Old Town

Wichita, KS

Neighborhood Market Analysis

Q3 2025 Report
$260,000 (loft-style condos, 2025 estimate)
Median Home Price
85 (Very Walkable)
Walkability Score
Public schools rated average (5–7/10); private options highly rated.
School Rating

Location Overview

Neighborhood Boundaries

Eastern edge of downtown Wichita, generally bounded by Douglas Avenue to the south, Central Avenue to the north, Washington Avenue to the east, and Santa Fe Street to the west. Adjacent to the Douglas Design District.

Zip Codes

67202

Market Data Summary

Price Range$180,000–$400,000+ (lofts, condos, townhomes)
Price per Sq Ft$180–$240/sq ft (2025)
Inventory LevelsLow; most listings are absorbed within a month, with less than 2 months of supply.

Property Characteristics

Home Types & Architecture

Home Types

Loft-style condosConverted warehouse apartmentsTownhomesMixed-use residential units

Architectural Styles

Historic warehouse (late 1800s–early 1900s)Brick industrialNative limestone accentsContemporary loft conversions

Property Details

Typical Lot SizesN/A (primarily multi-unit buildings and condos)
Home Age RangeLate 1800s–early 1900s (original structures); most residential conversions since 1990s–present
Construction QualitySolid masonry, exposed brick, timber beams, high ceilings; many units feature modern upgrades while retaining historic character.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly young professionals, creatives, and empty nesters. Median age: 33. Diverse, with a mix of singles, couples, and some small families.

Community Vibe

Urban, vibrant, artsy, and historic. Strong sense of local pride and community engagement. Nightlife and cultural events are central.

Typical Residents

  • Young professionals
  • Entrepreneurs
  • Artists/creatives
  • Empty nesters

Family Friendly

Moderate; more suited to adults and couples, but some family amenities nearby.

Amenities & Lifestyle

Parks & Recreation

  • Old Town Plaza
  • Naftzger Park (adjacent)
  • Bike paths connecting to Arkansas River

Dining Options

  • Sabor Latin Bar & Grill
  • Larkspur Bistro & Bar
  • Mort’s Martini & Cigar Bar
  • River City Brewing Co.

Shopping Centers

  • Eclectic boutiques and specialty shops; no large malls within Old Town

Local Businesses

  • The Anchor (gastropub)
  • Lucinda’s (boutique)
  • Old Town Farmers’ Market
  • Public at the Brickyard (restaurant)

Education & Schools

Public schools rated average (5–7/10); private options highly rated.
Overall School Rating

Elementary Schools

  • Adams Elementary (nearby)

Middle Schools

  • Robinson Middle School (nearby)

High Schools

  • East High School (nearby)

Private Schools

  • Wichita Collegiate (short drive)
  • The Independent School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Wichita Transit Q-Line (free downtown trolley)
  • Bus routes along Douglas Ave

Major Roads

  • Douglas Ave
  • Washington Ave
  • Central Ave

Commute & Walkability

Commute Times5–10 minutes to downtown core; 15–20 minutes to major employers and hospitals.
WalkabilityExcellent; most errands and entertainment accessible on foot.
ParkingMix of street parking, public garages, and private lots. Parking can be tight during peak nightlife hours.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Investors
  • Empty nesters
  • Remote workers

Key Selling Points

  • Historic loft conversions
  • Vibrant dining and nightlife
  • Walkability
  • Unique architectural character

Pricing Considerations

Price competitively due to high demand but be mindful of unit upgrades and view/floor location.

Common Objections & Response Strategies

Objection: Noise from nightlife and events

Response Strategy:

Highlight newer windows and soundproofing; suggest units on upper floors or away from main streets.

Objection: Limited parking

Response Strategy:

Point out nearby public garages, private parking options, and the walkability to most amenities.

Objection: School quality for families

Response Strategy:

Emphasize proximity to highly rated private schools and the urban lifestyle benefits for adults.

Objection: Safety concerns

Response Strategy:

Share recent crime data, highlight community policing, and note increased security during peak hours.

Investment Insights

Investment Potential

Appreciation Potential

Strong; 5–7% annual appreciation expected as demand for urban living continues and supply remains limited.

Rental Demand

Very high; vacancy rates under 4%. Popular with young professionals and medical residents.

Buyer Competition

High; multiple offers common for well-priced units.

Best For

  • Investors seeking rental income
  • Young professionals
  • Empty nesters wanting walkability

Potential Concerns

  • Noise from nightlife
  • Limited parking
  • School quality for families

Professional Recommendations

1

Emphasize historic character and unique loft features in marketing.

2

Prepare buyers for urban living trade-offs (noise, parking).

3

Leverage virtual tours and social media to reach remote buyers.

4

Network with local businesses for cross-promotion.

5

Stay current on upcoming developments and city plans to inform clients.

Competitive Analysis

Comparable Markets

  • Delano District
  • Downtown Core
  • Douglas Design District

Market Positioning

Premier urban lifestyle district for Wichita; appeals to buyers seeking authenticity and convenience.

Competitive Advantages

  • Unique historic architecture
  • Best walkability in Wichita
  • Strong dining/nightlife scene

Price Comparison

Slightly higher per sq ft than Delano and Douglas Design District due to location and amenities.

Investment Metrics

5.5–6.5% (2025, typical for downtown Wichita lofts)
Cap Rates
6–7% gross annual yield
Rental Yields
15–17
Price-to-Rent
Positive for well-managed units, especially furnished rentals.
Cash Flow
5–7% annual appreciation expected through 2027.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by urban lifestyle and lower maintenance; may need education on HOA/condo fees and parking.

Move-Up Buyers

Often relocating from suburbs for convenience and walkability; value unique spaces and amenities.

Downsizers

Appreciate lock-and-leave lifestyle, proximity to culture, and minimal upkeep.

Investors

Strong rental demand and appreciation; short-term rental potential is a draw.

Relocators

Appeal is high for those moving for jobs at downtown employers or medical centers.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

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

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