Wichita Falls, TX - House Price Index (HPI)
Wichita Falls Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Wichita Falls, TX single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
Wichita Falls Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1332.56
1st Quarter, 2018 Housing Statistics: Wichita Falls, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      67%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Wichita Falls housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Wichita Falls is 67%. In other words, when tested against
historical data, the forecasting methodology was correct 67% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Wichita Falls is 67% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 1st Quarter of 2019 than they were
in the 1st Quarter of 2018. Check this page each quarter for updates to the
Wichita Falls Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Wichita Falls housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Wichita Falls is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Wichita Falls is 75% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 1st Quarter of 2021 than they were
in the 1st Quarter of 2018. Check this page each quarter for updates to the
Wichita Falls Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Wichita Falls, Texas


Historical Home Price Appreciation
Last Quarter                         -0.45%
Last Year                              1.9%
Last 5 Years                         14%
Last 10 Years                       15%
Last 20 Years                       64%
Decline From All Time High   0.45%


Annual Home Price Appreciation Rates
1988      -5.54%
1989      0.35%
1990      -2.58%
1991      5.60%
1992      6.20%
1993      4.88%
1994      2.08%
1995      10.27%
1996      -2.63%
1997      5.27%
1998      1.72%
1999      2.15%
2000      2.31%
2001      5.73%
2002      2.68%
2003      3.45%
2004      4.36%
2005      7.71%
2006      3.05%
2007      3.93%
2008      -3.49%
2009      2.14%
2010      2.03%
2011      -1.47%
2012      2.04%
2013      -1.45%
2014      1.28%
2015      3.55%
2016      3.65%
2017      5.39%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.45%        Rank: 310 of 381 (18th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.9%           Rank: 334 of 381 (12th Percentile)
Last 5 Years                              14%            Rank: 268 of 381 (29th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 114 of 381 (70th Percentile)
Last 20 Years                            64%            Rank: 255 of 379 (32nd Percentile)
Decline From All Time High        0.45%

The change in home prices for Wichita Falls, TX are shown above for five time
periods. For example: Wichita Falls appreciated -0.45% in the Last Quarter. At
that rate, the Wichita Falls Real Estate Market was ranked 310th out of 381
metropolitan Real Estate Markets. Wichita Falls was in the 18th percentile. So
Wichita Falls, TX performed better in the Last Quarter than 18% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Wichita Falls, Texas

The all time high in the Wichita Falls Home Price Index was 180.0 in the 4th
Quarter, of 2017. The 1st Quarter, 2018 index value was 179.2. That's a
decline of 0.81 points or 0.45% below the Wichita Falls Home Price Index all
time high.  The Home Price Index indicates that the Wichita Falls Market is up
15% over the last 10 years. Home prices in the Wichita Falls Real Estate Market
have gained 1.91% over the last 12 months. Over the last thirty years, it is up
109%.

The 1st Quarter index value was 0.81 points lower than the 4th Quarter, 2017
index value of 179.99, resulting in a 0.45% decline for the 1st Quarter in the
Wichita Falls Market.

The Wichita Falls Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holders for consecutive declines
in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 2 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Wichita Falls Real
Estate Market was 11% in the twelve months ended with the 1st Quarter of
1994. The worst annual change in home values  in the Wichita Falls Market was
-7% in the twelve months ended with the 2nd Quarter of 1988.

The highest growth in home values in the Wichita Falls Real Estate Market over
a three year period was 21% in the three years ended with the 2nd Quarter of
1994. The worst performance over a three year period in the Wichita Falls
Market was -8% in the three years ended with the 4th Quarter of 1990.

This page provides a long term graph of the Wichita Falls Home Price Index
(above). For information about Texas home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Wichita Falls Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Wichita Falls Market. The terms House Price Index and Home Price Index,
as used in this site, refer to the Federal Housing Finance Agency (FHFA)
House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Wichita Falls Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Wichita Falls, Texas

The trend of Wichita Falls Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Wichita Falls Home Prices had a rank of 310,
with appreciation of -0.45%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Wichita Falls Home Prices had a rank of 334, with
appreciation during the year of 1.91%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Wichita Falls Home Prices
ranked 268, with a total appreciation of 13.5%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Wichita Falls Home
Prices had a rank of 114, with appreciation during the decade of 15%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Wichita Falls Home
Prices had a rank of 255, with total growth over the 20 year period of 64%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Wichita Falls Real
Estate Market is available back to the 2nd Quarter, of 1987. All calculations are
based on the quarterly value of the House Price Index for Wichita Falls. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, July 30, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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