Wichita, Kansas Housing Market Prices
Wichita Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 9% below the Kansas median$94,887
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Median rent 9% below the Kansas median$962
Housing Market Overview
| Metric | Wichita | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,887 | $104,644 | $248,835 |
| Price Trend (Annual %) | 2.8% | 4.4% | 7.5% |
| Median Gross Rent | $962 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wichita is about 9% lower than in Kansas. Rent is about 9% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Wichita, up about 2.8% and 3.5% a year respectively. Rent is changing faster.
Median rent in Wichita rose about 35.1% between 2015 and 2024, from $713 to $962. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Wichita.
Buying the median-priced home in Wichita costs roughly 8.2 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 Wichita. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Wichita | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,887 | $104,644 | $248,835 |
| Median Household Income | $61,675 | $74,287 | $80,455 |
| Price-to-Income Ratio | 1.5 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wichita rose about 41.2%, while median household income rose about 39.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wichita | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 60.9% | 58.5% |
| Rental Rate | 38.1% | 29.8% | 31.2% |
| Vacancy Rate | 10.6% | 9.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Wichita has a homeownership rate of 51.3%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 10.6%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Wichita | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Wichita was built around 1972. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wichita, Kansas.
What is the median home price in Wichita, Kansas?
The median home price in Wichita, Kansas is $94,887, lower than the Kansas average of $104,644.
What is the average home price in Wichita, Kansas?
The typical home price in Wichita, Kansas, reported as the median sale price, is $94,887. 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 Wichita, Kansas?
The median gross rent in Wichita, Kansas is $962 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Wichita in 2020?
In 2020, the median gross rent in Wichita, Kansas was $814 per month.
What is the price-to-rent ratio in Wichita, Kansas?
The price-to-rent ratio in Wichita, Kansas is about 8.2, meaning it would take roughly 8.2 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 Wichita.
Are home prices or rent rising faster in Wichita, Kansas?
Both home prices and rent are rising in Wichita, up about 2.8% and 3.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Wichita, Kansas?
51.3% of households in Wichita, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Wichita, Kansas?
The housing vacancy rate in Wichita, Kansas is 10.6%, higher than the Kansas average of 9.2%.
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