Much like nearby areas, it is significantly less expensive compared to the nation as a whole.
Home prices
The price of the median home in Wichita is $133,400. In comparison to its surrounding areas it is is very similar.Compared to the US as a whole it is approximately $84,100 (38%) lower.
Rents
Wichita's median monthly rent is $809. This is approximately $203 (20%) lower in comparison to its surrounding areas.It is roughly $253 (23%) lower compared to the rest of the country.
Nearby places
Bel Aire
Bel Aire is Wichita's neighbor to the northeast. Its housing prices are somewhat more expensive. The median home value in Bel Aire is $161,000, which comes out to $27,600 (17%) higher than Wichita. Rent there is a bit more expensive. The median rent in Bel Aire is $1,103 a month, which comes out to $294 (26%) higher than Wichita.
Maize
Maize is Wichita's neighbor to the northwest. Real estate prices there are a little more expensive. The cost of the median home in Maize is $165,300, which works out to $31,900 (19%) higher than Wichita. Rents there are a bit more expensive. The median rent in Maize is $855 per month, which works out to $46 (5%) higher than Wichita.
Park City
Park City is Wichita's neighbor to the north. Real estate prices there are fairly similar. The median home cost in Park City is $134,500, which is very similar to Wichita. Rents there are somewhat more expensive. The median rent in Park City is $940 a month, which comes out to $131 (13%) higher than Wichita.
Haysville
Haysville is Wichita's neighbor to the south. The real estate prices there are a little less expensive. Haysville's median home price is $102,500, which works out to $30,900 (30%) lower than Wichita. Rents there are a bit more expensive. Haysville's median rent is $899 per month, which comes out to $90 (10%) higher than Wichita.
Kechi
Kechi is Wichita's neighbor to the north. Real estate prices there are a little more expensive. The median home in Kechi is valued at $190,000, which works out to $56,600 (29%) higher than Wichita. Rents there are a lot more expensive. In Kechi the median rent is $1,551 per month, which is $742 (47%) higher than Wichita.
Oaklawn-Sunview
Oaklawn-Sunview is about 6 miles south from Wichita. Its housing prices are substantially less expensive. Oaklawn-Sunview's median home value is $46,900, which is $86,500 (184%) lower than Wichita. Rents there are a bit less expensive. In Oaklawn-Sunview the median monthly rent is $726, which is $83 (11%) lower than Wichita.