The Most Affordable Neighborhoods in Wichita, KS by Home Value

These days, finding an affordable place to live in the Wichita area can be challenging. Home prices in Wichita are now at a median cost of $214,837, lower than the Kansas average of $243,949.

The average cost of rent is $1,118/mo in Wichita, primarily driven by the current value of real estate in the Wichita area. In Wichita, 34.71% of households rent, and 42.47% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Wichita is $6,660 per month. Households that rent pay about 16.79% of their income on rent here. Wichita’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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