Home Insurance in Wichita Falls, Texas

Homes in Wichita Falls carry a median value of $156,800 - close to the Wichita County median.

The typical home in Wichita Falls was built around 1972. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 33% of homes were built before 1960, about 1 point above Wichita County's 31%.

In Wichita Falls, the housing stock is 70% single-family homes, 18% apartments in buildings with 5+ units and 3% mobile or manufactured homes.

In Wichita Falls, about 50% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Wichita Falls has an owner-occupancy rate of 56% and a vacancy rate of 12%; unoccupied homes typically need a different coverage form.

In Wichita Falls, 54% of homes are primarily heated with electricity.

Wichita County's top FEMA-rated hazard is hail (Relatively High), per FEMA's National Risk Index. Wichita County had 681 active NFIP flood policies as of September 2026. See the full Wichita County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

This area lists 18 licensed insurance agencies.

Key figures

Median home value$156,800
Median year built1972
Owner-occupied share56%
Share of owner-occupied homes with a mortgage50%
Top county hazardHail (Relatively High)
Active NFIP policies in Wichita County681
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Wichita Falls, TX

Licensed insurance agencies in Wichita Falls

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29