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Wichita Falls Independent

Learn about the people, housing, costs and businesses in Wichita Falls Independent, Texas

Median Home$163,065
Median Rent$1,053/month
Population88,138
Leading IndustryManufacturing1% of local workforce
Home Value Growth+6.6% over 2 years
Young Adults33% of residentswell above average
Homeowners57% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Wichita Falls Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Wichita Falls Independent?

As of today, the 30-year fixed mortgage rate for Wichita Falls Independent is approximately 6.988% (7.030% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wichita Falls Independent?

The median home value in Wichita Falls Independent is $163k. The median monthly rent is $1,053. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wichita Falls Independent?

Home values in Wichita Falls Independent have increased 6.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wichita Falls Independent?

Based on a typical all-in ownership cost of $1,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wichita Falls Independent is $59k/year.

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What industries drive the economy in Wichita Falls Independent?

The largest employment sectors in Wichita Falls Independent are public administration (25%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.