Real Estate Investing in Wichita, Kansas (67216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67216 (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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 15.5% of homes vacant — above national norms.
What’s happening in Wichita, KS (67216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67216 Wichita
ZIP 67216 inside Sedgwick County looks affordable on the surface — median value of $137K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 67216 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 67216'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.
Who lives in 67216 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 67216 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wichita:
Property Strategy for 67216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $110,462 | $990 | 6.5% | +11.2% | $55,231 |
| 3BR | $143,785 | $1,300 | 6.5% | +9.2% | $47,928 |
| 4BR | $178,740 | $1,610 | 6.5% | +8.2% | $44,685 |
| 5BR | $203,865 | — | — | +7.1% | $40,773 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67216 Compare?
| Metric | 67216 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $136,643 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 7.3% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,109 | $1,302 | N/A | - |
| Cap Rate | 6.3% | 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 67216 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,643 |
| Monthly Rent | $1,109 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). 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 67216
Population: 22,529
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 67216
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cessna Elem
Enders STEM and Leadership Magnet
Enterprise Elem
Kelly Liberal Arts Academy
Woodman 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
Does Wichita, KS favor landlords or tenants?
For rental operators, Wichita, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Does house hacking make sense in Wichita, KS?
The a challenging house-hack environment in Wichita, KS reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What price range are homes in Wichita, KS?
In Wichita, KS the median home value sits at $137K. Against the broader KS market, that reads as reasonable for most investors.
How should investors approach Wichita, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Wichita, KS. With home values at $137K and rents near $1,109/mo, other strategies can work but produce steady rather than outsized returns.
How strong is the working-renter base in Wichita, KS?
Tenant quality in Wichita, KS ranks as solid. Landlords generally report consistent occupancy at market rents of $1,109/mo.
You know 67216 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67216 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 67216 ranks in Wichita, KS
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