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A Beautiful Place to Call Home

The Greater Wichita region provides one of the most powerful recruiting and retention advantages — our low cost of living and, more specifically, the area’s wide array of affordable housing options. From new housing and historic homes to country living and urban lofts, the choices are as varied as the individual. 

Looking to call Greater Wichita home? Discover available housing options in a variety of neighborhoods at ChooseWichita.com.

Wichita is the eighth-best city for first time homebuyers. One good sign for first-time homebuyers in this city is that it has one of the highest loan funding rates. Over 82% of conventional mortgage applications here are funded. For that metric, Wichita ranks second.

Smart Asset 2017

Did You Know?

  • Purchasing a home in Wichita is 31% cheaper than the national median price — The median selling price of existing (previously owned) single-family homes in the Wichita metro area was $156,800 in the Fourth Quarter 2019 survey by the National Association of Realtors. Wichita ranked 35th of 179 reporting metro areas; and $118,100, or 43 percent, below the national median price of $274,900. (ACCRA Cost-of-Living Survey)
  • Newly built home prices in Wichita are 30% below national average — The Fourth Quarter 2019 average sale price of newly built single-family homes in the Wichita metro area was $257,033. That is $109,025, or 30 percent, below the corresponding national figure of $366,058 (ACCRA Cost-of-Living Survey)
  • Apartment rent is nearly 35% lower in Wichita than the national average — Average two-bedroom apartment monthly rent was $754 in the Fourth Quarter 2019 ACCRA Survey. That is $401, or 34.8 percent, lower than the national figure of $1,155. (ACCRA Cost-of-Living Survey)
  • Wichita ranked most affordable city in the nation for renters — With rental costs increasing by 89 percent in the nation’s top 250 cities, Wichita is the most affordable city in the nation for renters with an average rent of $632 per month. (RentCafe)

Compare Housing Costs

Existing Single-Family Home Median Sales Price

CityPrice
Wichita, KS

$156,800

Oklahoma City, OK

$158,600

Tulsa, OK

$174,300

St. Louis, MO/IL

$184,800

Omaha/Council Bluffs, NE/IA

$199,000

Des Moines/West Des Moines, IA

$208,700

Kansas City, MO/KS

$215,600

Albuquerque, NM

$228,400

Dallas/Fort Worth/Arlington, TX

$268,600

National

$274,900

Colorado Springs

$322,200

Denver/Aurora/Lakewood, CO

$458,000

Los Angeles/Long Beach/Glendale, CA

$617,300

Source: National Association of Realtors (Fourth Quarter 2019)

Two-Bedroom Apartment Average Monthly Rent for Urban Areas

CityRent
Tulsa, OK

$679

Wichita, KS

$754

Oklahoma City, OK

$850

St. Louis, MO/IL

$865

Omaha, NE

$1,042

Kansas City, MO/KS

$1,141

National

$1,155

Colorado Springs, CO

$1,310

Dallas, TX

$1,318

Denver, CO

$1,588

Orange County, CA

$2,271

Seattle, WA

$2,650

Source: C2ER Cost-of-Living Survey (Annual Average 2019) for unfurnished, 950-square-foot space, 1 ½ or 2 baths, stove, refrigerator, water/sewer included in the price of rent.

Next Steps

  • Discover the overall low Cost of Living and high-quality amenities found in the Greater Wichita region.
  • Catch a glimpse of the Greater Wichita region’s high Quality of Life.
  • Explore area Communities to find the next home for your business or family.

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