Riverside

Wichita, KS

Neighborhood Market Analysis

Q3 2025 Report
$161,493[1]
Median Home Price
High; most errands can be accomplished on foot, especially near parks and museums[2].
Walkability Score
Public schools rated C overall[1].
School Rating

Location Overview

Neighborhood Boundaries

Surrounded by the Little Arkansas River and Arkansas River, approximately two miles northwest of Downtown Wichita.

Zip Codes

67203

Market Data Summary

Price RangeRecent listings range from $159,900 for a 2-bed, 1-bath bungalow to higher for larger historic homes[4].
Price per Sq FtNot explicitly stated; inferred from $159,900 for 896 sq ft (~$178/sq ft)[4].
Inventory LevelsModerate; mix of historic homes and apartments, with both rentals and owner-occupied properties available[1][2].

Property Characteristics

Home Types & Architecture

Home Types

Historic single-family homesBungalowsApartmentsDuplexes

Architectural Styles

CraftsmanVictorianTudor RevivalMid-century

Property Details

Typical Lot SizesSmall to medium urban lots, often with mature trees and landscaping.
Home Age RangeMany homes built in early 20th century (1900s-1940s), with some newer infill properties.
Construction QualityGenerally solid, with many well-maintained historic homes; some properties may require updates or restoration.

Community Profile

Demographics & Lifestyle

Demographics

Population ~3,021. Diverse, with a mix of ages and backgrounds. 51% owner-occupied, 49% renter-occupied[1].

Community Vibe

Eclectic, historic, and arts-oriented. Strong sense of neighborhood pride and community engagement. Active neighborhood association.

Typical Residents

  • Young professionals
  • Artists and creatives
  • Families
  • Retirees

Family Friendly

Rated B+ for families; parks, playgrounds, and family events are common[1].

Amenities & Lifestyle

Parks & Recreation

  • Central Riverside Park
  • Botanica: The Wichita Gardens
  • Arthur B. Sim Golf Course
  • Riverside Tennis Center

Dining Options

  • Local cafes
  • Bistros
  • Nearby Delano dining and nightlife[2]

Shopping Centers

  • Small local shops; major shopping in nearby downtown or Delano districts.

Local Businesses

  • Coffee shops
  • Boutiques
  • Art galleries

Education & Schools

Public schools rated C overall[1].
Overall School Rating

Elementary Schools

  • Riverside Elementary

Middle Schools

  • Marshall Middle School

High Schools

  • North High School

Private Schools

  • Several options within a short drive, but not specified within Riverside.

Transportation & Accessibility

Transit & Roads

Public Transit

  • Wichita Transit bus routes serve the area.

Major Roads

  • Nims St
  • Central Ave
  • Seneca St

Commute & Walkability

Commute TimesShort commute to downtown (5-10 minutes by car or bike)[2].
WalkabilityHigh, especially near parks and museums[2].
ParkingGenerally good; street and off-street parking available, but can be tighter near popular parks and events.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Artists and creatives
  • Families seeking urban amenities
  • Investors

Key Selling Points

  • Historic homes with character
  • Access to green spaces and river views
  • Vibrant arts and cultural scene
  • Walkability to amenities

Pricing Considerations

Price competitively given average school ratings and higher crime rates, but leverage unique historic features and location.

Common Objections & Response Strategies

Objection: Concern about crime rates.

Response Strategy:

Emphasize active neighborhood watch, community engagement, and recent safety improvements.

Objection: Average school ratings.

Response Strategy:

Highlight enrichment opportunities, proximity to museums, and access to private/charter options.

Objection: Older homes may need repairs.

Response Strategy:

Point out recent updates, solid construction, and potential for customization.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; historic charm and proximity to downtown support steady demand, but crime rates may temper rapid appreciation.

Rental Demand

Strong, with 49% of residents renting and stable apartment occupancy[1][2].

Buyer Competition

Moderate; unique historic homes attract niche buyers, but inventory is not overly tight.

Best For

  • First-time buyers
  • Young professionals
  • Investors seeking stable rental income
  • Buyers seeking historic character

Potential Concerns

  • Crime rates
  • Some homes may need renovation
  • School ratings are average

Professional Recommendations

1

Leverage the neighborhood's historic charm and arts scene in marketing materials.

2

Host open houses during community events or at nearby parks to attract foot traffic.

3

Educate buyers on renovation incentives and historic preservation grants.

4

Network with local businesses and artists to build community connections.

5

Be proactive in addressing safety concerns and highlighting community engagement.

Competitive Analysis

Comparable Markets

  • Delano
  • College Hill
  • Indian Hills Riverbend[3]

Market Positioning

Best suited for buyers seeking character, walkability, and urban amenities at an affordable price point.

Competitive Advantages

  • Historic architecture
  • Proximity to downtown and river
  • Vibrant arts scene

Price Comparison

More affordable than College Hill; similar to Delano but with more green space and historic homes.

Investment Metrics

Estimated 6-7% for well-maintained rentals, based on stable rents and moderate home prices.
Cap Rates
Strong, with average rents of $486 (studio) to $597 (2BR) and median home values around $161k[1][2].
Rental Yields
Approximately 13-14, indicating a balanced market for both investors and owner-occupants.
Price-to-Rent
Positive for updated properties, especially multi-family or well-located single-family homes.
Cash Flow
Steady, with moderate long-term growth expected due to location and historic appeal.
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, walkability, and character; may need education on renovation and maintenance.

Move-Up Buyers

Drawn to larger historic homes or riverfront properties; value community and amenities.

Downsizers

Appeal of low-maintenance bungalows and walkable lifestyle.

Investors

Strong rental demand and stable returns; focus on well-maintained or value-add properties.

Relocators

Proximity to downtown and cultural attractions is a major draw.

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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