Wamego, KS—66547
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wamego, KS
As of Oct '25, the median home price in Wamego, KS is $295,000, with a year-over-year change of 5.7%. This indicates that home prices in Wamego, KS are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 5.7% |
| Single Family | $295,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | 7.6% |
3 Bed | $270,000 | 5.5% |
4 Bed | $344,000 | 5.5% |
| 5 Bed | $476,000 | 4.4% |
% of Housing Stock
Rental Trends — Wamego, KS
As of July '25, Rentcast reports the average rent in Wamego, KS is $1,250, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Wamego, KS is 1-bedrooms: $825, 2-bedrooms: $868, 3-bedrooms: $1,130, 4-bedrooms: $2,160. The most common rental property sizes in Wamego, KS are 2-bedroom and 3-bedroom, accounting for 45.0% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $825 |
| 2 Bed Rent | $895 | $868 |
| 3 Bed Rent | $995 | $1,130 |
| 4 Bed Rent | $2,000 | $2,160 |
% of Rental Stock
Property Listings — Wamego, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Wamego, KS is 55. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $306,000 | -2.0% |
Listing Count | 35 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 55 | -12.0% |
Demographics — Wamego, KS
As of the latest ACS Survey released in 2023, Wamego, KS has a population of 8,390, which has decreased by -2.2% over the past 5 years. Wamego, KS is a popular place for families, as children make up 29.1% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,390 | -2.2% |
% Under 18 | 29.1% | 9.8% |
% Seniors | 13.9% | -0.7% |
% WFH | 6.1% | 110.3% |
% w/ College Degree | 38.1% | -2.3% |
As of the latest ACS Survey released in 2023, Wamego, KS is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Wamego, KS is hispanic, making up 8.2% of the population. Foreign-born residents account for 1.4% of the population in Wamego, KS, and this percentage has decreased by 46.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -5.1% |
% Black | 1.8% | 1,700.0% |
% Hispanic | 8.2% | 39.0% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 1.4% | -46.2% |
Mortgage and Risk — Wamego, KS
According to HUD data as of 2023, there were 138 mortgage originations in Wamego, KS, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Wamego, KS. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Wamego, KS
As of 2024, the percent of homes in Wamego, KS under the Section 8 program is 4.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wamego, KS, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $800 | $810 |
| 2 Bedroom | $95 | $895 | $990 |
| 3 Bedroom | $355 | $995 | $1,350 |
| 4 Bedroom | -$340 | $2,000 | $1,660 |
Affordability — Wamego, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $295,000 |
| Median Household Income | $91,000 |