 |
Property Makler
Advanced analytics for residential real estate investing | ||||||||
|
Dubai, UAE US |
Dubai US Market Research
Wichita, KS housing market
Housing market indicators
| Indicator | 2022 | 2023 | 2024 | 2025* | Change | 2022 | 2023 | 2024 | YTD |
|---|---|---|---|---|---|---|---|---|---|
| Median Listing Price per Square Feet | $136 | $141 | $144 | $141 | 22.5% | 3.7% | 2.1% | -2.1% | |
| Active Listing Count | 944 | 1,162 | 1,602 | 2,017 | 39.9% | 23.1% | 37.9% | 25.9% | |
| Median Days on Market | 59 | 58 | 65 | 51 | 15.7% | -1.7% | 12.1% | -21.5% | |
| Share of listings with price increase | 2.2% | 1.5% | 1.3% | 0.9% | |||||
| Share of listings with price decrease | 8.9% | 11.1% | 14.1% | 15.2% | |||||
* last available value
Home prices
Short term housing supply drivers
Long term housing demand drivers
Long term housing supply drivers
Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED
Housing market overview
Wichita, KS MSA Overview and Key Areas
| Area | City/Town | Population | Density | Income | Quality of Schools | Crime Level | Property Tax (%) | Comments |
|---|---|---|---|---|---|---|---|---|
| Core Urban | Wichita | 400,991 (2024 est.) | 2,305/sq mi | Median | GreatSchools 4-8/10 | Moderate-High | 1.5% | Largest city, economic hub, diverse neighborhoods |
| East Suburbs | Derby | 25,625 | 1,200/sq mi | High | GreatSchools 6-9/10 | Low | 1.4% | Family-friendly, growing commuter town |
| East Suburbs | Andover | 14,892 | 900/sq mi | High | GreatSchools 7-10/10 | Very Low | 1.3% | Affluent, excellent schools |
| East Suburbs | El Dorado | 12,870 | 1,100/sq mi | Low-Median | GreatSchools 4-7/10 | Moderate | 1.6% | Oil history, lake recreation |
| North Suburbs | Park City | 8,333 | 1,500/sq mi | Median | GreatSchools 5-8/10 | Moderate | 1.4% | Affordable housing near airport |
| North Suburbs | Bel Aire | 8,262 | 800/sq mi | High | GreatSchools 7-9/10 | Low | 1.3% | Upscale residential |
| West Suburbs | Maize | 5,735 | 700/sq mi | High | GreatSchools 8-10/10 | Very Low | 1.2% | Rapid growth, top schools |
| South Suburbs | Haysville | 11,262 | 1,400/sq mi | Median | GreatSchools 5-8/10 | Low-Moderate | 1.5% | Working-class, aviation ties |
| South Central | Arkansas City | 11,974 | 1,300/sq mi | Low | GreatSchools 3-6/10 | Moderate-High | 1.7% | Industrial, near Sumner County line |
| Central | Newton | 18,602 | 1,600/sq mi | Median | GreatSchools 6-9/10 | Low | 1.5% | Harvey County seat, Mennonite heritage |
To view all table columns, please open this table on a laptop or desktop screen.
- Wichita MSA covers Sedgwick, Butler, Harvey, Sumner counties; total population 661,217 (2024).
- Area spans 4,148 sq mi; density 157/sq mi overall.
- Key regions: urban core (Wichita), east suburbs (Derby, Andover), north suburbs (Park City, Bel Aire, Maize), south suburbs (Haysville), outlying (Newton, El Dorado, Arkansas City).
- No local personal income tax; state tax applies uniformly.
- Property taxes average 1.4-1.6% across areas, higher in rural fringes.
Citizens: Income and Education
- Median household income MSA-wide: $62,000 (2023 ACS).
- Per capita income: $32,500; 15% poverty rate.
- Wichita city median income: $58,000; suburbs higher at $70,000+ (Derby, Andover).
- Education: 30% bachelor's degree or higher (MSA); Wichita 28%, suburbs 35%+.
- High school graduation: 90%; workforce skilled in trades, aviation.
- 25-44 age group: 25% of population; median age 35.6.
- Racial demographics: 72% White, 8% Black, 4% Asian, 14% Hispanic.
Key Economic Sectors
- Aviation and aerospace: 25% of economy; Wichita "Air Capital" with Spirit, Textron, Boeing presence.
- Manufacturing: 15%; advanced manufacturing, food processing.
- Healthcare: 12%; Via Christi, Wesley Medical Center employ 20,000+.
- Education: Wichita State University, Friends University; 15,000 students.
- Retail and services: 20%; agriculture support (wheat, cattle).
- Energy: Oil/gas in Butler, Sumner counties.
- Unemployment: 3.5% (2024); GDP growth 2.1% annually.
Housing Buying Market: Supply Drivers
- Zoning: Moderately open in suburbs; Wichita core restrictive on density.
- Regulatory strictness: Average; permitting 4-6 months for single-family.
- Construction workforce: Low cost; labor $25-35/hr, ample trades from aviation.
- New permits: 2,500/year MSA; inventory 4 months' supply.
- Land availability: Abundant in outskirts; Sedgwick County 50% developable.
- Material costs: Stable; local suppliers reduce delays.
- Barriers: Aging infrastructure in core limits rehab.
Housing Buying Market: Demand Drivers
- Net migration: +2,000/year; in-migration from Texas, Oklahoma for affordability.
- Growing industries: Aerospace (Spirit expansions +1,500 jobs), healthcare (+800 jobs).
- Declining: Oil refining (El Dorado -200 jobs), traditional manufacturing.
- Population growth: 0.5% annual; suburbs +1.2% (Maize, Derby).
- Remote work influx: +500 households post-2020 from coastal areas.
- Median home price: $210,000 (up 5% YoY); affordable vs national $400,000.
Key Challenges on the Housing Market
- Low inventory: 3.8 months' supply; bidding wars in suburbs.
- Affordability strain: 25% of income on housing for median buyer.
- Aging housing stock: 40% homes pre-1980 need updates.
- Core urban vacancy: 8% in Wichita; crime deters investment.
- Labor shortages: Skilled plumbers, electricians tight despite low unemployment.
- Insurance rises: Tornado risk increases premiums 10% YoY.
- Infrastructure lag: Roads, sewers outdated in fringes.
Investment Potential Differences Between Geographic Areas/Regions
| Area | Appreciation Potential | Risk | Key Drivers |
|---|---|---|---|
| East Suburbs (Derby, Andover) | High | Low | School quality, low crime, commuter growth, new builds |
| North Suburbs (Maize, Bel Aire) | High | Low | Rapid pop growth, top schools, airport proximity |
| Wichita Core | Medium | Medium | Revitalization projects, job hub, but crime/vacancy |
| South Suburbs (Haysville) | Medium | Low-Medium | Aviation jobs, affordability, steady demand |
| Outlying (Newton, El Dorado) | Low | High | Declining industries, distance from jobs, higher taxes |
| South Central (Arkansas City) | Low | High | Industrial decline, poor schools, crime |
To view all table columns, please open this table on a laptop or desktop screen.
- Overall MSA appreciation: 4-6% annual past 5 years.
- Suburban premium: 20% higher returns vs core.
- Risks mitigated by low entry prices, stable economy.
Property Makler © 2026 Contacts T&C About