$0
Average Rent
$944 average rent in Wichita, Q3 2026
0%
Occupancy Rate
93% occupancy rate Wichita, Q3 2026
0
T4Q Net Absorption
587 T4Q net absorption in Wichita, Q3 2026
0%
Annual Rent Change
2% annual rent change in Wichita, Q3 2026
0
BPS Annual Occupancy Change
30 BPS annual occupancy change in Wichita, Q3 2026
0
T4Q Unit Completions
434 T4Q net absorption in Wichita, Q3 2026
KEY TAKEAWAYS
- Annual absorption of 587 units has climbed back to the market’s 10-year average and outpaced the 434 units delivered over the past year.
- Effective rents rose 2.1% year over year to $944, extending a three-year run of positive annual rent growth, with concessions at just 1.4%.
- Occupancy reached 93.1%, up 20 basis points from a year ago and above the market’s pre-pandemic range, as the pipeline has fallen 80% from its 2018 peak.
MARKET OUTLOOK
Wichita has settled into a position of steady strength. Annual absorption of 587 units has climbed back to its long-run average and now exceeds the 434 units delivered over the past year…
Wichita Advisors
Contact Our Local Team
Region
Midwest / Heartland
Office Location
Missouri
License Number
243091 (KS), 2019035841 (MO) & 206451 (OK)
Phone
Email
Region
Midwest / Heartland
Office Location
Missouri
License Number
243087 (MO), 2016037233 (KS) & 206760 (OK)
Phone
Email
Region
South Central / Gulf & Plains
Office Location
Oklahoma
License Number
182299
Phone
Email
Recent Heartland Research
Other investors in your market are reading this.
The data that informs when to sell, when to hold, and when the window is closing.