Rent Tracker
Rent Inflation in Wichita Falls, TX
The average asking rent in Wichita Falls, TX is $1,334/month as of 2026-08. That is +7.2% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,334/mo
as of 2026-08
Year-over-Year Change
+7.2%
24-Month Rent Trend
Monthly ZORI index values for Wichita Falls, TX.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,334 | +1.91% |
| 2026-07 | $1,309 | +0.31% |
| 2026-06 | $1,305 | +0.23% |
| 2026-05 | $1,302 | -0.76% |
| 2026-04 | $1,312 | +1.23% |
| 2026-03 | $1,296 | +1.09% |
| 2026-02 | $1,282 | +1.75% |
| 2026-01 | $1,260 | +0.16% |
| 2025-12 | $1,258 | +0.32% |
| 2025-11 | $1,254 | +0.08% |
| 2025-10 | $1,253 | +0.32% |
| 2025-09 | $1,249 | +0.40% |
| 2025-08 | $1,244 | -0.32% |
| 2025-07 | $1,248 | +0.24% |
| 2025-06 | $1,245 | -0.16% |
| 2025-05 | $1,247 | +1.05% |
| 2025-04 | $1,234 | +0.16% |
| 2025-03 | $1,232 | +0.65% |
| 2025-02 | $1,224 | -0.16% |
| 2025-01 | $1,226 | +0.91% |
| 2024-12 | $1,215 | +0.25% |
| 2024-11 | $1,212 | +0.08% |
| 2024-10 | $1,211 | -0.41% |
| 2024-09 | $1,216 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices