Wichita Falls Texas Residential Rent and Rental Statistics
The median monthly gross residential rent in Wichita Falls, TX (the Wichita Falls metro area) was $776 in 2019 according to the Census ACS survey.1 Average gross rent in Wichita Falls was $792 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Wichita Falls median and average rent data will be released in September of 2021.
Data is also available below for Wichita Falls rental vacancy rates, Wichita Falls rent as a percent of median income and the fraction of renters in Wichita Falls.
Real Gross Rent in Wichita Falls Texas (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Texas Median Gross Rent | $1,091 | +2.44% | +8.99% |
| Wichita Falls, TX Median Gross Rent | $776 | +1.57% | -0.89% |
Wichita Falls, TX Real Gross Rent Trends
Median gross rent for Wichita Falls peaked in real terms in 2008 at $814 and is now $38 (4.67%) lower. Average gross rent for Wichita Falls peaked in real terms in 2008 at $816 and is now $24 (2.94%) lower.
Real Gross Rent in Wichita Falls: Wichita Falls TX Median, Wichita Falls TX Average, Texas Median, US Median
Real Gross Rent History for Wichita Falls
| Date | US Median |
Texas Median |
Wichita Falls, TX Median |
Wichita Falls, TX Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,091 | $776 | $792 |
| 2018 | $1,077 | $1,065 | $764 | $750 |
| 2017 | $1,043 | $1,018 | $784 | $785 |
| 2016 | $1,027 | $1,001 | $783 | $768 |
| 2015 | $1,017 | $989 | $788 | $792 |
| 2014 | $986 | $946 | $753 | $788 |
| 2013 | $953 | $902 | $762 | $728 |
| 2012 | $940 | $884 | $772 | $769 |
| 2011 | $941 | $878 | $729 | $787 |
| 2010 | $955 | $895 | $745 | $802 |
| 2009 | $960 | $898 | $769 | $726 |
| 2007 | $927 | $862 | $755 | $743 |
| 2005 | $910 | $839 | $770 | $699 |
Wichita Falls Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Wichita Falls Texas was 9.70% according to Census ACS data.
Rental Vacancy Rate in Wichita Falls Texas
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Texas | 8.15% | -0.06% | +0.50% |
| Wichita Falls, TX | 9.70% | -2.95% | +2.73% |
Trends in Wichita Falls, TX Rental Vacancy Rate
The rental vacancy rate in Wichita Falls peaked in 2013 at 15.45%. Since then it has fallen by 5.75% to 9.70%. Data records for this series originated in 2005. From a 2016 post peak low of 6.97%, the rental vacancy rate has increased by 2.73%.
Rental Vacancy Rate: Wichita Falls TX, Texas, US
Historical Rental Vacancy Rate data for Wichita Falls
| Date | US | Texas | Wichita Falls, TX |
|---|---|---|---|
| 2019 | 5.97% | 8.15% | 9.70% |
| 2018 | 6.15% | 8.21% | 12.65% |
| 2017 | 6.18% | 8.49% | 11.74% |
| 2016 | 5.89% | 7.65% | 6.97% |
| 2015 | 5.85% | 6.95% | 8.64% |
| 2014 | 6.32% | 7.30% | 12.19% |
| 2013 | 6.49% | 7.86% | 15.45% |
| 2012 | 6.77% | 8.53% | 8.43% |
| 2011 | 7.40% | 9.23% | 13.53% |
| 2010 | 8.17% | 10.60% | 12.93% |
| 2009 | 8.43% | 10.69% | 12.50% |
| 2007 | 7.87% | 10.61% | 12.78% |
| 2005 | 7.74% | 10.60% | 14.79% |
Rent as a Fraction of Income
Using median household income data for Wichita Falls, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wichita Falls, median monthly gross rent as a fraction of median household income was 17.83% in 2019 according to the ACS.
Wichita Falls Texas Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Texas | 20.45% | -0.26% | +0.16% |
| Wichita Falls, TX | 17.83% | -0.06% | -2.14% |
Trends in Wichita Falls, TX Rent as a Fraction of Income
The fraction of median Wichita Falls household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.20%. Since then it has fallen by 2.37% to 17.83%.
Fraction of Income towards Rent: Wichita Falls TX, Texas, US
Historical Data for Annual Rent as a Fraction of Income in Wichita Falls Texas
| Date | US | Texas | Wichita Falls, TX |
|---|---|---|---|
| 2019 | 20.03% | 20.45% | 17.83% |
| 2018 | 20.50% | 20.70% | 17.89% |
| 2017 | 20.13% | 20.00% | 20.15% |
| 2016 | 20.43% | 20.28% | 19.97% |
| 2015 | 20.63% | 20.10% | 19.54% |
| 2014 | 20.89% | 20.27% | 19.53% |
| 2013 | 20.78% | 19.89% | 19.44% |
| 2012 | 20.65% | 19.65% | 18.67% |
| 2011 | 20.70% | 19.75% | 18.36% |
| 2010 | 20.50% | 19.77% | 20.20% |
| 2009 | 20.12% | 19.59% | 18.57% |
| 2007 | 18.66% | 18.52% | 18.62% |
| 2005 | 18.89% | 19.11% | 18.30% |
Renter Fraction in Wichita Falls Texas
You can calculate the renter fraction in Wichita Falls in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Wichita Falls as a fraction of total Wichita Falls households. In 2019 36.28% of households were renters according to Census ACS data.
Wichita Falls Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Texas | 38.12% | -0.16% | -0.79% |
| Wichita Falls, TX | 36.28% | +0.48% | -2.86% |
Trends in the Wichita Falls, TX Renter Fraction
The Wichita Falls household renter fraction peaked in in 2016 at 39.14% and is now 2.86% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Wichita Falls TX, Texas, US
History of Wichita Falls Renter Fraction
| Date | US | Texas | Wichita Falls, TX |
|---|---|---|---|
| 2019 | 35.89% | 38.12% | 36.28% |
| 2018 | 36.05% | 38.28% | 35.80% |
| 2017 | 36.13% | 38.03% | 37.01% |
| 2016 | 36.88% | 38.91% | 39.14% |
| 2015 | 36.97% | 38.94% | 37.66% |
| 2014 | 36.90% | 38.84% | 33.77% |
| 2013 | 36.50% | 38.16% | 36.03% |
| 2012 | 36.09% | 37.72% | 38.12% |
| 2011 | 35.42% | 37.08% | 31.11% |
| 2010 | 34.65% | 36.42% | 34.24% |
| 2009 | 34.13% | 36.32% | 34.82% |
| 2007 | 32.80% | 34.82% | 33.91% |
| 2005 | 33.10% | 35.29% | 33.11% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Texas
- / Wichita Falls
