76302, Wichita Falls, TX

The Wichita Falls, TX 76302 zip code has a population of around 129,000 people and is located in north-central Texas. The median home value in the Wichita Falls 76302 zip code is $128,200 which is significantly higher than the national median home value of $157,600. Approximately one-third of homes in the Wichita Falls 76302 zip code are owner-occupied while two-thirds are occupied by renters.

The Wichita Falls 76302 zip code has a high rate of home equity ownership compared to other U.S. zip codes. In fact, approximately two-thirds of homes in the Wichita Falls 76302 zip code have some form of home equity (i.e., mortgage or loan balance). This high rate of home equity ownership is likely due to the relatively low cost of housing in the area and the strong economy overall.

Despite having a high rate of home equity ownership, there has been an increase in homeownership rates over recent years in the Wichita Falls 76302 zip code. This increase can likely be attributed to several factors including low interest rates and increased demand for housing due to strong economic conditions. Additionally, many first time buyers are now able to afford a house thanks to low interest rates and increased wages over recent years.