Explore Similar Townhomes Within 25 Miles of Wichita Falls, TX
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Why Live in Wichita Falls


Lucy Park stands as a centerpiece of outdoor recreation in Wichita Falls, featuring disc golf, walking paths, and access to the city's iconic man-made waterfall. The 20-mile Circle Trail system connects residents to key destinations throughout the city, while the River Bend Nature Center delights visitors with its butterfly conservatory and botanical gardens. Cultural attractions include the Kemp Center for the Arts, home to the Wichita Falls Symphony Orchestra, and the Museum of North Texas History which chronicles the region's oil industry heritage. Local dining ranges from Willie's Place, a longtime community favorite, to Hibiscus Cafe's Greek cuisine and Samurai of Tokyo's entertaining hibachi experience.
The Wichita Falls housing market presents diverse options across distinct neighborhoods. The median price for single family homes varies significantly by area: $340,000 in Tanglewood, $499,900 in Lake Wellington Estates, and $88,800 in Downtown Wichita Falls. Townhomes have a median price of $87,000, while condos range from $104,500 for one bedroom units to $125,000 for two bedrooms.
The cost of living in Wichita Falls sits 9.5% below the national average. A family with school-age children needs approximately $95,000 annually to live comfortably, while renters require about $48,000. Monthly grocery costs average $1,500 for families and $700 for renters. Housing expenses run $1,600 monthly for families and $1,400 for renters. The property tax rate is 1.77%, and while Texas has no state income tax, residents pay a combined 8.20% sales tax. Gasoline costs $2.786 per gallon, 14% below the national average of $3.243.
Education options include Rider High School, rated A minus by Niche, and the highly rated private Wichita Christian School. Midwestern State University provides higher education opportunities within the city.
Home Trends in Wichita Falls, TX
On average, homes in Wichita Falls, TX sell after 56 days on the market compared to the national average of 50 days. The median sale price for homes in Wichita Falls, TX over the last 12 months is $200,000, up 1% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$200,000
Median Single Family Sale Price
$203,000
Median Townhouse Sale Price
$87,000
Median 2 Bedroom Sale Price
$115,500
Median 1 Bedroom Sale Price
$99,450
Average Price Per Sq Ft
$126
Number of Homes for Sale
483
Last 12 months Home Sales
1,305
Months of Supply
4.40
Median List Price
$215,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%