Real Estate Investing in Wichita Falls, Texas (76308)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76308 (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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
What’s happening in Wichita Falls, TX (76308)?
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Market Analysis: 76308 Wichita Falls
The 76308 ZIP covers a section of Wichita Falls that demands careful diligence. Prices near $225K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 76308 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 76308 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.
A impressive renter share of 45% in 76308 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 76308, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wichita Falls:
Property Strategy for 76308
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,680 | $1,230 | 7.6% | +6.4% | $58,340 |
| 3BR | $201,433 | $1,680 | 6.0% | +7.3% | $67,144 |
| 4BR | $355,037 | $1,900 | 3.9% | +6.6% | $88,759 |
| 5BR | $492,775 | — | — | +6.5% | $98,555 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76308 Compare?
| Metric | 76308 | Wichita Falls | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $224,782 | $127,700 | N/A | $297,000 |
| 5-Year CAGR | 5.3% | 4.7% | N/A | 5.4% |
| Avg Rent | $1,236 | $1,254 | N/A | - |
| Cap Rate | 4.3% | 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 76308 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,782 |
| Monthly Rent | $1,236 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 76308
Population: 21,267
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 76308
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
CROCKETT EL
ZUNDELOWITZ EL
WICHITA FALLS H S
PREMIER H S - WICHITA FALLS
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
How much does a house cost in Wichita Falls, TX?
Median home price in Wichita Falls, TX is near $225K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the typical renter like in Wichita Falls, TX?
The renter base in Wichita Falls, TX is reasonable for the $1,236/mo price point. Screening well and pricing to market typically yields steady tenants.
What do rentals go for in Wichita Falls, TX?
Rents in Wichita Falls, TX run near $1,236/mo. Compared with median home prices of $225K that produces solid gross yields for typical rentals.
Is Wichita Falls, TX good for landlords?
Wichita Falls, TX operates under TX law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Which investment style suits Wichita Falls, TX?
Most investors in Wichita Falls, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 76308 now. You don’t know where it ranks.
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How 76308 ranks in Wichita Falls, TX
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