Real Estate Investing in Wichita, Kansas (67204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67204 (Wichita, KS)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Wichita, KS (67204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67204 Wichita
Investors eyeing 67204 need to respect the fundamentals at play. Home values of $203K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 67204 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 67204's metrics run below Sedgwick County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 22,913 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.
New investors are better served looking at Wichita's stable or hybrid ZIPs before stepping into 67204. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Wichita:
Property Strategy for 67204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $78,157 | $830 | 7.6% | +8.9% | $78,157 |
| 2BR | $131,192 | $1,070 | 5.9% | +9.5% | $65,596 |
| 3BR | $199,198 | $1,410 | 5.1% | +7.8% | $66,399 |
| 4BR | $294,851 | $1,740 | 4.2% | +6.5% | $73,713 |
| 5BR | $428,524 | — | — | +4.9% | $85,705 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67204 Compare?
| Metric | 67204 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $202,814 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 7.7% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,368 | $1,302 | N/A | - |
| Cap Rate | 5.3% | 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 67204 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,814 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.3% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 67204
Population: 22,913
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 67204
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Gordon Parks Academy
Chisholm Trail Elem
Heights High
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
How strict are landlord regulations in Wichita, KS?
KS law landlord-friendly for landlords, and Wichita inherits those rules. Investors should still review local ordinances for rental licensing.
How qualified is the tenant pool in Wichita, KS?
Tenant quality in Wichita, KS ranks as solid. Landlords generally report stable occupancy at market rents of $1,368/mo.
What is the typical home price in Wichita, KS?
Wichita, KS median home values land near $203K. That is reasonable territory for investors looking at $1,368/mo-per-month rentals.
Which real estate strategy fits Wichita, KS?
In Wichita, KS the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $203K prices and $1,368/mo rents suits that approach.
Where do rents currently stand in Wichita, KS?
Rents in Wichita, KS run near $1,368/mo. Compared with median home prices of $203K that produces solid gross yields for typical rentals.
You know 67204 now. You don’t know where it ranks.
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How 67204 ranks in Wichita, KS
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