In Wichita Falls, a typical home is worth $156,800 and typical rent is $1,022 a month. Compared with all of Wichita County, typical household income is 5% lower and the share of households that own their home is 5 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $143,150 to $174,273.
Typical rent
$1,312a month
▲ 8.2% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $977 to $1,312.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wichita Falls is in Wichita County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wichita County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Vernon, the typical home value is $87,000: 45% less than in Wichita Falls ($156,800).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Wichita Falls rose 1.6%; in Texas, it fell 1.4%.
3
56% of households in Wichita Falls own their home, against 61% in Wichita County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Wichita Falls
What homes there are in Wichita Falls, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wichita Falls
Wichita County
Texas
United States
Kind of home: Wichita Falls and its comparisons
Measure
Wichita Falls
Wichita County
Texas
United States
Detached house
69%
72%
64%
61%
Attached house
2%
2%
3%
6%
Building of 2 to 4
9%
8%
5%
8%
Apartments (5 or more)
18%
15%
21%
19%
Mobile home
3%
4%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Wichita Falls (69%), but less so than in Wichita County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Wichita Falls
Wichita County
Texas
United States
Year built: Wichita Falls and its comparisons
Measure
Wichita Falls
Wichita County
Texas
United States
Before 1960
33%
31%
12%
26%
1960–1979
32%
32%
21%
24%
1980–1999
22%
22%
28%
25%
2000–2009
9%
10%
18%
14%
2010 or later
5%
6%
21%
11%
By age, homes in Wichita Falls look like those in Wichita County: the typical year built is 1972.
Much as in Wichita County, 60% of homes in Wichita Falls have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K30%
$100K–$200K33%
$200K–$300K20%
$300K–$500K12%
$500K–$750K3%
FHA limit: $541,287
$750K–$1M1%
$1M or moreUnreliable
Value of owner-occupied homes: Wichita Falls and its comparisons
Measure
Wichita Falls
Under $100K
30%
$100K–$200K
33%
$200K–$300K
20%
$300K–$500K
12%
$500K–$750K
3%
$750K–$1M
1%
$1M or more
Unreliable estimate
The FHA loan limit for Wichita County is $541,287, and about 96% of owner-occupied homes in Wichita Falls are worth less than that.
Monthly rent with utilities
Under the limitOver the limit
Under $5008%
$500–$99940%
$1,000–$1,49937%
HUD fair market rent, 2 bedrooms: $1,145
$1,500–$1,9999%
$2,000–$2,4994%
$2,500–$2,9991%
$3,000 or more1%
Monthly rent with utilities: Wichita Falls and its comparisons
Measure
Wichita Falls
Under $500
8%
$500–$999
40%
$1,000–$1,499
37%
$1,500–$1,999
9%
$2,000–$2,499
4%
$2,500–$2,999
1%
$3,000 or more
1%
HUD's 2-bedroom fair market rent (FMR) for Wichita County is $1,145: about 59% of rents in Wichita Falls are below it.
With a mortgage
$1,530 a month
Wichita County: $1,541 a month
Without a mortgage
$598 a month
Wichita County: $588 a month
Owners with a mortgage
50%
Wichita County: 49%
The typical cost for an owner with a mortgage in Wichita Falls is $1,530 a month, near the figure in Wichita County ($1,541).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wichita Falls+53%
Wichita County+54%
Texas+65%
United States+53%
Typical rent
Wichita Falls+29%
Wichita County+26%
Texas+34%
United States+33%
Typical household income
Wichita Falls+27%
Wichita County+31%
Texas+27%
United States+29%
Change since 2015–2019: Wichita Falls and its comparisons
Measure
Wichita Falls
Wichita County
Texas
United States
Typical home value
+53%
+54%
+65%
+53%
Typical rent
+29%
+26%
+34%
+33%
Typical household income
+27%
+31%
+27%
+29%
The typical home value in Wichita Falls rose 53% since 2015–2019, about the same as in Wichita County (54%).
Rents in Wichita Falls rose at about the same pace as in Wichita County: 29% since 2015–2019, against 26%.
To compare: typical income in Wichita Falls rose 27%; the home, +53%; the rent, +29%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wichita Falls and its comparisons
Measure
Wichita Falls
Wichita County
Texas
United States
Rental vacancy
10.8%
10.8%
7.7%
5.5%
Homeowner vacancy
2.0%
1.8%
1.1%
0.9%
More than one person per room
2.5%
2.3%
4.8%
3.4%
People per household
2.38
2.41
2.69
2.53
Drive alone
70%
73%
71%
69%
Carpool
12%
12%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
8%
7%
2%
3%
Work from home
7%
6%
14%
15%
Other means
2%
2%
2%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Wichita Falls look like those in Wichita County: the rental vacancy rate is 10.8%.
Much as in Wichita County, 2.5% of households in Wichita Falls have more than one person per room.
By size, households in Wichita Falls look like those in Wichita County: 2.38 people on average.
To get to work, 70% of workers in Wichita Falls drive alone; in Wichita County, 73%.
Do the math
What would you pay each month for a home in Wichita Falls?
A typical home is within reach of the typical income
We start with a typical home in Wichita Falls, worth $156,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Wichita Falls, which is $60,177 a year.
The calculator's FHA and conventional loan limits are those of all of Wichita County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wichita Falls. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,488 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,397
at 7.18% · 30 years
Loan amount
$153,960
Total interest
$221,512
Paid off in
November 2056
Includes $2,648 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,404 a month
Your payment · 28%
Tight
$1,404 to $1,805 a month
Hard
more than $1,805 a month
Compared with the typical household income in Wichita Falls ($60,177 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,043
Property tax
$220
Home insurance
$65
FHA mortgage insurance (MIP)
$69
You need at least $5,488 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,397; principal and interest $1,043.
The city and its county
Wichita Falls and Wichita County
Wichita Falls is in Wichita County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Wichita Falls
Map of Wichita County, Texas, with Wichita Falls marked. Around it, the neighboring counties.
Wichita Falls
Wichita County
Other cities with a page
Wichita Falls's own numbers
Typical home value
$156,800
Typical monthly rent
$1,022
Typical yearly household income
$60,177
Households that own their home
56%
Effective property tax rate
1.68%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wichita County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,145
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
4.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wichita County.
A typical home in Wichita Falls is worth $156,800: 2% above the county and 45% below Texas. With the typical household income in Wichita Falls ($60,177 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Wichita Falls2.6 years
Wichita2.4 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wichita County
According to FHFA’s house price index, home prices in Wichita County rose 85% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wichita County.
Yearly change in FHFA’s price index in Wichita County, 2016 to 2025
2016: +2.4% +2.4% 2016
2017: +2.9% +2.9% 2017
2018: +5.5% +5.5% 2018
2019: +5.3% +5.3% 2019
2020: +5.2% +5.2% 2020
2021: +14.0% +14.0% 2021
2022: +16.0% +16.0% 2022
2023: +3.6% +3.6% 2023
2024: +5.4% +5.4% 2024
2025: +4.1% +4.1% 2025
Change in FHFA’s price index in Wichita County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+4.1%
+0.8%
+2.9%
5 years (2020–2025)
+50%
+44%
+47%
10 years (2015–2025)
+85%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Wichita Falls next to Wichita County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Wichita Falls$156,800
Wichita$153,700
Texas$283,800
United States$332,700
Typical monthly rent
Wichita Falls$1,022
Wichita$1,006
Texas$1,403
United States$1,413
Typical yearly household income
Wichita Falls$60,177
Wichita$63,524
Texas$78,476
United States$80,734
See the full table
Wichita Falls next to Wichita County and Texas
Measure
Wichita Falls
Wichita County
Texas
U.S.
Typical home value
$156,800 ▲2% above the county
$153,700
$283,800
$332,700
Typical monthly rent
$1,022
$1,006
$1,403
$1,413
Typical yearly household income
$60,177 ▼5% below the county
$63,524
$78,476
$80,734
Households that own their home
56% ▼5 points below the county
61%
63%
65%
Typical yearly property tax
$2,633 ▲4% above the county
$2,522
$4,232
$3,119
Effective property tax rate
1.68% ▲0.04 points above the county
1.64%
1.49%
0.94%
Renters with high rent for their income
45%
45%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wichita County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Wichita Falls
For a typical $156,800 home in Wichita Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wichita Falls's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,397a month
Least cash to close
Down payment
$5,488
Cash to close
$10,192
Rate
7.18%
Mortgage insurance
FHA MIP · $69
Conventional, 5% down$1,368a month
Down payment
$7,840
Cash to close
$12,544
Rate
7.18%
Mortgage insurance
PMI · $74
Conventional, 20% down, no PMI$1,135a month
Down payment
$31,360
Cash to close
$36,064
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,280a month
Down payment
$23,520
Cash to close
$28,224
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wichita Falls
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,397
$5,488
$153,960
7.18%
FHA MIP · $69
$10,192
580
Conventional, 5% down
$1,368
$7,840
$148,960
7.18%
PMI · $74
$12,544
620*
Conventional, 20% down, no PMI
$1,135
$31,360
$125,440
7.18%
None
$36,064
620*
ITIN, 15% down (example)
$1,280
$23,520
$133,280
8.18%
None
$28,224
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Wichita Falls is $1,022 a month: about the same as the county. In Wichita Falls, 45% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Wichita County, by unit size. To pay the 2-bedroom one ($1,145 a month) without spending more than 30% of your income, you would need to earn $22.02 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wichita County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$839
$16.13
$33,560
1 bedroom
$949
$18.25
$37,960
2 bedrooms
$1,145
$22.02
$45,800
3 bedrooms
$1,542
$29.65
$61,680
4 bedrooms
$1,740
$33.46
$69,600
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Wichita Falls
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wichita Falls has 7 ZIP codes with their own.
For 2 bedrooms it runs from $1,030 in 76301 to $1,700 in 76311.
4 of the 7 are above the fair market rent for Wichita County ($1,145).
2-bedroom fair market rent in each of the 7 ZIP codes of Wichita Falls, beside the one for Wichita County. For 2 bedrooms it runs from $1,030 in 76301 to $1,700 in 76311. 4 of the 7 are above the fair market rent for Wichita County ($1,145).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,145
Lowest: $1,030 (76301)Highest: $1,700 (76311)
Fair market rent by ZIP code and size in Wichita Falls, fiscal year 2027.
76301
$750
$840
$1,030
$1,400
$1,590
76302
$840
$940
$1,140
$1,530
$1,730
76306
$810
$910
$1,100
$1,480
$1,670
76308
$920
$1,040
$1,250
$1,680
$1,900
76309
$840
$950
$1,150
$1,550
$1,750
76310
$890
$1,010
$1,220
$1,640
$1,850
76311
$1,250
$1,410
$1,700
$2,290
$2,580
ZIP code2 bd3 bd
76301 $1,030$1,400
76302 $1,140$1,530
76306 $1,100$1,480
76308 $1,250$1,680
76309 $1,150$1,550
76310 $1,220$1,640
76311 $1,700$2,290
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wichita Falls when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 22 buildings with rents for lower incomes in Wichita Falls. These are the largest.
AMP Number 1508A Calhoun St, Wichita Falls 76306204 low-income homes · Run by Housing Authority of Wichita Falls · Average payment: $345 a month · Average wait: 20 months(940) 723-8389
AMP Number 2201A Bailey Ave, Wichita Falls 76301188 low-income homes · Run by Housing Authority of Wichita Falls · Average payment: $276 a month · Average wait: 23 months · Homes at several sites(940) 723-8389
Tealwood Place Apts5300 Professional Dr, Wichita Falls 76302180 low-income homes · 1 bd: 36 · 2 bd: 84 · 3 bd: 60 · In service since 1996
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Wichita County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Wichita Falls or Wichita County. The ones below are statewide in Texas: they work in Wichita Falls the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
The HUD-approved agencies closest to the center of Wichita Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
FW
Fort Worth Area Habitat for Humanity Inc
9333 N Normandale St, Fort Worth · 101 miles away · Spanish
No legal help resource on our list is for Wichita Falls or Wichita County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Wichita Falls and all of Wichita County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Wichita Falls?
The typical home value in Wichita Falls is $156,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wichita County it is $153,700.
How much does it cost to rent in Wichita Falls?
Typical rent in Wichita Falls is $1,022 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wichita County is $1,145.
What is the FHA loan limit in Wichita Falls?
Wichita Falls uses the FHA limit for all of Wichita County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Wichita Falls?
The typical homeowner in Wichita Falls pays $2,633 a year, according to the U.S. Census Bureau. That is 1.68% of the home’s value; in Wichita County, the rate is 1.64%.
Where can I find free help to buy or rent in Wichita Falls?
We found no HUD-approved counseling agencies with an office in Wichita County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
