Real Estate Investing in Wichita, Kansas (67202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67202 (Wichita, KS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.1% of homes vacant — above national norms.
What’s happening in Wichita, KS (67202)?
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Market Analysis: 67202 Wichita
Turning to rents, ZIP 67202 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $295K median. It rewards specialists, not generalists.
For an experienced owner, 67202 can be a a credible choice for hunting ground — but the discount at $295K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 67202 among KS's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 2,102 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 67202 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wichita:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67202 Compare?
| Metric | 67202 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $295,420 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 4.9% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,287 | $1,302 | N/A | - |
| Cap Rate | 3.4% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67202 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,420 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67202
Population: 2,102
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 67202
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Stanley Elem
O K Elem
Payne Elem
Franklin Elem
Gardiner Elem
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,059 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Wichita, KS?
In Wichita, KS the median home value sits at $295K. Against the broader KS market, that reads as reasonable for most investors.
How strong are rents in Wichita, KS?
Wichita, KS rentals go for roughly $1,287/mo a month. That puts gross yield in solid territory relative to $295K acquisition costs.
Which real estate strategy fits Wichita, KS?
In Wichita, KS the durable play is typically careful cash-flow rentals with hands-on management. The combination of $295K prices and $1,287/mo rents suits that approach.
Does a duplex house hack pencil in Wichita, KS?
Wichita, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $295K price point reasonable to enter.
Is it easy to find good tenants in Wichita, KS?
Working renters make up the core of the Wichita, KS tenant base. The pool is reasonable for investors targeting long-term holds.
You know 67202 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67202 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 67202 ranks in Wichita, KS
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