancy rates and lower median home prices compared to the broader region. Market activity is driven by investors seeking rehab opportunities, though high poverty rates and older housing stock present ongoing challenges for the area.
This ZIP is primarily suited for value-oriented investors and budget-conscious buyers looking for entry-level housing, as the area offers some of the most affordable price points in the region.
Median prices moved down 28.4% year over year.
Homes spend a median of 69 days on market with 3.5 months of supply — a fast-moving market.
50% of listings have cut prices · homes sell at 95% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 27.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical -12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 76301, Wichita County TX
Crime rates in Wichita Falls are generally higher than the national average, with property crime being the most frequently reported issue in urban ZIP codes like 76301.
Schools serving the 76301 area are part of the Wichita Falls Independent School District, which faces challenges regarding student performance and resource allocation compared to suburban districts.
The area is subject to standard North Texas climate risks, including severe thunderstorms, high winds, and occasional tornado activity, which influence property insurance premiums.
Economic momentum is driven by the Wichita Falls regional hub, with major employment anchors in healthcare, education, and the nearby Sheppard Air Force Base.
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).
Residents in 76301 benefit from a central location with short drive times to major employment centers within Wichita Falls, typically averaging under 15 minutes.
The area provides access to local parks and community centers, with proximity to the Wichita River trail system and downtown shopping and dining districts.
The rental market in 76301 is characterized by high vacancy rates and a significant share of older, value-add housing stock, making it a focus for local investors.
The economy is anchored by Sheppard Air Force Base, Midwestern State University, and a robust healthcare sector serving the broader North Texas region.
The area is served by a network of local arterials and is proximate to US-287 and US-82, facilitating regional connectivity.
Development efforts are focused on downtown revitalization and infrastructure improvements within the city core.
The Wichita Central Appraisal District manages property valuations for all taxing entities within the county.
Parcels are subject to Wichita Falls ISD, Wichita County, and city-level tax jurisdictions.
Property insurance costs are influenced by regional exposure to wind and hail damage common in the North Texas plains.
Data sourced from US Census Bureau and Repit market reports.
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.
- Castaway Cove Waterpark4.10.9 mi
- Plex Entertainment45.1 mi
- Boomtown Bay Family Aquatic Center4.313.5 mi
- Urban Air Trampoline and Adventure Park3.72.9 mi
- Chuck E. Cheese4.14.7 mi
- MPEC4.41.6 mi
- 8th St. Coffee House4.61.1 mi
- Memorial Stadium4.46.7 mi
- River Bend Nature Center4.62.2 mi
- Half Pint Taproom & Restoration Hall4.51.1 mi
- Lake Arrowhead State Park4.411.1 mi
- Lucy Park4.42.5 mi
- Castaway Cove Waterpark4.10.9 mi
- Cinemark Wichita Falls 144.52.8 mi
- River Bend Nature Center4.62.2 mi
- River Bend Nature Center4.62.2 mi
- Kemp Center for the Arts (Arts Council WF)4.80.7 mi
- Wichita Falls Museum of Art4.63.4 mi
- Museum of North Texas History4.61.1 mi
- Kell House Museum4.71.2 mi
- Lake Arrowhead State Park4.411.1 mi
- Lucy Park4.42.5 mi
- River Bend Nature Center4.62.2 mi
- Lake Wichita Park4.55.8 mi
- Hamilton Park4.52.2 mi
- Sikes Senter3.83.8 mi
- Ross Dress for Less43.9 mi
- T.J. Maxx4.43.8 mi
- Sheppard Main Exchange4.35 mi
- Burlington4.44.1 mi
- Wichita Falls Regional Airport3.94.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational trail system serving the city.
The central business district offering local retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.