Wichita County, Texas Housing Market Prices
Wichita County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 54% below the Texas median$118,747
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Median rent 28% below the Texas median$1,006
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wichita County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,747 | $258,873 | $248,835 |
| Price Trend (Annual %) | 9.1% | 9.2% | 7.5% |
| Median Gross Rent | $1,006 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wichita County is about 54% lower than in Texas. Rent is about 28% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Wichita County, up about 9.1% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Wichita County rose about 36.5% between 2015 and 2024, from $737 to $1,006. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Wichita County.
Buying the median-priced home in Wichita County costs roughly 9.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wichita County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Wichita County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,747 | $258,873 | $248,835 |
| Median Household Income | $64,006 | $78,939 | $80,455 |
| Price-to-Income Ratio | 1.9 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wichita County rose about 69.3%, while median household income rose about 39.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wichita County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 56.7% | 58.5% |
| Rental Rate | 33.9% | 33.9% | 31.2% |
| Vacancy Rate | 12.1% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Wichita County has a homeownership rate of 54.0%, lower than the Texas average of 56.7%. Its housing vacancy rate is 12.1%, compared with 9.4% in Texas.
Housing Stock
| Metric | Wichita County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1973 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Wichita County was built around 1973. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Wichita County, TX Housing Compared With Nearby Counties
How Wichita County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wichita County, TX | 129,995 | $118,747 #2/3 | $1,006 #1/3 | 61.4% #3/3 |
| Clay County, TX | 10,495 | $34,614 | $811 | 84.0% |
| Wilbarger County, TX | 12,616 | $187,053 | $931 | 67.2% |
Frequently Asked Questions
Common questions about the housing market in Wichita County, Texas.
What is the median home price in Wichita County, Texas?
The median home price in Wichita County, Texas is $118,747, lower than the Texas average of $258,873.
What is the average home price in Wichita County, Texas?
The typical home price in Wichita County, Texas, reported as the median sale price, is $118,747. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Wichita County, Texas?
The median gross rent in Wichita County, Texas is $1,006 per month, lower than the Texas average of $1,402.
What was the median gross rent in Wichita County in 2020?
In 2020, the median gross rent in Wichita County, Texas was $822 per month.
What is the price-to-rent ratio in Wichita County, Texas?
The price-to-rent ratio in Wichita County, Texas is about 9.8, meaning it would take roughly 9.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wichita County.
Are home prices or rent rising faster in Wichita County, Texas?
Both home prices and rent are rising in Wichita County, up about 9.1% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wichita County, Texas?
54.0% of households in Wichita County, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Wichita County, Texas?
The housing vacancy rate in Wichita County, Texas is 12.1%, higher than the Texas average of 9.4%.
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