76309, Wichita Falls, TX

The Wichita Falls, TX 76309 zip code has a population of around 158,000 people and is located in the southwestern part of the state. The median home value in this zip code is $128,900 which is lower than the statewide median home value of $205,600. The homeownership rate in this zip code is 63% which is lower than the statewide homeownership rate of 68%.

The average household income in this zip code is $48,500 which is lower than the statewide average household income of $60,600. The percentage of households that are rent-free or have no mortgage is 10% which is higher than the statewide percentage of 5%. The percentage of households that are owner-occupied homes is 78% which is higher than the statewide percentage of 67%.

There are a number of factors that could be contributing to the low home values and homeownership rates in this zip code. One reason could be that there are a number of vacant homes in this area which could be attracting investors who are looking to purchase properties for future sale or rental purposes. Another reason could be that there are a large number of single-family homes available for purchase compared to multi-family properties or apartments. Finally, it may also be because residents here may not have enough money saved up to buy a home outright or they may not qualify for a traditional loan due to their low incomes.