Home Values in Wichita, Kansas — 2026 Market Report
Updated March 2026 | Seller's Market | +4.9% YoY
The median home value in Wichita, Kansas is $175,000 as of March 2026, which is below the national median of $400,000. Home values in Wichita have increased by 4.9% over the past year and 27% over the last five years. With a population of 397,532 and a median household income of $52,013, the price-to-income ratio stands at 3.4x, making Wichita affordable for the average household.
Wichita Housing Market Conditions
| Metric | Wichita | National Avg |
|---|---|---|
| Median Home Value | $175,000 | $400,000 |
| YoY Appreciation | +4.9% | +3.8% |
| 5-Year Appreciation | +27% | +22.4% |
| Price per Sq Ft | $45 | $222 |
| Days on Market | 38 days | 45 days |
| Months of Supply | 2.8 | 3.5 |
| List-to-Sale Ratio | 101.5% | 98.5% |
| Monthly Homes Sold | 305 | — |
| Foreclosure Rate | 0.33% | 0.3% |
Home Value Trends in Wichita
A homeowner who purchased at the median price of $137,795 five years ago in Wichita would have gained approximately $37,205 in equity, representing a 27% return on investment. Over the past year alone, the typical homeowner gained $8,174 in home equity.
Affordability in Wichita, KS
With a median household income of $52,013 and a median home price of $175,000, the price-to-income ratio in Wichita is 3.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,387 compared to estimated monthly ownership costs of $1,037 gives a rent-vs-buy ratio of 0.75. In Wichita, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Wichita
The effective property tax rate in Kansas is 1.41%. On a home valued at $175,000, the estimated annual property tax bill is $2,468, or approximately $206/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Wichita is 86.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Wichita, KS?
The median home value in Wichita, Kansas is $175,000 as of March 2026. Home values have changed +4.9% over the past year, with a 5-year appreciation of 27%.
Is Wichita a buyer's or seller's market?
Wichita is currently a seller's market with 2.8 months of housing supply. Homes spend an average of 38 days on market, and the list-to-sale price ratio is 101.5%. Low inventory gives sellers an advantage.
Are home values going up in Wichita?
Yes, home values in Wichita have increased by 4.9% over the past year. The 5-year appreciation rate is 27%, meaning a home worth $137,795 five years ago is now worth $175,000.
Is it better to rent or buy in Wichita?
The average monthly rent in Wichita is $1,387, while estimated monthly homeownership costs are approximately $1,037. The price-to-rent ratio is 10.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Wichita, Kansas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.