Rent to own Homes in Wichita Falls, TX
Located 15 miles south of the Texas/Oklahoma border, Wichita Falls has flourished since 1872 when the town was officially named. As of the 2010 US census, the population of Wichita Falls was 104,553. This is a slow-growing population that lives within 70.1 square miles of a somewhat humid and sub-tropical climate. The weather here can become intensely hot in the summers, which typically run from June through August, and extremely cold in the winters. Add in the occasional tornado, and you have a continually changing climate that always keeps you on your toes! In 1886, the Falls for which the city was named were destroyed by a flood. Nearly 100 years later, and after many tourist and local complaints, the city built an artificial waterfall to represent the original 'Wichita Falls' next to the river in Lucy Park. There's a great selection of rental apartments, rental homes and houses to buy in Wichita Falls, so no matter what you're looking for, there's a good chance the town will have something for you.
Wichita Falls, TX is a great place for affordable rent-to-own homes! With a median household income of over $47,335 and a median rent of $828, the Wichita Falls, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wichita Falls, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Wichita Falls, TX Property Resources
Rent to own Homes in Cities Near Wichita Falls, TX
Neighborhoods in Wichita Falls, TX
West Floral Heights Historic District rent to own homes Southwest Neighborhood District rent to own homes Central Business District rent to own homes Northeast Commercial Industrial District rent to own homes Wichita River Covention Recreation District rent to own homes Westside Commercial Medical District rent to own homes Downtown Wichita Falls rent to own homes Southeast Commercial Industrial District rent to own homes Westside Institutional District rent to own homes Depot Square Historic District rent to own homesPopular Zip Codes in Wichita Falls, TX
76306 rent to own homes 76308 rent to own homes 76307 rent to own homes 76309 rent to own homes 76301 rent to own homes 76302 rent to own homes 76311 rent to own homesBuying a Home in Wichita Falls, TX
Wichita Falls, TX is seeing rapid growth and Wichita Falls, TX's' housing market remains optimal with an average home price that is -52% below the 2024 national average. Wichita Falls, TX is part of Wichita county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Wichita is 1.69% which is above the national average, which is 0.99%.
Median Home Price in Wichita Falls, TX
Median Rent in Wichita Falls, TX
Top Reasons to Live in Wichita Falls TX
Housing Statistics Wichita Falls has 41,842 housing units that include single family homes, condominiums, apartments and some mobile homes. There are rental apartments, rent to own houses and homes that residents have bought. At least one fourth of these homes were built between 1940 and 1960 during an upswing in the housing market. The median home price is $94,800, while the average listing price is much higher at $179,990. That being said, the average sale price for a home in Wichita Falls is a bit lower, at $121,300. There are quite a few opportunities to find excellent home prices here because the vacancy rate is quite high at 11.2%. This is a renter's and buyer's market!
Local Shopping Shopping in Wichita Falls is more exciting than one might initially think! Somewhere In Time Antique Mall over on Ohio Street is a 12,000 square foot store filled with European and American antiques, all artfully displayed and temptingly priced. If you aren't interested in the old, head over to Three Dog Books on Scott Avenue and browse the shelves. Hopefully you will find your next nightstand book and snatch it up! However, if you are more of the one-stop kind of person, the Sikes Senter Mall on Midwestern Parkway might be more to your liking. There are over 80 stores to browse and pilfer, all inside and air conditioned for your comfort.
Nightlife Shopping isn't the only thing to do in Wichita Falls. Locals enjoy getting out and going dancing at Texas Nite Life over on Archer City Hwy or pushing their vocals chords to the limit at Krank It Karoke Kafe on N Scott Avenue. However, if dancing and singing are too active for your tastes, the Water Hole on Old Iowa Park Road is a local favorite for hanging out and enjoying a beer with friends. One last place absolutely worth mentioning is The Outskirts out on Old Jacksboro Hwy. If you want to experience a real Texas honky-tonk where Stetsons, Ropers and line dancing are the norm, then this is the bar for you!
Wichita Falls Neighborhoods Wichita Falls has a lot going on within its borders. Here are some neighborhoods to check out: