In Wichita, KS, the median value of a house is $172,400 which is significantly lower than the US median of $338,100. Despite this difference, the one year house appreciation rate in Wichita, KS is actually higher than the national average at 9.88%, compared to 8.27% across the country. This indicates that housing in this area may be a wise investment for potential buyers looking for value in an area with growing potential.
The median home cost in Wichita is $172,400. Home appreciation the last 10 years has been 69.0%. Home Appreciation in Wichita is up 9.9%.
Average Age of Homes
- The median age of Wichita real estate is 46 years old
The Rental Market in Wichita
- Renters make up 35.3% of the Wichita population
- 3.3% of houses and apartments in Wichita, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.