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1031 Exchange Wichita, Kansas

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Wichita due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Wichita, Kansas is a part of the Wichita, KS metropolitan area, and contains 32 zip codes, including: 67201, 67203, 67216, 67217, 67202, and 67205.

Wichita Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Wichita, KS metropolitan area was $602, which is 10.87% lower than 2014 average rent. This represents a compounded annual growth rate of 2.08%. 2019 vacancy in Wichita, KS was 4.80%.

The total population of the city of Wichita, KS has grown 1.80% since 2010. As of 2018, the population was 389,255. The median household income of the Wichita was $50,867, which is 15.63% lower than the national average.

  • metropolitan area Wichita, KS
  • avg rent $602
  • rent growth 10.87%
  • vacancy 4.80%
  • median income $50,867
  • population (2018) 389,255
  • population growth 1.80%
  • vs. nat'l avg 15.63%
  • zip codes 67201 67202 67203 67204 67205 67206 67207 67208 67209 67210 67211 67212 67213 67214 67215 67216 67217 67218 67219 67220 67223 67226 67227 67228 67230 67232 67235 67260 67275 67276 67277 67278

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