Best places to buy rental properties in Kansas

January 26, 2022
● Written by
Teddy

Kansas

Investing in Kansas

With a rapidly growing population and a low cost of living, Kansas can be a great place to invest in rental properties. The Nophin team crunched the numbers and found the five best places to invest in Kansas rental properties.

Statewide vacancy rates

KS Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Wichita, KS

Wichita is a major hub for the aircraft manufacturing industry and is colloquially known as the "Air Capital of the World."

  • Population: 397,532
  • Median household income: $53,466
  • Median 1-bedroom monthly rent: $699
  • Median listing home price: $214,900

Kansas City, KS

Kansas City is a unique city as it's split between two states (Missouri and Kansas). The city is known for its mouth watering BBQ and artwork.

  • Population: 156,607
  • Median household income: $46,424
  • Median 1-bedroom monthly rent: $750
  • Median listing home price: $185,500

Topeka, KS

Topeka is Kansas' state capital and is known for its historic importance. The city also renamed itself after Google and Pikachu after a cultural trend.

  • Population: 126,587
  • Median household income: $49,647
  • Median 1-bedroom monthly rent: $610
  • Median listing home price: $182,300

Olathe, KS

Olathe is one of the best places to live in Kansas. In the Shawnee language, "Olathe" means "beautiful."

  • Population: 141,290
  • Median household income: $96,548
  • Median 1-bedroom monthly rent: $991
  • Median listing home price: $390,000

Overland Park, KS

Overland Park is considered one of the best places to buy a house in America. With low crime and a strong education system, Overland Park is a great community to raise a family in.

  • Population: 197,238
  • Median household income: $87,629
  • Median 1-bedroom monthly rent: $1,302
  • Median listing home price: $419,500

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Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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