Real Estate Investing in Wichita, Kansas (67223)
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Should you buy in 67223 (Wichita, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- 1-year downturn: Values declined 5.3% in the last year.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wichita, KS (67223)?
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Market Analysis: 67223 Wichita
The 67223 ZIP covers a section of Wichita that demands careful diligence. Prices near $329K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 67223 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within KS, ZIP 67223 trails on several market indicators that neighboring Sedgwick submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 67223 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.
Strategically, 67223 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wichita:
Market Trends
Home Value History (with trend line)
📊 How Does 67223 Compare?
| Metric | 67223 | Wichita | Kansas |
|---|---|---|---|
| Home Value | $328,671 | $225,800 | $237,409 |
| 5-Year CAGR | 2.4% | 6.0% | 7.2% |
| Avg Rent | $1,395 | $1,302 | - |
| Cap Rate | 3.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67223 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $328,671 |
| Monthly Rent | $1,395 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -5.3% ▼ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (3.3%). 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 67223
Population: 773
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are eviction rules reasonable in Wichita, KS?
For rental operators, Wichita, KS rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the typical rental rate in Wichita, KS?
Investors in Wichita, KS typically see rents near $1,395/mo per month against $329K home values - a solid setup for rental cash flow.
Is it easy to find good tenants in Wichita, KS?
Tenant demand in Wichita, KS is solid. The local workforce $1,395/mo rents across most rental classes.
What investment strategy works best in Wichita, KS?
In Wichita, KS the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $329K prices and $1,395/mo rents suits that approach.
What is the median home value in Wichita, KS?
Typical homes in Wichita, KS go for around $329K. The 5-year CAGR of 0.0% measured price movement.
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