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
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 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 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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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.