MARKET SNAPSHOT

Wichita q3 2025

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AVERAGE RENT

$923 Q3 2025

OCCUPANCY RATE

93.3% Q3 2025

NET ABSORPTION

256 YTD Q3 2025

ANNUAL RENT CHANGE

3.0% Q3 2025

ANNUAL OCCUPANCY CHANGE

-10 BPS Q3 2025

UNIT COMPLETIONS

252 YTD Q3 2025

KEY TAKEAWAYS
Multifamily absorption in Wichita slowed to 56 units in Q3 2025, down from 184 in the prior quarter, though renter demand has keep pace with new supply on the year, helping sustain market stability.
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Wichita’s construction pipeline totaled roughly 600 units as of early October, representing 1.6% of existing inventory, about 40% below year-ago levels and well under the 2.6% national average, highlighting a pronounced slowdown in development activity.
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Among the 100 largest U.S. multifamily markets, Wichita ranked 12th nationally for rent growth in Q3 2025, as annual gains accelerated to 3.0%, pushing average new lease rents to $923.
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MARKET OUTLOOK

The outlook for Wichita’s multifamily market remains broadly positive, supported by resilient renter demand and a moderating development pipeline...

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Featured Wichita Research Reports:

ColtonHowell

Colton Howell

Senior Director

colton.howell@mmgrea.com

richardRedding

Richard Redding

Senior Director

richard.redding@mmgrea.com

Stuart Krous 2024

Stuart Krous

Associate Advisor

stuart.krous@mmgrea.com

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