Real Estate Investing in Wichita, Kansas (67214)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67214 (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.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 25.6% of homes vacant — above national norms.
- Elevated poverty: 26.5% poverty rate — can affect rent collection.
- Lower household income: $32,821 median — tenant affordability is tighter.
What’s happening in Wichita, KS (67214)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67214 Wichita
This part of Sedgwick County is not an easy win. The 67214 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Turning to rents, the numbers look inviting — $92K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67214 is substantial and deserves full respect.
Meanwhile, 67214 offers a low basis, the region around Wichita has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 67214 includes headwinds that any investor should price in. Income distribution skews lower than Wichita averages, and tenant stability requires active management.
The right play in 67214 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Wichita:
Property Strategy for 67214
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $64,456 | $680 | 7.6% | +11.1% | $64,456 |
| 2BR | $70,361 | $880 | 9.0% | +12.8% | $35,181 |
| 3BR | $93,846 | $1,150 | 8.8% | +12.5% | $31,282 |
| 4BR | $123,315 | $1,420 | 8.3% | +10.3% | $30,829 |
| 5BR | $148,959 | — | — | +10.9% | $29,792 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67214 Compare?
| Metric | 67214 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $91,724 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 10.7% | 6.0% | N/A | 7.2% |
| Avg Rent | $846 | $1,302 | N/A | - |
| Cap Rate | 7.2% | 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 67214 (Wichita, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 67214 (Wichita, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $91,724 |
| Monthly Rent | $846 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.1% |
| Cap Rate | 7.2% |
| 5-Year IRR | 17.9% |
📈 Home Appreciation
| 1-Year | +12.7% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +10.7% ▲ |
| 10-Year CAGR | +10.1% ▲ |
🏠 Rent Trends
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67214
Population: 15,553
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 67214
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
O K Elem
Adams Elem
College Hill Elem
Gardiner Elem
Hamilton 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
Investor Insight: With 2,059 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Wichita, KS real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Wichita, KS. The numbers - $92K homes against $846/mo rents - support that play.
What is the average monthly rent in Wichita, KS?
Rent in Wichita, KS is around $846/mo. The resulting rent-to-value relationship with $92K pricing is reasonable for most investor models.
Is Wichita, KS a friendly market for rental owners?
Wichita, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How viable is house hacking in Wichita, KS?
The house hack math a challenging in Wichita, KS. Owner-occupant buyers benefit from the $846/mo rents and $92K home values.
What kind of vacancy should I budget for in Wichita, KS?
Wichita, KS vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 67214 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67214 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 67214 ranks in Wichita, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 67214 (Wichita)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 67214 (Wichita, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.