There are currently 126,254 real estate properties in Wichita, KS, with a median automated valuation model (AVM) price of $165,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wichita, KS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wichita, KS, is $192,963.00, with the most expensive house in Wichita, KS, topping out at $6,004,000.00 and the cheapest home in Wichita, KS, clocking in at $12,960.00. In other words, there’s something for every potential homebuyer or savvy investor in Wichita, KS!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wichita, KS, is on a rollercoaster ride. The average rent price in Wichita, KS, is $1,137.00. Indeed, when looking to rent in Wichita, KS, you can expect to pay as little as $430.00 or as much as $3,900.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Wichita, KS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Wichita, KS area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Wichita, KS and much more. Save thousands at closing with home foreclosure listings in Wichita, KS — up to 75% off market value!
Wichita is located in Sedgwick, Kansas, with an estimated municipal population of 389,938 residents. All of the best foreclosed homes for sale in Wichita are located in the following zip code areas on Foreclosure.com: 67230 67235 67260 67217 67216 67215 67214 67213 67212 67211 67210 67219 67218 67223 67220 67226 67202 67203 67204 67205 67206 67207 67208 67209 67201 67275 67276 67277 67278. The estimated population per square kilometer (.62 miles) in Wichita is 931.
So, about how much do homes cost in Wichita? The most recent median value of resident-owned homes in Wichita is 131,975. An estimated 58.8 percent of households in Wichita own their homes, with an average family size of 3.25. The median household income in Wichita is 52,620, with21.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wichita, the median commute time of resident workers (in minutes) is 18.6. And last, but certainly not least, are you looking for homes to rent in Wichita? If so, the average rent price paid by renters in Wichita is 809, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wichita, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Wichita is 35, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Wichita is 45.6, with an average family size of 3.25.
The percentage of residents who report their race in Wichita is as follows:
|Black / African American||10.9%|
|American Indian / Alaskan Native||1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Wichita? Or maybe you are searching for 55+ active adult communities in and/or near Wichita?
The percentage of residents who report their age in Wichita is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wichita with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wichita.
How do you know that living in -- or moving to -- Wichita is right where you need to be? Perhaps you grew up in Wichita or already live nearby; therefore, the decision to buy a home in Wichita is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wichita for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wichita:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wichita.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wichita can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wichita, meanwhile, can field multiple offers from more qualified buyers.