Wichita, KS
Sedgwick County · Pop. 397,532
Ranked #3 of 243 cities
64Moderate
Median Home Price
🏠$180K
3.2% YoY
Median Rent
🔑$950
2.0% YoY
Median Income
💰$48K
Rent Burden
📊27.0%
% of income to rent
Income to Buy
🏦$52K
annual income needed
Income to Rent
📝$38K
annual income needed
Price-to-Income
⚖️3.8x
Homeownership
🏡60.0%
Rent vs. Buy
Buy
$958/mo
Est. mortgage (7%, 20% down)
Need $52K/yr income
Rent
$950/mo
Median rent
Need $38K/yr income
How Wichita Compares
| Metric | Wichita | Kansas | National |
|---|---|---|---|
| Home Price | $180K | $220K | $410K |
| Rent | $950 | $1,036 | $1,500 |
| Income | $48K | $70K | $75K |
| Rent Burden | 27.0% | 27.0% | 30.0% |
Key Takeaways
- • Home prices in Wichita are 56% lower than the national average.
- • Rent is 37% lower than the national average.
- • You need an income of $52K to comfortably buy a home here.
- • The homeownership rate is 60.0%, compared to 65.0% nationally.