Market Analysis
Wichita Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$203,500
Average Monthly Rent
$1,061
Estimated Cap Rate
6.3%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 67211 | $135,000 | $895 | 0.66% |
| 67214 | $130,000 | $825 | 0.63% |
| 67204 | $272,000 | $1,325 | 0.49% |
| 67202 | $280,000 | $1,200 | 0.43% |
Context · FRED home price index
Market Trends
Wichita metro area — % change since 2018
Home Prices
+78.1%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $801/mo |
| Multi-Family | $975/mo |
| Condo | $1,082/mo |
| Single Family | $1,086/mo |
| Townhouse | $1,090/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$203,500
Down Payment (20%)$40,700
Monthly P&I$1,061
Monthly Rent$1,061
Est. NOI$7,639/yr
Est. Cash Flow-$425/mo
Cash on Cash-11.4%
The Wichita market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Wichita
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $2,035/mo to pass
- 3Below-average rents keep entry costs low for new investors
- 4Affordable market — lower barrier to entry for first-time investors
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