Real Estate Investing in Wichita, Kansas (67217)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67217 (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.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
- Elevated poverty: 20.2% poverty rate — can affect rent collection.
What’s happening in Wichita, KS (67217)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67217 Wichita
This part of Sedgwick County is not an easy win. The 67217 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 67217 is healthy only for operators who understand what they are buying. A $165K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On balance, 67217 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.
Resident income in 67217 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Wichita's stable or hybrid ZIPs before stepping into 67217. 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 67217
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,527 | $1,130 | 5.9% | +8.6% | $69,263 |
| 3BR | $159,220 | $1,480 | 6.7% | +8.3% | $53,073 |
| 4BR | $197,196 | $1,830 | 6.7% | +7.6% | $49,299 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67217 Compare?
| Metric | 67217 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $164,787 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 6.7% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,193 | $1,302 | N/A | - |
| Cap Rate | 5.7% | 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 67217 (Wichita, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 67217 (Wichita, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $164,787 |
| Monthly Rent | $1,193 |
| Price-to-Rent | 11.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.7% |
| Cap Rate | 5.7% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). 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 67217
Population: 32,529
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 67217
Schools in This ZIP Code
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
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.
How strong is the working-renter base in Wichita, KS?
Tenant demand in Wichita, KS is solid. The local workforce $1,193/mo rents across most rental classes.
How much do tenants pay in Wichita, KS?
Expect rents around $1,193/mo per month in Wichita, KS. With home values at $165K, the yield math works out to reasonable levels for rental investors.
Is Wichita, KS landlord-friendly?
KS ranks as a landlord-friendly state for landlord-tenant law. Wichita generally follows the statewide framework, so landlords face reasonable operating rules.
Is housing expensive in Wichita, KS?
Wichita, KS home values average about $165K. That price point suits investors targeting rentals with $1,193/mo in monthly income.
You know 67217 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67217 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 67217 ranks in Wichita, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 67217 (Wichita)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 67217 (Wichita, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.