Wichita Falls housing market
Typical home value
$176K
▲ 2.3% 1 yr
Typical rent
$1,305/mo
▲ 7.9% 1 yr
12-month forecast
+2.3%
#232 of 546 metros
Gross rent yield
8.9%
#18 of 546 · U.S. 6.3%
Days to pending
78 days
▼ −8 days 1 yr
Listings with a price cut
22%
▼ −0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $175,703, up 2.3% in a year and up 20% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,305/mo (+7.9% YoY), a 8.9% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $966/mo in principal and interest, $339 less than renting.
- 5Homes go under contract in 78 days (−8 days vs last year); 22% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #277 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Wichita Falls compares
| Measure | Wichita Falls | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.3% | +1.2% | #268 |
| Home value, 5-yr change | +20.4% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #232 |
| Rent, 1-yr change | +7.9% | +2.7% | #36 |
| Gross rent yield | 8.9% | 6.3% | #18 |
| Price-to-rent ratio | 11.2 | 15.8 | |
| Mortgage P&I on typical home | $966 | $2,012 | |
| Income needed to buy | $53,791 | $100,902 | |
| Days to pending | 78 | 56 |
Cities in the Wichita Falls metro
1 cities with home value and rent data.
| Wichita Falls | $174K | ▲ 1.6% | $1,312 | ▲ 8.2% | 9.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Wichita Falls rental ($176K, $1,305/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Wichita Falls home.
Rent vs buy
Is it cheaper to rent or buy in Wichita Falls?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
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$358K home$1,659 rent5.6% yield
▼ 2.0% 1 yr
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$303K home$1,638 rent6.5% yield
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San Antonio, TX
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Austin, TX
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McAllen, TX
$189K home$1,119 rent7.1% yield
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El Paso, TX
$233K home$1,521 rent7.8% yield
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Killeen, TX
$248K home$1,308 rent6.3% yield
▼ 1.5% 1 yr
Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.