Real Estate Investing in Wichita, Kansas (67209)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67209 (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 (67209)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67209 Wichita
This part of Sedgwick County is not an easy win. The 67209 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 67209 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 67209'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.
Demographically, 67209 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. resilient returns are possible in 67209, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wichita:
Property Strategy for 67209
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $178,530 | $1,060 | 4.3% | +6.7% | $89,265 |
| 3BR | $246,734 | $1,390 | 4.1% | +6.7% | $82,245 |
| 4BR | $280,346 | $1,720 | 4.4% | +6.1% | $70,087 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67209 Compare?
| Metric | 67209 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $260,138 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 5.9% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,598 | $1,302 | N/A | - |
| Cap Rate | 4.8% | 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 67209 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,138 |
| Monthly Rent | $1,598 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 67209
Population: 13,613
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 67209
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dodge Literacy Magnet
Kensler Elem
McCollom Elem
Peterson Elem
Wilbur Middle School
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
Frequently Asked Questions
How expensive is real estate in Wichita, KS?
Wichita, KS home values average about $260K. That price point suits investors targeting rentals with $1,598/mo in monthly income.
Is KS a landlord-friendly state?
Wichita, KS operates under KS law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is the tenant base reliable in Wichita, KS?
Expect a solid tenant pool in Wichita, KS. The rental market absorbs $1,598/mo rents without meaningful friction.
Does house hacking make sense in Wichita, KS?
Wichita, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $260K price point reasonable to enter.
Are there empty rentals in Wichita, KS?
Occupancy in Wichita, KS runs stable with elevated vacancy. Well-priced units at $1,598/mo lease on reasonable timelines.
You know 67209 now. You don’t know where it ranks.
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How 67209 ranks in Wichita, KS
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