Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$222,219+2.9% YoY · prices are rising
Market right nowSeller's marketFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$48,172About 0.7× the local median income ($72,700): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.9%Zillow expects prices to rise slightly
The typical home in Wichita, KS is worth $222,219, up 2.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $194,537, so the area is 14.2% overvalued. It is a seller's market: homes take about 54 days to sell, listings are down 4% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.9% over the next year. A household needs about $48,172 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,700. Typical rent is $1,206 a month, or $1,398 for a house. In the latest IRS figures, 380 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$222,219
Change in 1 year
+2.9%
Overvalued %
+14.2%
Show 7 more
Fair home value
$194,537
Change in 5 years
+30.0%
Zillow forecast, next 12 months
+3.9%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,204
Income needed to afford it
$48,172
Property tax rate
1.26%
Rent and investing
Typical rent
$1,206
Typical rent for houses
$1,398
Price-to-rent ratio
15.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,043
Gross rental yield
6.51%
Cap rate (estimate)
4.23%
Market activity
Listings vs a year ago
−3.8%
Days on market
54
Listings with a price cut
16.2%
Show 3 more
Homes for sale
1,940
Pending sales per 100 listings
43
Asking price per sq ft
$144
People and jobs
Median household income
$72,700
Population change (1 year)
+0.7%
Unemployment rate
4.9%
Show 4 more
Population
663,809
Income adjusted for cost of living
$81,777
Net moves in (IRS)
+380
Cost of living (US = 100)
88.9
Schools, risk and environment
School rating (1 to 10)
4.5
FEMA hazard risk score (0 to 100)
89.8
Unhealthy air days a year
1
Show 4 more
Flood risk score
88.6
Wildfire risk score
92.2
Walkability (1 to 20)
9.5
Road, rail and air noise
52 dB
Questions people ask
Is Wichita, KS overvalued?
Home prices in Wichita, KS are well above what local incomes have historically supported: fair value is about $194,537, so the area is 14.2% overvalued.
Is Wichita, KS a buyer's or seller's market?
Wichita, KS is a seller's market: homes take about 54 days to sell, listings are down 4% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Wichita, KS?
Home values in Wichita, KS are up 2.9% over the last year. Zillow's forecast for the next 12 months is +3.9%.
How much do you need to earn to buy a home in Wichita, KS?
A household needs about $48,172 a year to afford the typical home in Wichita, KS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,700.