Real Estate Investing in Wichita, Kansas (67235)
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Should you buy in 67235 (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.
No major risk flags on the data we track.
What’s happening in Wichita, KS (67235)?
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Market Analysis: 67235 Wichita
The 67235 ZIP in Wichita, KS is a local-operator market. Outside capital chasing a $364K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $364K asset, 67235 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 67235 sits on the difficult end of the KS spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 67235 includes headwinds that any investor should price in. Income distribution skews lower than Wichita averages, and tenant stability requires active management.
The 67235 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 67235
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $333,525 | $1,650 | 3.6% | +4.7% | $166,763 |
| 3BR | $304,175 | $2,170 | 5.1% | +5.2% | $101,392 |
| 4BR | $354,888 | $2,680 | 5.4% | +5.2% | $88,722 |
| 5BR | $417,291 | — | — | +5.2% | $83,458 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 67235 Compare?
| Metric | 67235 | Wichita | Wichita, KS | Kansas |
|---|---|---|---|---|
| Home Value | $364,436 | $225,800 | N/A | $237,409 |
| 5-Year CAGR | 4.3% | 6.0% | N/A | 7.2% |
| Avg Rent | $1,633 | $1,302 | N/A | - |
| Cap Rate | 3.5% | 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 67235 (Wichita, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $364,436 |
| Monthly Rent | $1,633 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (3.5%). 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 67235
Population: 15,442
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
Is Wichita in KS worth investing in?
Our data puts Wichita, KS at 3.0/5 for investability. Home prices of $364K and rents around $1,633/mo create a solid backdrop for investor activity.
What is the best play in Wichita, KS?
For Wichita, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are vacancy rates like in Wichita, KS?
Wichita, KS sees elevated vacancy, which is reasonable relative to the broader KS rental market.
Does a duplex house hack pencil in Wichita, KS?
For house hackers, Wichita, KS is a challenging. The $1,633/mo rent on a unit helps defray the mortgage on a $364K property.
Where do rents currently stand in Wichita, KS?
Investors in Wichita, KS typically see rents near $1,633/mo per month against $364K home values - a solid setup for rental cash flow.
You know 67235 now. You don’t know where it ranks.
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How 67235 ranks in Wichita, KS
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