Why Live in Stone Lake Estates
Stone Lake Estates in Wichita Falls is an upscale neighborhood centered around a small lake, offering modern, spacious homes built from the early 2000s to the 2010s. The area is characterized by brick neo-traditional houses, some on half-acre lots, with prices significantly higher than the city average. The neighborhood is one of only seven in Wichita Falls with a Homeowners Association, though it lacks common amenities like pools or tennis courts. Safety is a practical consideration, with garages being essential due to severe storms and occasional mini tornadoes. Educational options include the highly rated Fain Elementary School, Barwise Middle School, and the newly opened Legacy High School, which features a hybrid curriculum. For higher education, Midwestern State University is just over 2 miles away. Stone Lake Estates is conveniently located near major shopping centers, including a Walmart Supercenter and Sikes Senter Mall, and offers various dining options like the local favorite Catfish Grill. Outdoor features include Weeks Park with its golf course and trails, Lake Wichita Park with a kayak launch and dog park, and Edgemore Park with playground facilities. The neighborhood is well-connected, with bus routes along Southwest Parkway and proximity to major roads leading to downtown Wichita Falls, Sheppard Air Force Base, and Wichita Falls Regional Airport. Local amenities include a YMCA, dental office, and ER Now 24/7 Emergency Room. Grace Church, a prominent local feature, adds to the community feel, while downtown attractions like the farmers market and monthly art walks provide cultural engagement.
Frequently Asked Questions
Is Stone Lake Estates a good place to live?
Stone Lake Estates is a good place to live. Stone Lake Estates is considered very car-dependent and somewhat bikeable. Stone Lake Estates is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Stone Lake Estates has 2 parks for recreational activities. It is sparse in population with 2.7 people per acre and a median age of 32. The average household income is $103,136 which is above the national average. College graduates make up 33.9% of residents. A majority of residents in Stone Lake Estates are renters, with 57.8% of residents renting and 42.2% of residents owning their home. A
local real estate agent serving Stone Lake Estates can help you decide if this neighborhood is the right one for you. Learn more on our
Stone Lake Estates neighborhood guide.
Is Stone Lake Estates, TX a safe neighborhood?
Stone Lake Estates, TX is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Stone Lake Estates?
The median home price in Stone Lake Estates is $370,000. If you put a 20% down payment of $74,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Stone Lake Estates. The average household income in Stone Lake Estates is $103K.
What are the best public schools in Stone Lake Estates?
The best public schools that serve Stone Lake Estates are:
What are the best private schools in Stone Lake Estates?
The best private schools that serve Stone Lake Estates are:
- Wichita Christian School has an A Niche grade, a student teacher ratio of 6:1 and an average review score of 3.9.
- Christ Academy has an A- Niche grade, a student teacher ratio of 11:1 and an average review score of 4.2.
What are the most popular zip codes in Stone Lake Estates, Wichita Falls, TX?
What are the most popular neighborhoods near Stone Lake Estates, Wichita Falls, TX?
Are home prices dropping in Stone Lake Estates?
Yes, home prices in Stone Lake Estates are down 13% in the last 12 months.
Home Trends in Stone Lake Estates, TX
Median Sale Price
$340,000
Median Single Family Sale Price
$340,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$370,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-7%