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Wichita

Learn about the people, housing, costs and businesses in Wichita

Median Home$205,497
Median Rent$1,091/month
Population652,622
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆+16.4% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners65% of occupied units
NotableAffordable Market$205k median home · lower cost than 75% of the country
Wichita

Frequently Asked Questions

What are today's mortgage rates in Wichita?

Mortgage rates for Wichita are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Wichita
What is the median home price in Wichita?

The median home value in Wichita is $205k. The median monthly rent is $1,091. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wichita?

Home values in Wichita have increased 16.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wichita?

Based on a typical all-in ownership cost of $1,147/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wichita is $77k/year.

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What industries drive the economy in Wichita?

The largest employment sectors in Wichita are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.