Wichita Falls, TX home prices
Typical home $175,703 · +2.3% in a year · income needed $54,600
The Wichita Falls, TX metro area ranks 733 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +20.4% over five years. With 20% down at 7.11%, the typical home costs about $1,274 a month including 1.64% property tax (Wichita County rate).
Mortgage on the typical Wichita Falls home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,141 | $140,563 | $946 | $0 | $328 | $1,274 | $54,600 |
| 10% down | $17,570 | $158,133 | $1,064 | $66 | $328 | $1,458 | $62,500 |
| 5% down | $8,785 | $166,918 | $1,123 | $70 | $328 | $1,521 | $65,200 |
| 3.5% down (FHA) | $6,150 | $172,521 | $1,161 | $78 | $328 | $1,566 | $67,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.64% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Wichita Falls area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wichita County, TX | $169,452 | +2.1% | 1.64% |
| Clay County, TX | $200,720 | +2.5% | 1.27% |
| Archer County, TX | $239,118 | +5.4% | 1.21% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Wichita Falls?
The typical home in the Wichita Falls, TX metro area is worth $175,703 (Zillow, September 2026).
What salary do you need to buy a house in Wichita Falls?
About $54,600 a year for the typical home with 20% down at 7.11%.