Real Estate Investing in Wichita Falls, Texas (76301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76301 (Wichita Falls, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.8% of homes vacant — above national norms.
- Elevated poverty: 27.9% poverty rate — can affect rent collection.
- Lower household income: $36,250 median — tenant affordability is tighter.
What’s happening in Wichita Falls, TX (76301)?
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Market Analysis: 76301 Wichita Falls
The 76301 ZIP in Wichita Falls is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $82K are approachable, and upside sits in the rehab line.
Value-add is the defining thesis in 76301. Homes trade near $82K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
Relative to TX, 76301 reads as a working-capital ZIP — prices below average, renter share elevated at 49%, and room for operator-led upside.
A renter-heavy, wage-earner demographic anchors 76301. Value-add players rely on that mix — the 49% share is both the tenant source and the buyer pool for future owner-occupied exits.
The solid opportunity in 76301 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Wichita Falls:
Property Strategy for 76301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $57,563 | $810 | 10.1% | +4.3% | $57,563 |
| 2BR | $63,521 | $1,000 | 11.3% | +3.5% | $31,760 |
| 3BR | $89,099 | $1,360 | 11.0% | +5.4% | $29,700 |
| 4BR | $119,343 | $1,540 | 9.3% | +6.3% | $29,836 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76301 Compare?
| Metric | 76301 | Wichita Falls | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $82,131 | $127,700 | N/A | $297,000 |
| 5-Year CAGR | 2.8% | 4.7% | N/A | 5.4% |
| Avg Rent | $1,024 | $1,254 | N/A | - |
| Cap Rate | 9.7% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76301 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,131 |
| Monthly Rent | $1,024 |
| Price-to-Rent | 6.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.0% |
| Cap Rate | 9.7% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.7%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76301
Population: 15,727
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 76301
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
FAIN EL
BROOK VILLAGE EARLY CHILDHOOD
PAINT ROCK FRONTIER ACADEMY
SOUTHERN HILLS EL
CAREER EDUCATION CENTER
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Wichita Falls, TX?
Typical homes in Wichita Falls, TX go for around $82K. The 5-year CAGR of 0.0% consistent price movement.
Can you find 1% rule deals in Wichita Falls, TX?
Wichita Falls, TX delivers a 1.25% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Is Wichita Falls, TX a good market for buy-and-hold investors?
Wichita Falls, TX rates 5.0/5 for investability. With median values at $82K and rents near $1,024/mo, the market offers reasonable fundamentals for rental investors.
Can owner-occupants cash flow in Wichita Falls, TX?
The house hack math an attractive in Wichita Falls, TX. Owner-occupant buyers benefit from the $1,024/mo rents and $82K home values.
How well does BRRRR work in Wichita Falls, TX?
Wichita Falls, TX is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $1,024/mo produces solid refinance appraisals against $82K values.
You know 76301 now. You don’t know where it ranks.
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How 76301 ranks in Wichita Falls, TX
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