Wichita Falls
Texas · Ranked #22 of 373 metros
93Affordable
💡
Housing in Wichita Falls costs 2.7× the median income, below the national average of 4.5×. The median home price is $172K and median rent is $954/month. Wichita Falls ranks #22 of 373 metros for affordability.
Median Home Price
🏠$172K
Need $51K income
Median Rent
🔑$954
Need $38K income
Building Permits
🔨239
annual
Median Income
💰$64K
Pop: 144,210
Rent Burden
⚠️16.8%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Wichita Falls | National |
|---|---|---|
| Price-to-Income Ratio | 2.7x | 6.1x |
| Rent Burden | 16.8% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +59.5%Since 2000: +166.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$831/mo
1 Bedroom$925/mo
2 Bedroom$1,136/mo
3 Bedroom$1,553/mo
4 Bedroom$1,759/mo
Zillow Market Data
Home Value (ZHVI)
$170K
1yr: -0.9%5yr: +31.7%
Rent (ZORI)
$1,258/mo
1yr: +5.1%5yr: +37.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$130K
Active Inventory
35
Days on Market
135
Sold Above List
0.0%
Price Drops
11.4%