Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$175,703+2.3% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$38,089About 0.6× the local median income ($67,037): affordable for a typical household
Days on market65 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Wichita Falls, TX is worth $175,703, up 2.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $170,055, so the area is 3.3% overvalued. It is a balanced market: homes take about 65 days to sell, listings are down 20% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $38,089 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,037. Typical rent is $1,305 a month, or $1,390 for a house. In the latest IRS figures, 298 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$175,703
Change in 1 year
+2.3%
Overvalued %
+3.3%
Show 7 more
Fair home value
$170,055
Change in 5 years
+20.4%
Zillow forecast, next 12 months
+2.3%
Home value to income
2.6×
Monthly mortgage payment (20% down)
$952
Income needed to afford it
$38,089
Property tax rate
1.57%
Rent and investing
Typical rent
$1,305
Typical rent for houses
$1,390
Price-to-rent ratio
11.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,145
Gross rental yield
8.91%
Cap rate (estimate)
5.79%
Market activity
Listings vs a year ago
−19.5%
Days on market
65
Listings with a price cut
17.9%
Show 3 more
Homes for sale
482
Pending sales per 100 listings
14
Asking price per sq ft
$125
People and jobs
Median household income
$67,037
Population change (1 year)
+0.0%
Unemployment rate
3.5%
Show 4 more
Population
149,448
Income adjusted for cost of living
$74,902
Net moves in (IRS)
−298
Cost of living (US = 100)
89.5
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
72.5
Flood risk score
71.6
Show 3 more
Wildfire risk score
91.8
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Wichita Falls, TX overvalued?
Home prices in Wichita Falls, TX are slightly above what local incomes have historically supported: fair value is about $170,055, so the area is 3.3% overvalued.
Is Wichita Falls, TX a buyer's or seller's market?
Wichita Falls, TX is a balanced market: homes take about 65 days to sell, listings are down 20% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Wichita Falls, TX?
Home values in Wichita Falls, TX are up 2.3% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Wichita Falls, TX?
A household needs about $38,089 a year to afford the typical home in Wichita Falls, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,037.