Real Estate Investing in Wichita Falls, Texas (76306)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76306 (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.
- High vacancy: 17.1% of homes vacant — above national norms.
What’s happening in Wichita Falls, TX (76306)?
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Market Analysis: 76306 Wichita Falls
ZIP 76306 in Wichita Falls, TX carries a healthy set of headwinds. Home values near $143K and rents of $1,263/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 76306 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Stepping back, 76306 offers a low basis, the region around Wichita Falls has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 76306 ZIP's population of 14,487 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The right play in 76306 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Wichita Falls:
Property Strategy for 76306
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $37,348 | $900 | 17.4% | — | $37,348 |
| 2BR | $65,946 | $1,100 | 12.0% | +4.9% | $32,973 |
| 3BR | $144,330 | $1,500 | 7.5% | +7.7% | $48,110 |
| 4BR | $196,295 | $1,700 | 6.2% | +7.4% | $49,074 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76306 Compare?
| Metric | 76306 | Wichita Falls | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $142,577 | $127,700 | N/A | $297,000 |
| 5-Year CAGR | 5.8% | 4.7% | N/A | 5.4% |
| Avg Rent | $1,263 | $1,254 | N/A | - |
| Cap Rate | 6.9% | 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 76306 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $142,577 |
| Monthly Rent | $1,263 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 76306
Population: 14,487
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 76306
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
SHEPPARD AFB EL
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 are vacancy rates like in Wichita Falls, TX?
Vacancy risk in Wichita Falls, TX is elevated. That supports reliable cash flow for typical rental holds.
Is Wichita Falls, TX good for landlords?
Rental owners in Wichita Falls, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Wichita Falls, TX?
Wichita Falls, TX offers a steady renter base at the $1,263/mo rent level. Tenant turnover is reasonable for well-managed properties.
What does house hacking look like in Wichita Falls, TX?
House hacking in Wichita Falls, TX is reasonable to execute. Prices around $143K and rents of $1,263/mo solid owner-occupant economics.
How do home values compare in Wichita Falls, TX?
Median home price in Wichita Falls, TX is near $143K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
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How 76306 ranks in Wichita Falls, TX
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