Why Live in Lake Wellington Estates
Lake Wellington Estates in Wichita Falls is a residential neighborhood known for its newer homes built from the 2000s onwards, with a uniform look of brick, neo-traditional styles. The community is anchored by the highly rated West Foundation Elementary School, making it a popular choice for families. The neighborhood is situated on the western side of Wichita Falls, with some homes offering scenic views of Lake Wellington, although the lake is not used for fishing or boating. The area is safer than the national average, providing a low crime risk environment for residents. Spacious backyards, often featuring pools, and modest front yards with trim hedges are common, while new homes continue to be built slowly but steadily.
Lake Wellington Estates is conveniently located just north of Kell West Boulevard, a key route leading to shopping areas and other amenities. Residents are about 7 miles from downtown Wichita Falls, known for its growing gastropub scene and vibrant annual events, and 10 miles from Sheppard Air Force Base, a major local employer. The neighborhood lacks a designated park, but several recreational options are within a 6-mile radius, including Belair Park, Weeks Park, and Wichita Bluff Nature Area.
Dining options near the neighborhood feature a mix of chain and local restaurants, with favorites like Willie's Place for specialty burgers and McBride's Steakhouse for mesquite-grilled steaks. The nearby Sikes Senter mall offers various national chains and an AMC Theatre. Memorial Stadium, around 2 miles away, is a hub for high school and college football games, while downtown Wichita Falls hosts a year-round farmer's market and the annual Hotter'N Hell Hundred cycling event.
Frequently Asked Questions
Is Lake Wellington Estates a good place to live?
Lake Wellington Estates is a good place to live. Lake Wellington Estates is considered very car-dependent and somewhat bikeable. Lake Wellington Estates has 2 parks for recreational activities. It is fairly sparse in population with 3.2 people per acre and a median age of 41. The average household income is $119,535 which is above the national average. College graduates make up 40.6% of residents. A majority of residents in Lake Wellington Estates are home owners, with 38.6% of residents renting and 61.4% of residents owning their home. A
local real estate agent serving Lake Wellington Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Wellington Estates neighborhood guide.
Is Lake Wellington Estates, TX a safe neighborhood?
Lake Wellington Estates, TX is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lake Wellington Estates?
The median home price in Lake Wellington Estates is $350,000. If you put a 20% down payment of $70,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Lake Wellington Estates. The average household income in Lake Wellington Estates is $120K.
What are the best public schools in Lake Wellington Estates?
The best public schools that serve Lake Wellington Estates are:
What are the most popular zip codes in Lake Wellington Estates, Wichita Falls, TX?
What are the most popular neighborhoods near Lake Wellington Estates, Wichita Falls, TX?
Home Trends in Lake Wellington Estates, TX
On average, homes in Lake Wellington Estates, Wichita Falls sell after 65 days on the market compared to the national average of 70 days. The median sale price for homes in Lake Wellington Estates, Wichita Falls over the last 12 months is $350,000, down 36% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$350,000
Average Price Per Sq Ft
$656
Number of Homes for Sale
0
Last 12 months Home Sales
9
Median List Price
$350,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-36%