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Wamego, KS—66547

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$293,000
5.5% YoY Growth
Household Income
$91,000
46.1% YoY Growth
Days on Market
56
5.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$895
0.8% YoY Growth
1-Bed Rent
$800
N/A
2-Bed Rent
$895
0.6% YoY Growth
3-Bed Rent
$995
9.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wamego, KS

As of Dec '25, the median home price in Wamego, KS is $293,000, with a year-over-year change of 5.5%. This indicates that home prices in Wamego, KS are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$293,0005.5%
Single Family $294,0005.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$184,0007.6%
    3 Bed
    		$269,0005.5%
    4 Bed
    		$340,0005.3%
    5 Bed $471,4424.5%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    6.8%
    2 Bedrooms
    21.3%
    3 Bedrooms
    35.8%
    4 Bedrooms
    22.3%
    5+ Bedrooms
    13.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$895$1,250
    Studio Rent N/AN/A
    1 Bed Rent $800$825
    2 Bed Rent $895$868
    3 Bed Rent $995$1,130
    4 Bed Rent $2,000$2,160
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    % of Rental Stock

    1 Bedroom
    13.9%
    2 Bedrooms
    45.0%
    3 Bedrooms
    34.6%
    4 Bedrooms
    6.5%

    Property Listings — Wamego, KS

    As of Dec '25, Realtor.com reports that the median days on market for a home in Wamego, KS is 56. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$327,0004.0%
    Listing Count
    		29-7.0%
    Listings as % of Homes0.6%-7.0%
    Days on Market
    		56-5.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$293,000
    Median Household Income$91,000

    Wamego, KS — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Belvue, KS

    66407

    Saint George, KS

    66535

    McFarland

    66501

    Paxico, KS

    66526

    Saint Marys, KS

    66536

    Frequently Asked Questions