This town was first settled near the T&P Railroad in 1873 as Iola. It was later renamed for William Wills, whose cabin was a resting place for travelers between Shreveport and Dallas and was referred to as "the Wills point."
Today, the city is a gateway to Lake Tawakoni and a center for ranching, agriculture and recreation. Downtown features boutiques, antiques and restaurants in historic buildings along original brick streets laid in the 1920s. The Rose Monument, donated by a prominent local family, stands at the center of N. Fourth and E. North Commerce streets.
The Texas Legislature designated Wills Point the "Bluebird Capital of Texas." The annual Bluebird Festival is in April, and the WPRC UPRA Rodeo is the third Saturday in July.