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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Wichita offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
With 295 active Airbnb listings and an average annual revenue of $19,925, Wichita presents an accessible entry point for short-term rental investors thanks to average home values of $319,197 — well below many competing markets. The market's 33% occupancy rate edges out the Kansas state average of 30%, while the $129 ADR comes in under the state's $174 average, suggesting a value-oriented guest base. A 141% year-over-year growth in active listings signals rising investor interest, though the moderate occupancy indicates demand still has room to catch up with expanding supply.
According to Rabbu market data, the Wichita short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 295 |
| Average Daily Rate (ADR) | vs. $174 state avg. | $129 |
| Average Occupancy Rate | vs. 30% state avg. | 33% |
| RevPAN | ADR * Occupancy Rate | $43 |
| Average Monthly Revenue | Historical 12-month average | $1,660 |
| Average Annual Revenue | Historical 12-month average | $19,925 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Wichita's combination of below-average property prices and moderate rental yields creates an approachable entry point for investors seeking cash-flow potential without the capital requirements of larger metros.
Key investment factors
"Wichita represents a moderate-opportunity market where the economics favor larger properties and disciplined operators. Revenue peaks in June and July — with monthly averages reaching $2,051 and $2,091 respectively — while January drops to just $896, creating a seasonal spread that investors need to plan around. The 4-bedroom segment stands out with a RevPAN of $72 and annual revenue of $34,778, offering the best balance of demand and yield. With all four ROI calculation factors rated as average, this is a market that rewards smart property selection and operational efficiency rather than riding a wave of outsized demand."
— Rabbu Market Analysis Team
Wichita's STR market shows clear seasonality, with July peaking at $2,091 and January bottoming out at just $896 — a spread of more than 2.3x. The summer months from May through August are the revenue core, while a secondary bump in October ($1,929) suggests fall event-driven demand that savvy hosts can capitalize on.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$896 |
| February |
|
$1,083 |
| March |
|
$1,690 |
| April |
|
$1,450 |
| May |
|
$1,929 |
| June |
|
$2,051 |
| July |
|
$2,091 |
| August |
|
$1,899 |
| September |
|
$1,671 |
| October |
|
$1,929 |
| November |
|
$1,684 |
| December |
|
$1,547 |
One-bedroom units dominate Wichita's supply at 93 listings, followed by 3-bedrooms (81) and 2-bedrooms (66), while larger 4- and 5-bedroom properties account for just 47 combined listings. The relatively thin supply of bigger homes could represent an opportunity for investors, given that those sizes generate substantially higher revenue.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
5 |
| 1 bedroom |
|
93 |
| 2 bedrooms |
|
66 |
| 3 bedrooms |
|
81 |
| 4 bedrooms |
|
31 |
| 5 bedrooms |
|
16 |
ADR climbs steeply with property size in Wichita, from $77 for 1-bedroom units to $262 for 5-bedroom homes — a 3.4x premium. The jump from 3-bedroom ($134) to 4-bedroom ($223) is especially notable, suggesting strong pricing power for properties that can accommodate larger groups.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$106 |
| 1 bedroom |
|
$77 |
| 2 bedrooms |
|
$110 |
| 3 bedrooms |
|
$134 |
| 4 bedrooms |
|
$223 |
| 5 bedrooms |
|
$262 |
Four-bedroom properties lead in RevPAN at $72, closely followed by 5-bedrooms at $70, while studios and 1-bedrooms lag at $26 and $25 respectively. This gap underscores that larger properties deliver meaningfully better revenue per available night even after factoring in their slightly lower occupancy rates.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$26 |
| 1 bedroom |
|
$25 |
| 2 bedrooms |
|
$37 |
| 3 bedrooms |
|
$44 |
| 4 bedrooms |
|
$72 |
| 5 bedrooms |
|
$70 |
Occupancy is tightly clustered between 27% and 34% across all property sizes, with 2-bedroom listings leading at 34% and studios trailing at 25%. This relative consistency means revenue differences are driven more by nightly rate than by booking frequency, favoring larger, higher-ADR properties for cash-flow stability.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
25% |
| 1 bedroom |
|
33% |
| 2 bedrooms |
|
34% |
| 3 bedrooms |
|
33% |
| 4 bedrooms |
|
32% |
| 5 bedrooms |
|
27% |
Monthly revenue nearly triples from 1-bedroom ($933) to 4-bedroom ($2,898), with 5-bedroom properties topping the market at $3,170 per month. Studios at $729 and 1-bedrooms represent the lowest earners, making them less attractive unless acquisition costs are proportionally lower.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$729 |
| 1 bedroom |
|
$933 |
| 2 bedrooms |
|
$1,489 |
| 3 bedrooms |
|
$1,862 |
| 4 bedrooms |
|
$2,898 |
| 5 bedrooms |
|
$3,170 |
Five-bedroom properties generate the highest annual revenue at $38,048, with 4-bedrooms close behind at $34,778, while 1-bedroom units bring in $11,197. For investors targeting the best return potential, the 4-bedroom configuration may offer the strongest balance — its revenue is within 9% of a 5-bedroom at likely lower acquisition and maintenance costs.
| Size | Trend | Value |
|---|---|---|
| Studio |
|
$8,754 |
| 1 bedroom |
|
$11,197 |
| 2 bedrooms |
|
$17,876 |
| 3 bedrooms |
|
$22,351 |
| 4 bedrooms |
|
$34,778 |
| 5 bedrooms |
|
$38,048 |
Parking (99%), kitchen access (97%), and self check-in (91%) are near-universal among Wichita listings, establishing them as baseline guest expectations rather than differentiators. Amenities like hot tubs (7%) and pools (5%) remain rare, presenting an opportunity for hosts to stand out — though investors should weigh the added maintenance costs against potential rate premiums.
| Amenity | Trend | Value |
|---|---|---|
| Parking |
|
99% |
| Kitchen |
|
97% |
| Self Check-in |
|
91% |
| Washer |
|
83% |
| Dryer |
|
80% |
| Backyard |
|
69% |
| Workspace |
|
69% |
| Patio or Balcony |
|
59% |
| Outdoor Furniture |
|
48% |
| Pets |
|
42% |
| BBQ Grill |
|
32% |
| Hot Tub |
|
7% |
| Pool |
|
5% |
| Gym |
|
5% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Wichita Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Average | 15% |
| Supply/Demand Balance | Average | 15% |
Wichita's ROI Score of 60 out of 100 places it in the 'Attractive Opportunity' band, reflecting a market with balanced — if not standout — fundamentals across revenue-to-price ratio, occupancy stability, market growth, and supply/demand dynamics, all rated as average. The score suggests that returns are achievable but depend heavily on property selection and operational execution rather than broad market tailwinds. Investors should pair this data with thorough local regulatory research and a realistic pro forma that accounts for the market's pronounced winter slowdown.
Understanding local STR regulations is essential before investing in Wichita. Here's the current regulatory landscape:
The City of Wichita and the State of Kansas may require short-term rental operators to register or obtain a permit before listing a property. Investors should verify current requirements directly with the Wichita city clerk's office and the Kansas Department of Revenue before operating.
Common restrictions that may apply to STR operators in Wichita include occupancy limits, noise ordinances, parking requirements, and minimum stay rules. Additionally, properties within homeowners associations may face additional covenants restricting or prohibiting short-term rentals, so reviewing HOA bylaws is essential before purchasing.
Short-term rental hosts in Kansas are generally subject to state and local sales tax as well as transient guest tax obligations. Major platforms like Airbnb often collect and remit some of these taxes on behalf of hosts, but operators should confirm their full tax responsibilities with the Kansas Department of Revenue.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Wichita can provide current regulatory guidance.
Financing an Airbnb investment in Wichita requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Wichita's STR market is likely to see continued supply growth given the sharp year-over-year listing increase, which could put modest pressure on occupancy if demand doesn't keep pace. Seasonal patterns suggest revenue will remain concentrated in the May through October window, with peak months potentially pushing ADRs 2–4% higher as hosts optimize pricing during summer. Occupancy rates are estimated to hold steady in the 31–35% range market-wide, though well-managed larger properties should outperform. Investors entering now should plan for softer winter months and budget accordingly during the January–February trough."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots; market conditions can shift due to regulatory changes, economic factors, or seasonal variation. Individual property results will vary based on location, condition, amenities, pricing strategy, and management quality.
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