HousingHandbookReference data

U.S. ZIP Code · TX76308

Wichita County · Wichita Falls, TX

Typical home value

$221,624[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.6%
5-year / yr
+5.8%
10-year / yr
+6.1%

Relative price

vs U.S.
-22.0%
vs metro
+15.3%
vs state
-15.3%
ZIP 76308 location in TX
Location of ZIP 76308 in TX

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 76308 is worth $221,624 — 15.3% above the Wichita Falls, TX median. Over the past year, values have risen 1.6%. Homes here rent for a typical $1,333 a month — a 7.2% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,333[2]
Gross yield
7.2%[2]
Cap rate
4.3%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.6%[3]
Typical annual tax
$3,472[3]

#Climate risk

FEMA National Risk Index ratings for Wichita County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Relatively High
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
21,896[3]
Median household income
$74,772[3]

#Migration

Household moves in and out of Wichita County over a year, from IRS tax-return data.

Net migration
-297[5]
Moved in
3,514
Moved out
3,811

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
3
Middle
1
High
0
  • BARWISE MIDDLE

    Middle · Grades 6–8 · WICHITA FALLS ISD

    1,102 students

  • CUNNINGHAM SCHOOL

    Elementary · Grades PK–5 · WICHITA FALLS ISD

    455 students

  • MILAM EL

    Elementary · Grades PK–5 · WICHITA FALLS ISD

    452 students

  • FRANKLIN EL

    Elementary · Grades PK–5 · WICHITA FALLS ISD

    438 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.2%
Net yield (after ~40% expenses)4.3%
Annual rent$16,002

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,121
Loan principal$177,299
Down payment$44,325
Total interest paid$226,135

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.20
Monthly cost to own$1,595
Monthly rent$1,333

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
69th percentile[1]
Rental yield
0th percentile[2]
Property tax
73rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 76308?
The typical home in 76308 is worth $221,624, based on the Zillow Home Value Index.
Are home values rising in 76308?
Home values in 76308 are up 1.6% over the past year, and up 5.8% a year over five years.
What is the typical rent in 76308?
A typical home in 76308 rents for about $1,333 a month, a gross rental yield of 7.2%.
What is the property tax rate in 76308?
The effective property tax rate in 76308 is 1.6% — roughly $3,472 a year on a typical home.
Who lives in 76308?
ZIP code 76308 has a population of 21,896 and a median household income of $74,772.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Scotland, TX

    Typical home
    $207,507
    Gross yield
  • Iowa Park, TX

    Typical home
    $198,435
    Gross yield
  • Holliday, TX

    Typical home
    $196,867
    Gross yield
  • Wichita Falls, TX

    Typical home
    $246,682
    Gross yield
  • Bellevue, TX

    Typical home
    $247,691
    Gross yield
  • Wichita Falls, TX

    Typical home
    $252,540
    Gross yield
    8.2%

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