Real Estate Investing in Wichita Falls, Texas (76309)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 76309 (Wichita Falls, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.8% of homes vacant — above national norms.
What’s happening in Wichita Falls, TX (76309)?
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Market Analysis: 76309 Wichita Falls
This part of Wichita County is not an easy win. The 76309 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $128K asset, 76309 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 76309 has not matched. Wichita County data supports the view that the spread is structural rather than temporary.
A notable renter share of 42% in 76309 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. solid returns are possible in 76309, 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 76309
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $66,324 | $910 | 9.9% | +9.4% | $66,324 |
| 2BR | $74,864 | $1,120 | 10.8% | +4.9% | $37,432 |
| 3BR | $145,423 | $1,530 | 7.6% | +6.7% | $48,474 |
| 4BR | $282,387 | $1,730 | 4.4% | +7.1% | $70,597 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 76309 Compare?
| Metric | 76309 | Wichita Falls | Wichita Falls, TX | Texas |
|---|---|---|---|---|
| Home Value | $128,083 | $127,700 | N/A | $297,000 |
| 5-Year CAGR | 3.8% | 4.7% | N/A | 5.4% |
| Avg Rent | $1,056 | $1,254 | N/A | - |
| Cap Rate | 6.4% | 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 76309 (Wichita Falls, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $128,083 |
| Monthly Rent | $1,056 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). 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 76309
Population: 13,344
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 76309
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CUNNINGHAM SCHOOL
FRANKLIN EL
MILAM EL
BARWISE MIDDLE
NTSH PRI PROGRAM WICHITA CAMPUS
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 strong is Wichita Falls, TX for real estate investors?
Our data puts Wichita Falls, TX at 3.0/5 for investability. Home prices of $128K and rents around $1,056/mo create a solid backdrop for investor activity.
Are eviction rules reasonable in Wichita Falls, TX?
Wichita Falls, TX operates under TX law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Are rents high in Wichita Falls, TX?
Rental rates in Wichita Falls, TX average $1,056/mo. Tenant demand and $128K home values make the yield look reasonable by investor standards.
What is the typical vacancy rate in Wichita Falls, TX?
Expect elevated vacancy in Wichita Falls, TX. Rents at $1,056/mo are absorbed by the tenant base without meaningful lag.
What approach is best for Wichita Falls, TX real estate?
Wichita Falls, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($128K prices, $1,056/mo rents) make it a reasonable choice.
You know 76309 now. You don’t know where it ranks.
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How 76309 ranks in Wichita Falls, TX
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