Real Estate Investing in Wichita, Kansas (67228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67228 (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.
- High price-to-rent: Price-to-rent ratio 32.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wichita, KS (67228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67228 Wichita
ZIP 67228 inside Sedgwick looks affordable on the surface — median value of $486K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 67228 can be a a solid fit for hunting ground — but the discount at $486K reflects genuine risk that outside investors often underestimate.
Regionally, 67228 sits on the difficult end of the KS spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 67228 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 67228 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wichita:
Property Strategy for 67228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $403,192 | $1,830 | 3.3% | +4.7% | $134,397 |
| 4BR | $505,590 | $2,260 | 3.2% | +5.5% | $126,397 |
| 5BR | $483,681 | — | — | +4.4% | $96,736 |
Market Trends
Home Value History (with trend line)
📊 How Does 67228 Compare?
| Metric | 67228 | Wichita | Kansas |
|---|---|---|---|
| Home Value | $486,092 | $225,800 | $237,409 |
| 5-Year CAGR | 3.8% | 6.0% | 7.2% |
| Avg Rent | $1,251 | $1,302 | - |
| Cap Rate | 2.0% | 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 67228 (Wichita, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 67228 (Wichita, KS)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $486,092 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 32.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (2.0%). 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 67228
Population: 2,529
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 67228
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Gammon Elem
Northeast Magnet High School
Circle Greenwich Elementary
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
Does Wichita, KS make sense for an investment property?
The 3.0/5 investability rating in Wichita, KS reflects its $486K prices and $1,251/mo rents. Investors generally consider it a solid option within KS.
How much rent can I charge in Wichita, KS?
Rents in Wichita, KS run near $1,251/mo. Compared with median home prices of $486K that produces solid gross yields for typical rentals.
What strategy should investors use in Wichita, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Wichita, KS. With home values at $486K and rents near $1,251/mo, other strategies can work but produce predictable rather than outsized returns.
Does house hacking work in Wichita, KS?
House hacking works a challenging in Wichita, KS. Rents of $1,251/mo against $486K acquisition make the strategy solid for owner-occupants.
What kind of tenants rent in Wichita, KS?
Wichita, KS offers a measured renter base at the $1,251/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 67228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 67228 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.
AI Market Advisor
Ask questions about investing in 67228 (Wichita)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 67228 (Wichita, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.