The story of this market
The typical home in ZIP 76360 sells for about $200,000, or $60 per square foot.
Prices are up +5.2% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 76360 — Electra
The Wichita Falls housing market is currently characterized by steady, moderate growth with a median sale price of approximately $200,000. While inventory remains somewhat constrained, the market is not overly competitive, providing buyers with reasonable negotiation room. Overall, the market is stable, supported by a consistent local economy and steady demand.
This ZIP is well-suited for budget-conscious family buyers, military personnel, and retirees seeking an affordable cost of living with access to essential urban amenities.
Median prices moved up 5.2% year over year.
Homes spend a median of 64 days on market with 4.3 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 15.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 76360, Wichita County TX
Crime trends in Wichita Falls are generally consistent with regional averages for mid-sized Texas cities, with property crime remaining a primary focus for local law enforcement.
The area is primarily served by the Wichita Falls Independent School District, which maintains a mix of traditional and magnet school options for local families.
The region faces standard North Texas climate risks, including potential for severe thunderstorms, high winds, and occasional flash flooding, which influence local property insurance premiums.
Economic momentum is anchored by Sheppard Air Force Base and a diverse mix of manufacturing and healthcare employers, with ongoing infrastructure maintenance supporting the city's core.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Commutes are generally efficient due to the city's grid layout and proximity to US-287 and US-281, with most residents reaching major employment hubs within 15-20 minutes.
Residents have access to Lucy Park, the Wichita Falls River Bend Nature Center, and various municipal golf courses, with Lake Wichita providing significant water-based recreational opportunities.
The rental market remains stable with moderate vacancy pressure; demand is supported by the transient population associated with the local military base and university.
The economy is driven by Sheppard Air Force Base, Midwestern State University, and a robust healthcare sector, providing a stable employment base for the region.
The city is served by a network of highways including US-287 and US-281, with limited public transit options primarily focused on local bus routes.
City planning is currently focused on infrastructure upgrades and the continued redevelopment of the downtown corridor.
The Wichita Central Appraisal District performs annual market value assessments for all real property within the county.
Parcels are subject to levies from the Wichita Falls ISD, the City of Wichita Falls, and Wichita County, along with specialized hospital district taxes.
Property insurance premiums are influenced by the region's exposure to severe weather events, including wind and hail, leading to higher-than-average costs for some homeowners.
Data retrieved from US Census Bureau ZCTA-level profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Wichita Falls Regional Airport3.927.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major city park featuring trails, picnic areas, and the iconic Falls.
Provides fishing, boating, and park facilities for the community.
Cultural anchor located near the university campus.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.