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RentData.org Logo Wichita Falls Fair Market Rent FY 2022 Wichita Falls, TX MSA Rental Data

Fair Market Rent Prices in Wichita Falls, TX :
$641 $707 $878 $1,197 $1,362
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Wichita Falls are high compared to the national average. This FMR area is more expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wichita Falls is $878 per month.

The previous year, rent for a two-bedroom home was $832 per month. This is a 5.53% increase year-over-year.

This FMR rate applies to Megargel, TX, Scotland, TX, Windthorst, TX, Archer City, TX, Holliday, TX, Electra, TX, Olney, TX, Wichita Falls, TX and other cities within the region. The Metro Code or CBSA code for this region is METRO48660M48660.

Additionally, This Fair Market Rent (FMR) area Wichita Falls, TX MSA spans one county or city in Texas which is listed in the table below. Estimated population of Wichita Falls, TX MSA FMR area is 8,795 people based on latest Census data.

Compared to the rest of Texas, the Wichita Falls FMR area is more expensive than 76% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Wichita Falls. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Wichita Falls

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 688
1-BR 1-Bedroom $ 758
2-BR 2-Bedroom $ 942
3-BR 3-Bedroom $ 1284
4-BR 4-Bedroom $ 1461
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Wichita Falls, TX MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Wichita Falls & Lawton.

County / Region Est. Population
Wichita Falls, TX Metro 8,795
Zip Codes in Wichita Falls, TX MSA

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

76302, 76308, 76310, 76351, 76360, 76366, 76370, 76374, 76379 and 76389

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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