Market Snapshot | Wichita Q2 2025

Market Overview

In Q2 2025, Wichita’s multifamily sector demonstrated early signs of rebalancing. Average rent was approximately $914, and occupancy remained solid at 93.2 percent. The market saw a modest net absorption of 29 units for the quarter, contributing to 372 units absorbed over the past 12 months. Meanwhile, the development pipeline is easing—roughly 1,000 units are under construction (about 2.7% of inventory), with deliveries peaking previously and slowing in recent periods. These trends point toward tightening fundamentals and potential upward pressure on rents in the latter half of 2025.

About MMG

MMG Real Estate Advisors delivers multifamily market intelligence and capital strategy insights across key U.S. metros, including Wichita. Their reports combine local rental, occupancy, absorption, and supply pipeline data with economic context to guide strategic decisions for investors, developers, and owners.