Wichita Falls, TX

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Wichita Falls short-term rental market based on reliable data.

Listings

236 / 417

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$21,303

Middle-Earners Revenue

Occupancy

77%

Middle-Earners Occupancy

Home Value

$177,171

Median Home Sale Price

Top Earners

$41,005

Top-Earners Revenue

Wichita Falls

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wichita Falls.

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B

Generally Investor friendly

Wichita Falls Regulations

STRs are explicitly allowed citywide with simple, no‑fee online registration and no caps; the main burden is a 9% hotel occupancy tax and monthly/quarterly filings with modest late penalties, while enforcement is predictable.

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About Wichita Falls

Wichita Falls is the county seat of Wichita County, set in the rolling prairies of north-central Texas near the Red River. The city has a population of roughly 102,000, giving it the feel of a mid-sized regional hub rather than a big-city destination. Its identity is shaped significantly by the presence of Sheppard Air Force Base, one of the Air Force's most important technical training installations, which gives the town a steady, military-tinged rhythm and a young, transient population. Wichita Falls is also a natural gateway to outdoor recreation along the Texas-Oklahoma border country, including the sprawling reservoirs of the Red River basin. The nearest major city is the Dallas–Fort Worth metroplex, located approximately 110 miles to the southeast, with a typical drive of about an hour and forty-five minutes.

Just a short drive north of the city, Lake Texoma ranks among the largest reservoirs in the United States, straddling the Texas-Oklahoma border. Reached in roughly 30 to 45 minutes, the lake draws visitors for striped bass fishing, sailing, swimming beaches, and a string of state parks and marinas along its shoreline. It is the kind of regional draw that pulls weekend travelers from a wide radius, making it a meaningful amenity for a Wichita Falls base.

Right in the heart of downtown, the so-called World's Littlest Skyscraper (the Newby-McMahon Building) is one of the most photographed curiosities in North Texas. Built in 1919 after a famous swindle in which a speculator sold "floors" that did not exist, the four-story brick structure has long been a favorite stop for road-trippers and curiosity seekers passing through the city on U.S. Route 287.

Within minutes of downtown, Lucy Park lines the Wichita River and offers the kind of easy, in-town green space that appeals to families traveling with children. The park features walking trails, playgrounds, a small zoo, and access to the river, and it connects visitors directly to the namesake falls themselves, which were reconstructed in the late twentieth century after the originals washed away. A short drive west of the city, Lake Wichita provides additional shoreline for fishing, picnicking, and paddling, rounding out the local outdoor picture.

Wichita Falls makes a quietly compelling base for short-term rentals because it offers something many small Texas cities do not: a recognizable identity, a quirky marquee attraction, and quick access to a major recreational lake, all within easy striking distance of the DFW metroplex. Visitors passing through on I-44 or U.S. 287, families visiting airmen at Sheppard, and anglers heading to Lake Texoma all create overlapping demand streams, giving the market a steady mix of guest types throughout the year.

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