Market Snapshot Wichita Q1 2025

Market Overview

Wichita’s multifamily market continued to show strength in Q1 2025, with rent growth of 2.0% year-over-year and an occupancy rate of 93.5%—both outpacing national averages. Net absorption of 89 units more than tripled the 27 units delivered this quarter, underscoring a favorable demand-supply imbalance. Development has slowed significantly, with under-construction inventory down 30% from its recent peak, and further declines are expected through 2026. Submarkets like Northwest and Derby/Haysville led in both rent growth and occupancy, while lower-tier properties trailed. With moderate supply on the horizon and steady demand, Wichita remains one of the Midwest’s more resilient secondary markets.

About MMG

MMG specializes in actionable market intelligence for multifamily investors and operators, focusing on underserved and emerging metros. Their Wichita report highlights granular submarket data, absorption trends, and pipeline activity with clarity and depth. MMG’s content appeals to dealmakers and asset managers looking to optimize strategy based on real-world metrics rather than national averages. Their reports balance digestible visuals with strategic commentary, helping clients evaluate risk, spot opportunity, and track property performance over time.

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