Real Estate Investing in Wichita Falls, Texas (76305)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76305 (Wichita Falls, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wichita Falls, TX (76305)?
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Market Analysis: 76305 Wichita Falls
The 76305 ZIP in Wichita Falls, TX is a local-operator market. Outside capital chasing a $252K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $252K asset, 76305 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 76305 has not matched. Clay data supports the view that the spread is structural rather than temporary.
The demographic picture in 76305 includes headwinds that any investor should price in. Income distribution skews lower than Wichita Falls averages, and tenant stability requires active management.
The 76305 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wichita Falls:
Property Strategy for 76305
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,454 | $1,000 | 5.9% | +5.2% | $60,727 |
| 3BR | $246,899 | $1,360 | 4.0% | +7.5% | $82,300 |
| 4BR | $356,987 | $1,540 | 3.1% | +8.1% | $89,247 |
Market Trends
Home Value History (with trend line)
📊 How Does 76305 Compare?
| Metric | 76305 | Wichita Falls | Texas |
|---|---|---|---|
| Home Value | $251,760 | $127,700 | $297,000 |
| 5-Year CAGR | 4.2% | 4.7% | 5.4% |
| Avg Rent | $900 | $1,254 | - |
| Cap Rate | 2.8% | 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 76305 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,760 |
| Monthly Rent | $900 |
| Price-to-Rent | 23.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.8%). 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 76305
Population: 4,929
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 76305
Schools in This ZIP Code
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
What kind of vacancy should I budget for in Wichita Falls, TX?
Occupancy in Wichita Falls, TX runs measured with elevated vacancy. Well-priced units at $900/mo lease on reasonable timelines.
Does a duplex house hack pencil in Wichita Falls, TX?
For house hackers, Wichita Falls, TX is a challenging. The $900/mo rent on a unit helps defray the mortgage on a $252K property.
How do experienced investors play Wichita Falls, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Wichita Falls, TX. The numbers - $252K homes against $900/mo rents - support that play.
Are homes affordable in Wichita Falls, TX?
Wichita Falls, TX median home values land near $252K. That is reasonable territory for investors looking at $900/mo-per-month rentals.
Are rents high in Wichita Falls, TX?
Wichita Falls, TX rentals go for roughly $900/mo a month. That puts gross yield in solid territory relative to $252K acquisition costs.
You know 76305 now. You don’t know where it ranks.
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