Real Estate Investing in Mulvane, Kansas

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1 ZIP codes • Population: 8,222 • Sedgwick County

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Should you buy in Mulvane, KS? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $240,609
Avg Monthly Rent $1,183
ZIP Codes 1

Investing in Mulvane Real Estate

Mulvane in Kansas is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Mulvane is in that category.

Rent trends and price trends in Mulvane are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Kansas.

Distressed-leaning demographics in Mulvane — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Wichita, KS

Mulvane is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$240,609
Avg Monthly Rent
$1,183
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Wichita, KS metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
40%
Days Pending
1/2
43 days

View all metro crash risk rankings →

⚖️ Balanced Market — Wichita, KS metro
43
Days to pending
8.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Mulvane, KS

Screen every ZIP in Mulvane

Filter Mulvane’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Mulvane, KS

Do rentals sit vacant long in Mulvane, KS?

Rental vacancy in Mulvane, KS is elevated. Investors should budget normal turnover but not chronic empty units.

How much is rent in Mulvane, KS?

Rents in Mulvane, KS run near $1,183/mo. Compared with median home prices of $241K that produces solid gross yields for typical rentals.

What is the average home sale price in Mulvane, KS?

Expect median prices around $241K in Mulvane, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.

Is Mulvane, KS a good market for FHA house hackers?

Mulvane, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $241K price point reasonable to enter.

Is Mulvane, KS better for rentals, flips, or BRRRR?

Mulvane, KS investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($241K prices, $1,183/mo rents) make it a reasonable choice.

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