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Airbnb City Guide: The Best Places To Invest in Wichita, Kansas
2024-04-11T18:58:05.044Z
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Airbnb Rules and Regulations in Wichita, Kansas
As of 2024, Wichita has a comprehensive set of regulations for short-term rentals, including those listed on different rental booking sites. Hosts are required to obtain a license, pay an annual fee of $225, and ensure their property meets specific safety standards, such as having working smoke detectors and fire extinguishers. The city limits occupancy to two adults per bedroom plus one additional person, with a maximum of 20 guests allowed at any gathering.
Quiet hours are enforced from 10 p.m. to 7 a.m., and all rentals must be at least 600 feet apart to prevent clustering in residential areas. Existing short-term rentals are grandfathered in but must still comply with the new licensing requirements within six months. These regulations aim to balance the growing popularity of vacation rentals with the need to maintain neighborhood character and address noise, parking, and safety concerns.
Wichita Airbnb Market Data:
- Average Revenue – $15.1K per year
- Average Daily Rate – $108.9 per night
- Average Occupancy Rate – 52%
- Average RevPAR – $56.5
- Average Home Prices – $186,528
1. Top Place to Invest in Wichita, Kansas - Salina
Nestled in the heart of Kansas, Salina is a charming city that offers a perfect blend of small-town ambiance and modern amenities. With its thriving economy, diverse attractions, and affordable housing market, Salina has emerged as a top contender for investors seeking to get an Airbnb started and take advantage of lucrative opportunities in Wichita.
Salina Airbnb Market Data:
- Average Revenue – $13.1K per year
- Average Daily Rate – $80.4 per night
- Average Occupancy Rate – 56%
- Average RevPAR – $44.8
Convenience - 7/10
Salina boasts a convenient location at the intersection of I-70 and I-135, making it easily accessible from major cities like Wichita and Kansas City. The city's well-maintained roads and efficient public transportation system ensure smooth navigation for both residents and visitors.
Tourist Attractions - 6/10
While Salina may not be a top tourist destination, it still offers a variety of attractions that cater to different interests. The Smoky Hill Museum showcases the region's rich history, while the Rolling Hills Zoo provides a fun-filled day for families. The city also hosts several annual events, such as the Smoky Hill River Festival, which draws visitors from surrounding areas.
Things to Do - 5/10
Salina offers a decent range of activities for its residents and visitors. The city has numerous parks and trails, perfect for outdoor enthusiasts. The Stiefel Theatre for the Performing Arts hosts various shows and concerts throughout the year. However, compared to larger cities, the options for entertainment and nightlife are somewhat limited.
Average Home Prices - 8/10
According to Zillow, the median home value in Salina as of 2024 is $165,000, which is significantly lower than the national average. This affordability makes Salina an attractive option for Airbnb investors looking to maximize their returns. In the past year, home values in Salina have appreciated by 3.2%, indicating a stable and growing market.
Proximity to Work-Related Travel - 6/10
Salina's central location makes it a convenient stopover for business travelers. The city is home to several healthcare facilities, including Salina Regional Health Center, which attracts medical professionals. However, the city lacks major convention centers and sports venues, which may limit its appeal for certain types of work-related travel.
X-Factor - 7/10
What sets Salina apart is its strong sense of community and friendly atmosphere. The city's low crime rates and excellent schools make it an appealing choice for families. Additionally, Salina's growing arts scene, with galleries and studios popping up downtown, adds a unique charm to the area.
2. Top Place to Invest in Wichita, Kansas - College Hill
College Hill, a historic neighborhood in Wichita, Kansas, has emerged as a prime location for Airbnb investors. With its picturesque tree-lined streets, proximity to downtown, and thriving local businesses, College Hill offers a unique blend of charm and convenience that appeals to both short-term renters and long-term residents.
College Hill Airbnb Market Data:
- Average Revenue – $14.6K per year
- Average Daily Rate – $104.6 per night
- Average Occupancy Rate – 53%
- Average RevPAR – $55.1
Convenience - 8/10
Situated just east of downtown Wichita, College Hill boasts an unbeatable location. The neighborhood's well-connected streets and easy access to major highways make it a breeze for visitors to explore the city's attractions. Moreover, College Hill's walkability is a major draw, with many amenities, including restaurants, cafes, and shops, within a short stroll.
Tourist Attractions - 7/10
While College Hill itself is not a major tourist destination, its proximity to downtown Wichita means visitors are just minutes away from popular attractions like the Wichita Art Museum, Botanica Gardens, and the Old Town district. The neighborhood's historic architecture and quaint atmosphere also add to its appeal, making it a pleasant base for exploring the city.
Things to Do - 8/10
College Hill offers a vibrant local scene with plenty of things to do. The neighborhood is home to a variety of independent shops, galleries, and eateries, providing visitors with a taste of Wichita's unique culture. Regular local community events, such as the College Hill Porchfest and the Wichita Art Museum's Art Garden Party, add to the area's lively atmosphere.
Average Home Prices - 7/10
According to Zillow, the median home value in College Hill as of 2024 is $225,000, which is slightly higher than the Wichita average. However, this price point still offers excellent value for Airbnb investors, considering the neighborhood's desirable location and strong rental demand. Home values in College Hill have appreciated by 4.5% over the past year, indicating a healthy and stable market.
Proximity to Work-Related Travel - 8/10
College Hill's central location makes it an ideal choice for work-related travelers. The neighborhood is just a short drive from major employers like Wesley Medical Center, Wichita State University, and the Wichita Convention Center. This proximity and the area's comfortable accommodations and amenities make College Hill a popular choice for business travelers.
X-Factor - 9/10
Its strong sense of community and unique character sets College Hill apart. The neighborhood's historic homes, tree-lined streets, and friendly residents create a welcoming atmosphere that keeps visitors coming back. Additionally, College Hill's thriving arts scene, with numerous galleries and studios, adds a distinctive flair that sets it apart from other Wichita neighborhoods.
3. Top Place to Invest in Wichita, Kansas - Delano
Delano, a historic district on the west bank of the Arkansas River, has transformed into one of Wichita's most vibrant and sought-after neighborhoods. With its unique blend of old-world charm and modern amenities, Delano offers investors a prime opportunity to capitalize on the city's growing tourism industry by starting their own short-term rental business in the area.
Delano Airbnb Market Data:
- Average Revenue – $18K per year
- Average Daily Rate – $102 per night
- Average Occupancy Rate – 56%
- Average RevPAR – $63
Convenience - 9/10
Located just a stone's throw from downtown Wichita, Delano boasts an unbeatable location. The neighborhood's well-maintained streets and ample parking make it easy for visitors to explore the area's many attractions. Additionally, Delano's proximity to major highways and public transportation ensures seamless connectivity to the rest of the city.
Tourist Attractions - 8/10
Delano is home to a variety of tourist attractions that showcase the neighborhood's rich history and cultural heritage. The Museum of World Treasures, housed in a former paper warehouse, features an impressive collection of artifacts from around the globe. The nearby Exploration Place offers hands-on science exhibits and a state-of-the-art planetarium, making it a popular destination for families.
Things to Do - 9/10
From unique shops and galleries to trendy restaurants and bars, Delano offers no shortage of things to do. The neighborhood's monthly Final Friday art crawl draws visitors from across the city, while the annual Wichita River Festival brings live music, food vendors, and fireworks to the riverfront. With its diverse mix of local businesses and community events, Delano provides a lively and engaging atmosphere for visitors and residents alike.
Average Home Prices - 7/10
According to Zillow, the median home value in Delano as of 2024 is $180,000, which is slightly lower than the Wichita average. This affordability and the neighborhood's growing popularity make Delano an attractive option for Airbnb investors looking to maximize their returns. Over the past year, home values in Delano have appreciated by 5.2%, indicating a strong and stable market.
Proximity to Work-Related Travel - 8/10
Delano's central location and easy access to major employers make it convenient for work-related travelers. The neighborhood is just minutes away from the Wichita Convention Center, Century II Performing Arts & Convention Center, and the Intrust Bank Arena, making it an ideal base for conference attendees and event-goers. Additionally, Delano's proximity to Wesley Medical Center and Via Christi Hospital St. Francis makes it a popular choice for medical professionals.
X-Factor - 9/10
What sets Delano apart is its unique blend of history and innovation. The neighborhood's beautifully restored brick buildings and vintage neon signs harken back to its days as a bustling cowtown, while its eclectic mix of boutiques, galleries, and eateries reflect its modern, creative spirit. This combination of old and new creates a one-of-a-kind atmosphere that keeps visitors coming back time and time again.
4. Top Place to Invest in Wichita, Kansas - Northeast
Northeast Wichita, a rapidly growing area known for its diverse neighborhoods and thriving business districts, has emerged as a top contender for Airbnb investors seeking lucrative opportunities in the city. With its convenient location, affordable housing, and proximity to major attractions, Northeast Wichita offers a promising market for short-term rental investments.
Northeast Airbnb Market Data:
- Average Revenue – $15.4K per year
- Average Daily Rate – $110.2 per night
- Average Occupancy Rate – 50%
- Average RevPAR – $55.7
Convenience - 7/10
Situated just north of downtown Wichita, the Northeast area boasts easy access to major highways, including I-135 and K-96. This connectivity makes it convenient for visitors to explore the city's various attractions and business districts. However, the area's sprawling layout and limited public transportation options may pose challenges for some travelers.
Tourist Attractions - 6/10
While Northeast Wichita may not be a primary tourist destination, it still offers a few notable attractions. The Kansas Aviation Museum, located in the area's historic airport, showcases the state's rich aviation history. The nearby Great Plains Nature Center provides a peaceful escape for nature enthusiasts with its walking trails and educational exhibits.
Things to Do - 6/10
Northeast Wichita offers a range of activities for visitors and residents alike. The area is home to several parks, including the popular Sedgwick County Park, which features walking trails, a fishing lake, and a zoo. The neighborhood also boasts a variety of local restaurants and shops, providing a taste of Wichita's unique culture.
Average Home Prices - 8/10
According to Zillow, the median home value in Northeast Wichita as of 2024 is $145,000, which is significantly lower than the city's average. This affordability makes the area an attractive option for Airbnb investors looking to maximize their returns. Over the past year, home values in Northeast Wichita have appreciated by 3.8%, indicating a stable and growing market.
Proximity to Work-Related Travel - 7/10
Northeast Wichita's location makes it a convenient choice for work-related travelers. The area is home to several major employers, including Textron Aviation and Koch Industries. Additionally, the Kansas Medical Center and Wesley Medical Center are just a short drive away, making the area a popular choice for medical professionals.
X-Factor - 6/10
What sets Northeast Wichita apart is its diverse and welcoming community. The area is home to various neighborhoods, each with its unique character and charm. From historic districts to modern subdivisions, Northeast Wichita offers something for everyone. While the area may lack the trendy vibe of other Wichita neighborhoods, its affordability and convenience make it an attractive option for Airbnb investors.
5. Top Place to Invest in Wichita, Kansas - Downtown
Downtown Wichita has emerged as a prime location for Airbnb investors seeking to capitalize on the city's thriving business district and vibrant cultural scene. With its diverse mix of attractions, convenient location, and growing residential population, downtown offers a unique opportunity for short-term rental success.
Downtown Airbnb Market Data:
- Average Revenue – $16.4K per year
- Average Daily Rate – $122 per night
- Average Occupancy Rate – 53%
- Average RevPAR – $61.6
Convenience - 9/10
Situated in the heart of the city, downtown Wichita boasts unparalleled accessibility. The area's well-connected streets and ample parking make it easy for visitors to explore the numerous attractions and amenities on foot or by car. Additionally, the nearby Wichita Dwight D. Eisenhower National Airport ensures seamless connectivity for out-of-town guests.
Tourist Attractions - 8/10
Downtown Wichita is home to a wide array of tourist attractions that cater to diverse interests. The Museum of World Treasures showcases fascinating artifacts from around the globe, while the Wichita Art Museum houses an impressive collection of American art. The iconic Keeper of the Plains statue and the nearby Mid-America All-Indian Museum offer a glimpse into the region's rich cultural heritage.
Things to Do - 9/10
From live music venues and performing arts centers to trendy restaurants and craft breweries, downtown Wichita offers endless entertainment options. Visitors can catch a show at the historic Orpheum Theater, attend a Century II Performing Arts & Convention Center convention, or explore the vibrant Old Town district with its unique shops and galleries. The nearby Arkansas River provides opportunities for outdoor recreation, such as biking and kayaking.
Average Home Prices - 7/10
According to Zillow, the median home value in downtown Wichita as of 2024 is $460,000, which is higher than the city average of $183,706. However, this price point reflects the area's prime location and the growing demand for urban living. Despite the higher costs, downtown home values have appreciated by 4.8% over the past year, indicating a stable and promising market for Airbnb investors.
Proximity to Work-Related Travel - 9/10
Downtown Wichita is the city's primary business district, making it an ideal location for corporate rentals targeting work-related travelers. The area is home to numerous corporate headquarters, including Koch Industries and Cargill, as well as the Wichita Convention Center and the INTRUST Bank Arena. The proximity of Wesley Medical Center and other healthcare facilities also makes downtown a convenient choice for medical professionals.
X-Factor - 9/10
What sets downtown Wichita apart is its unique blend of history, culture, and innovation. The area's stunning architecture, ranging from historic buildings to modern high-rises, creates a captivating backdrop for visitors. The thriving arts scene, which includes galleries, studios, and public art installations, adds to the neighborhood's creative energy. Moreover, downtown's ongoing revitalization efforts, such as the development of new hotels, restaurants, and entertainment venues, ensure that the area remains a dynamic and desirable destination for years to come.
⚡️
Reveal your property’s rental profitability
Buy this property and list it on Airbnb.