There are currently 34,312 real estate properties in Wichita Falls, TX, with a median automated valuation model (AVM) price of $157,126.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wichita Falls, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wichita Falls, TX, is $187,076.00, with the most expensive house in Wichita Falls, TX, topping out at $16,414,500.00 and the cheapest home in Wichita Falls, TX, clocking in at $10,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Wichita Falls, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wichita Falls, TX, is on a rollercoaster ride. The average rent price in Wichita Falls, TX, is $1,119.00. Indeed, when looking to rent in Wichita Falls, TX, you can expect to pay as little as $450.00 or as much as $3,220.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Wichita Falls, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Wichita Falls is located in Wichita, Texas, with an estimated municipal population of 104,683 residents. All of the best foreclosed homes for sale in Wichita Falls are located in the following zip code areas on Foreclosure.com: 76308 76310 76311 76309 76306 76305 76302 76301 76307. The estimated population per square kilometer (.62 miles) in Wichita Falls is 561.
So, about how much do homes cost in Wichita Falls? The most recent median value of resident-owned homes in Wichita Falls is 102,353. An estimated 56.3 percent of households in Wichita Falls own their homes, with an average family size of 3.06. The median household income in Wichita Falls is 47,476, with18.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wichita Falls, the median commute time of resident workers (in minutes) is 14.4. And last, but certainly not least, are you looking for homes to rent in Wichita Falls? If so, the average rent price paid by renters in Wichita Falls is 794, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wichita Falls, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Wichita Falls is 33.1, split between 52.8 percent male versus 47.2 female. The percentage of residents who report being married in Wichita Falls is 42.1, with an average family size of 3.06.
The percentage of residents who report their race in Wichita Falls is as follows:
| White | 75.6% |
| Black / African American | 12.6% |
| Asian | 2.8% |
| American Indian / Alaskan Native | 0.9% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 3.6% |
| Other | 4.4% |
Looking for family-friendly neighborhoods in and/or near Wichita Falls? Or maybe you are searching for 55+ active adult communities in and/or near Wichita Falls?
The percentage of residents who report their age in Wichita Falls is as follows:
| Under 10 | 12.9% |
| Aged 10-19 | 14.3% |
| 20s | 18.6% |
| 30s | 13% |
| 40s | 11% |
| 50s | 11.7% |
| 60s | 8.9% |
| 70s | 5.6% |
| 80+ | 4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wichita Falls with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wichita Falls.
How do you know that living in -- or moving to -- Wichita Falls is right where you need to be? Perhaps you grew up in Wichita Falls or already live nearby; therefore, the decision to buy a home in Wichita Falls is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wichita Falls for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wichita Falls:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wichita Falls.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wichita Falls can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wichita Falls, meanwhile, can field multiple offers from more qualified buyers.
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