Real Estate Investing in Wichita, Kansas (67220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67220 (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 (67220)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67220 Wichita
The 67220 ZIP covers a section of Wichita that demands careful diligence. Prices near $252K look accessible, but the work to make a deal cash flow is real.
Rent of $1,538/mo on a $252K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 67220 sits below the stated 0.0% once reality is priced in.
The gap between 67220 and stronger Wichita ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 67220 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 67220, 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 67220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,050 | $1,080 | 3.8% | +6.5% | $101,525 |
| 3BR | $228,564 | $1,420 | 4.5% | +7.2% | $76,188 |
| 4BR | $271,205 | $1,750 | 4.6% | +7.1% | $67,801 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67220 Compare?
| Metric | 67220 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $252,099 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,538 | $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 67220 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,099 |
| Monthly Rent | $1,538 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 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 67220
Population: 14,779
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 67220
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 4,852 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Wichita, KS?
Wichita, KS home values average about $252K. That price point suits investors targeting rentals with $1,538/mo in monthly income.
How high is vacancy risk in Wichita, KS?
Wichita, KS sees elevated vacancy, which is reasonable relative to the broader KS rental market.
What is the smart move for investors in Wichita, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Wichita, KS. With home values at $252K and rents near $1,538/mo, other strategies can work but produce even-keeled rather than outsized returns.
How landlord-friendly is Wichita, KS?
KS ranks as a landlord-friendly state for landlord-tenant law. Wichita generally follows the statewide framework, so landlords face reasonable operating rules.
Does Wichita, KS make sense for an investment property?
Yes - Wichita, KS a 3.0/5 investability score. With $252K home prices against $1,538/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 67220 now. You don’t know where it ranks.
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How 67220 ranks in Wichita, KS
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