Wichita Metro Area, KS Housing

The housing market in the Wichita, KS Metro Area has seen considerable growth over the past year. The median home value in Wichita is currently $195,800, which is much lower than the national median of $338,100. However, the one year appreciation rate for homes in Wichita is an impressive 11.84%, which is higher than the nationwide average of 8.27%. This indicates that there is a strong demand for housing in the area and real estate investment can be a good option for potential buyers looking to get into an affordable market with great upside potential.

The median home cost in Wichita Metro Area is $195,800. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Wichita Metro Area is up 15.1%.

Average Age of Homes

- The median age of Wichita Metro Area real estate is 43 years old

The Rental Market in Wichita Metro Area

- Renters make up 30.1% of the Wichita Metro Area population
- 2.7% of houses and apartments in Wichita Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Wichita, Kansas	United States
	274,262.0	139,647,020.0
	45	42
	$195,800	$338,100
	15.1%	16.6%
	49.5%	57.0%
	71.4%	101.1%
	$13.81	$10.98
	$2,095	$2,690
	58.1%	57.4%
	9.7%	11.2%
	32.2%	31.4%
Vacant Housing
	2.7%	1.9%
	0.4%	0.4%
	0.8%	0.7%
	0.6%	0.4%
	0.3%	3.6%
	5.0%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	2.3%	2.4%
	4.1%	2.8%
	8.5%	3.9%
	10.2%	4.5%
	20.6%	11.3%
	19.4%	13.0%
	18.4%	20.1%
	7.4%	13.6%
	2.6%	8.3%
	1.9%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.8%	13.6%
	11.8%	13.6%
	13.5%	13.6%
	12.4%	13.2%
	13.1%	14.8%
	13.5%	13.6%
	16.4%	10.0%
	6.5%	4.7%
	10.7%	12.2%

Reviews for Wichita

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Jeff · Wichita, KS

Some great places in this state with potential.

Over 6 years ago

Contrary to other reviews which seek to politicize the situation in Kansas due to differences in political and financial philosophy, I want to counter that with a More

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N · Wichita, KS

Live here at your own risk

Over 6 years ago

I've lived in the area nearly my whole life and up until recently, this was a great place to live and raise a family. In recent years the entire state has begun to More

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