Real Estate Investing in Wichita Falls, Texas (76302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76302 (Wichita Falls, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Wichita Falls, TX (76302)?
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Market Analysis: 76302 Wichita Falls
ZIP 76302 inside Wichita County looks affordable on the surface — median value of $191K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $191K asset, 76302 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Wichita Falls have seen price recovery that 76302 has not matched. Wichita County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 11,949 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 76302 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wichita Falls:
Property Strategy for 76302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $102,800 | $1,160 | 8.1% | +6.4% | $51,400 |
| 3BR | $186,369 | $1,590 | 6.1% | +7.7% | $62,123 |
| 4BR | $246,110 | $1,800 | 5.3% | +7.6% | $61,527 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76302 Compare?
| Metric | 76302 | Wichita Falls | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $191,374 | $127,700 | N/A | $297,000 |
| 5-Year CAGR | 5.8% | 4.7% | N/A | 5.4% |
| Avg Rent | $1,497 | $1,254 | N/A | - |
| Cap Rate | 6.1% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 76302 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,374 |
| Monthly Rent | $1,497 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76302
Population: 11,949
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 76302
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
BOOKER T WASHINGTON EL
DENVER CTR
IOWA PARK JJAEP
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
Is real estate in Wichita Falls, TX a good investment right now?
Wichita Falls, TX scores 3.0/5 for investability. Home values sit at $191K and rents near $1,497/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much is rent in Wichita Falls, TX?
Rents in Wichita Falls, TX run near $1,497/mo. Compared with median home prices of $191K that produces solid gross yields for typical rentals.
How strong is tenant demand in Wichita Falls, TX?
Working renters make up the core of the Wichita Falls, TX tenant base. The pool is reasonable for investors targeting long-term holds.
Is Wichita Falls, TX better for rentals, flips, or BRRRR?
Wichita Falls, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($191K prices, $1,497/mo rents) make it a reasonable choice.
How viable is house hacking in Wichita Falls, TX?
House hacking in Wichita Falls, TX is a challenging. With home values around $191K and rents at $1,497/mo, owner-occupants can offset a meaningful share of PITI.
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How 76302 ranks in Wichita Falls, TX
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