Updated 2026 · Based on median market data for Wichita, KS
The median monthly rent in Wichita, KS is $1,080, translating to $12,960 in annual gross rental income per unit. The rent-to-price ratio is 0.58% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Wichita spend approximately 25% of the local median household income ($52,600) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Wichita is 6.2%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.5% annually provides stable demand.
Wichita's GRM (price divided by annual rent) is 14.3x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,080/mo, a single-family rental in Wichita generates approximately $12,960 in gross annual income. After accounting for 6.2% vacancy ($804 lost), property taxes of $2,608, insurance (~$740), and maintenance (~$740), the estimated NOI is $8,068 per year, or $672/mo.