Wichita

KSWichita Metropolitan Statistical Area

Real Estate Market Analysis

Q3 2025 Report
$205,000 (Dec 2024)
Median Home Price
~395,700 (metro area ~650,000)
Population
~$60,000 (metro area, 2024 est.)
Median Income
USD 259 (Wichita Public Schools): Average to Above Average (state metrics)
School District Rating

Market Overview

Property Values

$205,000 (Dec 2024)
Median Home Price
$117 (+4.0% YoY)
Price per Sq Ft
+3.4% (Dec 2024), +0.6% (June 2025)
YoY Change

Market Performance

Days on Market27 median (Dec 2024); 8 median to pending (June 2025)
Market TypeNormalizing, moderately competitive, not overheated
Months of SupplyTight inventory, but market more balanced than previous years

Sales Activity

Sales Volume410 homes sold in Dec 2024 (+10.8% YoY)
Metro AreaWichita Metropolitan Statistical Area
Population~395,700 (metro area ~650,000)

Economic Indicators

Employment & Growth

Unemployment Rate~3.5% (2025 est., local average)
Job Growth Rate~1.2% (2024-2025 est.)
Median Household Income~$60,000 (metro area, 2024 est.)

Major Employers

  • Spirit AeroSystems
  • Textron Aviation
  • Koch Industries
  • Cargill Protein
  • Ascension Via Christi
  • Wichita State University

Demographics

~395,700 (metro area ~650,000)
Population
36.5 years
Median Age
~0.5% annually (2024-2025)
Population Growth
~30% bachelor's degree or higher (metro area)
Education Level

Family Composition

Mix of families, singles, and retirees; strong presence of young professionals and blue-collar households

Key Industries

Aerospace manufacturingHealthcareEducationAgricultureLogistics & Distribution

Education

School District

USD 259 (Wichita Public Schools): Average to Above Average (state metrics)
District Rating

Top Schools

  • East High School
  • Maize High School
  • Andover Central High School

Higher Education

  • Wichita State University
  • Friends University
  • Newman University

Infrastructure & Development

Major Projects

  • Downtown Wichita Riverfront redevelopment
  • Expansion of Eisenhower National Airport cargo facilities

Transportation

  • K-96 highway expansion
  • Public transit modernization

Planned Developments

  • Mixed-use projects in Delano and Old Town
  • New industrial parks (2025-2026 pipeline)

Lifestyle & Amenities

Recreation

  • Arkansas River trails
  • Sedgwick County Zoo
  • Botanica Gardens

Dining & Entertainment

  • Old Town district nightlife
  • Local breweries and restaurants

Cultural Attractions

  • Wichita Art Museum
  • Exploration Place
  • Music Theatre Wichita

Investment Analysis

Investment Opportunities

  • Affordable entry prices for investors
  • Strong rental demand near universities and hospitals
  • Industrial and logistics sector growth

Growth Outlook

Stable, moderate growth expected through 2026; normalization after pandemic-era volatility

Market Risks

  • Slower appreciation compared to national hotspots
  • Potential oversupply in new multifamily developments
  • Economic dependence on aerospace sector

Rental Market

Healthy; vacancy rates remain low, rents rising modestly

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Relocating professionals
  • Investors seeking cash flow

Marketing Channels

  • Zillow/Realtor.com
  • Social media (Facebook, Instagram)
  • Local real estate websites

Pricing Strategies

List at or slightly below recent comps to drive competition; avoid overpricing in a normalizing market

Common Objections & Response Strategies

Objection: Wichita's appreciation is slower than other cities.

Response Strategy:

Emphasize affordability, stable cash flow, and lower volatility as strengths for long-term investors.

Objection: Inventory is too tight; can't find what I want.

Response Strategy:

Encourage flexibility on must-haves, and highlight new listings quickly. Suggest considering nearby neighborhoods.

Objection: Interest rates are still high compared to 2021.

Response Strategy:

Point out that rates have stabilized, and buyers can refinance later if rates drop.

Professional Recommendations

1

Stay updated on new inventory and price reductions daily.

2

Educate buyers on market normalization and realistic expectations.

3

Highlight Wichita's affordability and stability in marketing materials.

4

Network with local employers and relocation services for buyer leads.

5

Advise sellers to price competitively and invest in minor updates for faster sales.

Competitive Analysis

Comparable Markets

  • Omaha, NE
  • Tulsa, OK
  • Des Moines, IA

Market Positioning

Affordable, stable, and resilient Midwest market with moderate growth potential.

Competitive Advantages

  • Lower median home price than peer cities
  • Strong industrial base
  • Stable rental market

Price Comparison

Wichita's median home price ($205,000) is lower than national average and most comparable Midwest metros.

Investment Metrics

6-7% typical for single-family rentals
Cap Rates
~7% gross yield (metro average)
Rental Yields
~13-15 (favorable for investors)
Price-to-Rent
Positive cash flow achievable with 20% down in most neighborhoods
Cash Flow
2-3% annual appreciation expected through 2026
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from affordability and down payment assistance programs; competition is moderate but manageable.

Move-Up Buyers

Can leverage equity gains from previous sales; more options in mid-range price points.

Downsizers

Find value in established neighborhoods and new low-maintenance developments.

Investors

Attractive cash flow, stable tenant demand, and low entry prices; focus on proximity to universities and hospitals.

Relocators

Appealing due to job opportunities in aerospace, healthcare, and education; affordable cost of living.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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