South Wichita, Wichita, KS—67216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Wichita, Wichita, KS
As of Oct '25, the median home price in South Wichita, Wichita, KS is $131,000, with a year-over-year change of -2.9%. This indicates that home prices in South Wichita, Wichita, KS are decreasing. 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 | $131,000 | -2.9% |
| Single Family | $131,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $110,000 | -3.5% |
3 Bed | $144,000 | -1.4% |
4 Bed | $179,000 | -1.6% |
| 5 Bed | $204,000 | -2.4% |
% of Housing Stock
Rental Trends — South Wichita, Wichita, KS
As of July '25, Rentcast reports the average rent in South Wichita, Wichita, KS is $1,020, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in South Wichita, Wichita, KS is studios: $769, 1-bedrooms: $750, 2-bedrooms: $922, 3-bedrooms: $1,040, 4-bedrooms: $1,200. The most common rental property sizes in South Wichita, Wichita, KS are 2-bedroom and 3-bedroom, accounting for 41.1% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,020 |
| Studio Rent | $699 | $769 |
| 1 Bed Rent | $650 | $750 |
| 2 Bed Rent | $880 | $922 |
| 3 Bed Rent | $995 | $1,040 |
| 4 Bed Rent | $1,040 | $1,200 |
% of Rental Stock
Property Listings — South Wichita, Wichita, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in South Wichita, Wichita, KS is 40. This is a increase of 10.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | -14.0% |
Listing Count | 57 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 40 | 10.0% |
Demographics — South Wichita, Wichita, KS
As of the latest ACS Survey released in 2023, South Wichita, Wichita, KS has a population of 22,500, which has decreased by -3.0% over the past 5 years. South Wichita, Wichita, KS is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 8.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | -3.0% |
% Under 18 | 25.3% | -10.6% |
% Seniors | 13.3% | 8.1% |
% WFH | 4.2% | 75.0% |
% w/ College Degree | 8.3% | -15.3% |
As of the latest ACS Survey released in 2023, South Wichita, Wichita, KS is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 14.9% in the last 5 years. The second most common race or ethnicity in South Wichita, Wichita, KS is hispanic, making up 25.1% of the population. Foreign-born residents account for 11.9% of the population in South Wichita, Wichita, KS, and this percentage has decreased by 9.2% 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 | 50.7% | -14.9% |
% Black | 5.6% | -11.1% |
% Hispanic | 25.1% | -2.3% |
% Asian | 9.1% | 68.5% |
% Foreign Born | 11.9% | -9.2% |
Mortgage and Risk — South Wichita, Wichita, KS
According to HUD data as of 2023, there were 254 mortgage originations in South Wichita, Wichita, KS, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in South Wichita, Wichita, KS. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 254 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — South Wichita, Wichita, KS
As of 2024, the percent of homes in South Wichita, Wichita, KS under the Section 8 program is 8.4%. 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. In South Wichita, Wichita, KS, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 462 |
Total Units Section 8 | 297 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $650 | $700 |
| 2 Bedroom | $40 | $880 | $920 |
| 3 Bedroom | $215 | $995 | $1,210 |
| 4 Bedroom | $440 | $1,040 | $1,480 |
Affordability — South Wichita, Wichita, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $131,000 |
| Median Household Income | $47,200 |