The story of this market
The typical home in ZIP 76370 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 $1,100 a month.
ZIP 76370 — Megargel
The Wichita Falls housing market shows signs of stability with modest price growth and a balanced supply of homes. While sales volume has fluctuated, the market remains accessible for local buyers compared to larger Texas metros. Continued demand from the local employment base, particularly the military and healthcare sectors, supports current market conditions.
This area is well-suited for families and first-time homebuyers looking for affordability, as well as military personnel stationed at the nearby base seeking convenient housing options.
Median prices moved up 5.2% year over year.
Homes spend a median of 64 days on market with 2.3 months of supply — a fast-moving market.
50% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
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 5.4%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 76370, Wichita County TX
Wichita Falls experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern for residents.
The area is served by the Wichita Falls Independent School District, which offers a mix of traditional and magnet school options, though performance ratings vary significantly across individual campuses.
The region is prone to severe weather, including high winds and occasional tornado activity, which influences property insurance premiums and building standards.
Economic momentum is driven by the presence of Sheppard Air Force Base and a growing manufacturing and healthcare sector, providing a stable employment base for the region.
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 short and manageable, with most residents relying on personal vehicles to navigate the city's grid-based road network.
Residents have access to several local parks, the Wichita River Trail, and nearby Lake Wichita for outdoor activities, alongside various shopping centers along the main thoroughfares.
The rental market is characterized by steady demand from military personnel and students, with moderate vacancy rates and stable rent growth.
The economy is anchored by Sheppard Air Force Base, the healthcare sector, and regional manufacturing, providing a stable foundation for the local labor market.
The city is primarily served by a network of highways, with limited public transit options, making personal vehicle ownership essential for most commuters.
Development is focused on infill projects and the continued revitalization of the downtown core to attract new businesses and residents.
The Wichita County Appraisal District manages property assessments, focusing on annual market value adjustments to ensure tax equity.
Parcels are subject to various taxing jurisdictions, including the Wichita Falls ISD, Wichita County, and the City of Wichita Falls, along with potential utility district levies.
Property insurance premiums are influenced by the region's exposure to severe weather events, necessitating comprehensive coverage for wind and hail damage.
Data retrieved from data.census.gov using ZCTA 76370 profile.
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.
A large recreational area featuring trails, picnic spots, and water access.
A multi-use trail system connecting various parts of the city for walking and cycling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.