The story of this market
The typical home in Wichita Falls, Texas sells for about $156,800, or $121 per square foot.
Homes take about 47 days to sell.
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
The Wichita Falls housing market remains stable with a median home value of $156,800 and a relatively short median time on market of 47 days. While the city shows modest population decline, the local economy is supported by stable employment in education and healthcare. Data gaps exist regarding current rental rates and specific property tax effective rates, reflecting a need for more granular local reporting.
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: median price diverges 25.3% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
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 3.7% · poverty 15.4% — 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 major recreational trail system that serves as a central greenway for the city, promoting outdoor activity and connectivity.
A prominent city park offering extensive green space, picnic areas, and recreational facilities that serve as a community anchor.
The historic core of the city, featuring local businesses, dining, and cultural venues that drive local economic activity.
Wichita Falls is well-suited for families and individuals seeking an affordable cost of living in a mid-sized city with established infrastructure and access to regional amenities.
The Wichita Falls Independent School District serves the city and holds a C rating, indicating a need for improvement in student performance and college/career readiness metrics.
The city is primarily car-dependent with an average commute time of approximately 16.4 minutes, reflecting its manageable size and layout.
The city offers a variety of outdoor amenities including the Wichita River Trail and Lucy Park, which provide significant green space and recreational opportunities for residents.
The rental market is characterized by a high vacancy rate compared to state and national averages, suggesting a surplus of available housing units relative to demand.
The economy is anchored by the education sector, notably Midwestern State University, and a diverse mix of regional services and healthcare providers.
The city serves as a regional hub with a stable economic base anchored by education and healthcare, though it faces modest population shifts.
Development efforts are currently focused on infrastructure modernization and the revitalization of the downtown core to enhance local property value.
Parcels are subject to levies from the Wichita Falls Independent School District, the city, and the county, with no major MUD/PID presence reported.
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).
Data retrieved from US Census Bureau QuickFacts and Data USA.
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. Source: NCES EDGE public school locations 2023-24.