Market Overview
Home Prices in Wichita Falls, TX
The median home value in Wichita Falls, TX is $178,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 0.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wichita Falls are priced57% below average. Wichita Falls is part of the Wichita Falls, TX metro area.
Over the past five years, Wichita Falls home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Wichita Falls Home Price Trend
City Comparison
Wichita Falls vs. National Median
At $178,137, homes in Wichita Falls cost 57% below the national median of $410,000. This makes Wichita Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wichita Falls?
20% Down Payment
$35,627
on $178,137
Monthly P&I
$929/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,180/mo
incl. taxes & insurance
Income Needed
$47,200
gross annual (30% rule)
10% Down Option
$17,814
+ PMI applies
Loan Amount (20% dn)
$142,510
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Wichita Falls, TX?
The median home value in Wichita Falls is $178,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Wichita Falls?
Over the past year, home values in Wichita Falls have increased by 1%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Wichita Falls?
To comfortably afford the median home price of $178,137 with a 20% down payment ($35,627) at today's rates (6.8%), you'd need a gross annual income of approximately $47,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Wichita Falls compare to the national average home price?
The national median home value is approximately $410,000. At $178,137, homes in Wichita Falls are 57% below the national average.
What metro area is Wichita Falls part of?
Wichita Falls is part of the Wichita Falls, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.