Wichita, KS Housing Market
AI-powered market intelligence for the Wichita, KS metro area.
PropertyIQ Scores
Wichita, KS Market Analysis
Market Overview
Wichita’s housing market scores a 75 out of 100 on the PropertyIQ Index, placing it in moderate-to-solid territory, though the components of that score show a market that is cooling at the edges. The index is supported by a 12-month home value momentum driver of 7.84% and a median days on market of 51 days, both suggesting a reasonably healthy pace. At the same time, the three-month home value momentum is -0.41%, and 14.8% of listings have had a price cut, which points to softer short-term conditions. Compared with Kansas benchmarks, Wichita’s median home value of $226,045 is below the statewide median of $250,918, while its rent index of $1,214 is above the state average of $1,029.
The local economy adds a layer of stability. Wichita’s unemployment rate is 3.4%, lower than the state average of 3.8%, which supports housing demand. However, median household income is $68,930, trailing the Kansas average of $72,639 by about $3,700. That income gap tempers some of the affordability advantage created by lower home values. Overall, the market is not overheated, but it is not weak either: the 12-month momentum remains positive, while the recent three-month reading and price-cut share indicate a flattening in buyer urgency.
Key Trends
The first trend is a split between longer-term and short-term price momentum. The 12-month home value momentum driver is 7.84%, but the three-month momentum is -0.41%. The provided year-over-year home value change is $-9. Together, these metrics suggest that price appreciation has slowed from its longer-term pace, and sellers may be adjusting to a more cautious buyer environment.
A second trend is moderate inventory and market pace. Wichita has 1,682 homes for sale, and the median days on market is 51 days. That is not a deep supply glut, but it is also not a market where homes are moving immediately. The 14.8% share of listings with a price cut reinforces that conditions have become more negotiable, giving buyers a bit more leverage than they may have had during a stronger appreciation period.
Third, affordability is mixed. Wichita’s median home value of $226,045 is about $24,900 below the state average, which helps offset the area’s lower median household income. However, the rent index of $1,214 is higher than the state average of $1,029, meaning renting is relatively expensive compared with owning for those who can qualify for a mortgage. Still, the income gap relative to the state may limit how far buyer budgets can stretch.
A fourth trend is labor market resilience. The unemployment rate of 3.4% is below the Kansas average of 3.8%, indicating that Wichita’s employment base is a supportive factor for housing demand. A stable job market can help sustain buyer interest even as price momentum cools.
Who Is This Market For
Wichita is well suited to first-time buyers and budget-conscious households. The median home value of $226,045 is below the statewide median of $250,918, and the median days on market of 51 days gives buyers some time to make decisions without intense bidding pressure. While median household income is below the Kansas average, the lower home price point may help local workers enter homeownership, especially with an unemployment rate of 3.4% that signals steady employment.
For investors, the rent index of $1,214 relative to a median home value of $226,045 suggests a potentially interesting income-oriented profile, particularly because the state rent index is only $1,029. Investors should note, however, that the three-month momentum is slightly negative at -0.41% and 14.8% of listings have had a price cut, so near-term appreciation should not be assumed. Move-up buyers may also find opportunity in this environment, as the cooling momentum and negotiable seller conditions can reduce competition.
Outlook
The data points to a market that is stabilizing rather than accelerating. The 12-month home value momentum of 7.84% shows that Wichita has retained meaningful longer-term strength, but the -0.41% three-month momentum, the $-9 year-over-year home value change, and the 14.8% share of listings with price cuts indicate a slower near-term pace. With 1,682 homes for sale and a median days on market of 51 days, conditions are likely to remain balanced in the near term. The unemployment rate of 3.4% supports demand, while the income gap relative to the state may act as a check on rapid price growth. Population growth is not available in the provided data, so that demand signal cannot be assessed. Overall, the numbers support a cautious but not pessimistic outlook: modest price movement, steady but not urgent buyer activity, and a market that rewards realistic pricing and patient decision-making.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Wichita, KS market data
Wichita, KS Housing Market Overview
Wichita, KS's median home value is $226K, up 7.8% over the past year. Homes here sell in a median 51 days. Its PropertyIQ Score of 75 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Wichita, KS metropolitan area represents a distinct segment of KS's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Wichita, KS's PropertyIQ Score of 75 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Wichita, KS market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 7.8% over the past year.
Use PropertyIQ's interactive analytics to compare Wichita, KS against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Wichita, KS metro area
ZIP codes in the Wichita, KS metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Wichita, KS a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Wichita, KS currently scores 75, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $226K, up 7.8% over the past year. So whether Wichita, KS is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Wichita, KS?
Wichita, KS's PropertyIQ Score is 75, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 75 places Wichita, KS above its state benchmark.
Are home prices in Wichita, KS rising or falling?
Home prices in Wichita, KS are rising. Over the past year, the median home value increased 7.8%, reaching $226K. Over the latest three months, values slipped 0.4%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Wichita, KS's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Wichita, KS?
In Wichita, KS, homes sell in a median of 51 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Wichita, KS market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.