Rent to own Homes in Wichita, KS
Wichita, Kansas, situated in Sedgwick County, is a popular place to live, as is shown by the 9% population increase it has experienced over the last few years. Despite the fact that vacancy rates are falling, there are still plenty of opportunities for interested renters and home buyers in this city. Wichita offers plenty of fun and activities, a taste of some of the best barbecue around and an active nightlife. An affordable housing market makes this city the place to be for anyone looking to move to a new place.
Wichita, KS is a great place for affordable rent-to-own homes! With a median household income of over $53,466 and a median rent of $821, the Wichita, KS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wichita, KS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Wichita, KS
- Andale
- Andover
- Augusta
- Bel Aire
- Belle Plaine
- Bentley
- Benton
- Cheney
- Clearwater
- Colwich
- Conway Springs
- Derby
- Eastborough
- Furley
- Garden Plain
- Goddard
- Greenwich
- Halstead
- Haysville
- Kechi
- Maize
- McConnell AFB
- Mount Hope
- Mulvane
- Newton
- Oaklawn-Sunview
- Park City
- Peck
- Rose Hill
- Sedgwick
- St Marks
- Valley Center
- Viola
- Wellington
- Wichita
Neighborhoods in Wichita, KS
Westlink rent to own homes Benjamin Hills rent to own homes Crestview Heights rent to own homes College Hill rent to own homes Cottonwood Village rent to own homes Delano rent to own homes Eastridge rent to own homes Pleasant Valley rent to own homes El Pueblo rent to own homes Hilltop rent to own homesBuying a Home in Wichita, KS
Wichita, KS is seeing rapid growth and Wichita, KS's' housing market remains optimal with an average home price that is -37% below the 2023 national average. Wichita, KS is part of Sedgwick county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Sedgwick is 1.25% which is above the national average, which is 0.99%.
Median Home Price in Wichita, KS
Median Rent in Wichita, KS
Top Reasons to Live in Wichita KS
Housing Statistics The housing market in Wichita has looked rather promising over the past few years. Many newcomers have snatched up available vacancies, decreasing the apartment vacancy rate by 10.5 percent since January 2010. Fortunately, the vacancy rate is still above 8 percent, giving potential residents the opportunity to find an apartment or home that meets their needs and satisfactions. With a median gross rent of $690, Wichita is one of the most affordable U.S. cities to live in. Additionally, the city's median home sale price is $82,648, which is statistically lower than most cities. The annual residential turnover is right at 16% with the median years in residence is 3 years.
Weather and Climate Wichita is situated in Tornado Alley. Fortunately, residents haven access to community tornado shelters and many homeowners have opted for the installation of personal shelters. The weather in Wichita is generally sunny and hot during the summer months with average high ranging between the low 80s to low 90s and the average lows between the mid-60s and low 70s. During the spring and fall, average highs are between 50 and 60 degrees, and average lows are between the mid-40s and low 50s. Winter months are bearable, bringing in average highs of mid-40 temperatures and average lows ranging from the mid-20s to mid-30s.
Outdoor Activities Are you the outdoorsy type? Then Wichita is the place to be. The city has plenty of outdoor activities, including Botanica: The Wichita Gardens. This gorgeous area of cultivated vegetation is located in Sim Park. There are themed areas of the garden such as the Butterfly Garden, Wildflower Garden and the Shakespeare Garden. There are also special programs to help children explore the beauty of nature. There is also the Great Plains Nature Center. This patch of nature gives you a more natural hiking experience. You travel through the thick greenery as you watch deer and various other wildlife scamper around you.
Map to the Neighborhoods There are several neighborhoods in the city of Wichita. Each of these neighborhoods offers something unique to potential residents. Learn what each of these neighborhoods has to offer below.