Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sedgwick County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,545 | $480,058 | $242,182 |
| Price Trend (Annual %) | -34.8% | 11.8% | 8.2% |
| Median Gross Rent | $727 | $1,692 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 7.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sedgwick County is about 96% lower than in Colorado. Rent is about 57% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Sedgwick County: home prices fell about 34.8% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
Median rent in Sedgwick County rose about 34.2% between 2015 and 2023, from $542 to $727. Over the same span, rent in Colorado rose about 68.8%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Sedgwick County.
Buying the median-priced home in Sedgwick County costs roughly 2.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sedgwick County. The price-to-rent ratio in Colorado is about 23.6.
| Metric | Sedgwick County | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,545 | $480,058 | $242,182 |
| Median Household Income | $52,686 | $93,055 | $78,145 |
| Price-to-Income Ratio | 0.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Sedgwick County fell about 66.0%, while median household income rose about 39.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sedgwick County | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.1% | 60.6% | 58.2% |
| Rental Rate | 23.4% | 30.8% | 31.3% |
| Vacancy Rate | 15.5% | 8.6% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Sedgwick County has a homeownership rate of 61.1%, about the same as the Colorado average of 60.6%. Its housing vacancy rate is 15.5%, compared with 8.6% in Colorado.
Housing Stock
| Metric | Sedgwick County | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1955 | 1984 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Sedgwick County was built around 1955. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sedgwick County, Colorado.
What is the median home price in Sedgwick County, Colorado?
The median home price in Sedgwick County, Colorado is $19,545, lower than the Colorado average of $480,058.
What is the average home price in Sedgwick County, Colorado?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sedgwick County, Colorado?
The median gross rent in Sedgwick County, Colorado is $727 per month, lower than the Colorado average of $1,692.
What was the median gross rent in Sedgwick County in 2020?
In 2020, the median gross rent in Sedgwick County, Colorado was $600 per month.
What is the price-to-rent ratio in Sedgwick County, Colorado?
The price-to-rent ratio in Sedgwick County, Colorado is about 2.2, meaning it would take roughly 2.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sedgwick County.
Are home prices or rent rising faster in Sedgwick County, Colorado?
Home prices and rent are moving in opposite directions in Sedgwick County: home prices fell about 34.8% a year while rent rose about 3.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sedgwick County, Colorado?
61.1% of households in Sedgwick County, Colorado own their home, higher than the Colorado average of 60.6%.
What is the vacancy rate in Sedgwick County, Colorado?
The housing vacancy rate in Sedgwick County, Colorado is 15.5%, higher than the Colorado average of 8.6%.