The story of this market
The typical home in ZIP 67223 sells for about $334,277, or $165 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,395 a month.
ZIP 67223 — Wichita
The 67223 housing market is characterized by high owner-occupancy and limited rental activity, with median home values holding steady near $334K. While the area offers a stable environment for family buyers, the lack of significant new development and low inventory levels contribute to a neutral market sentiment. Buyers should note that the area trails some neighboring Sedgwick submarkets in overall market indicators.
This ZIP is best suited for family buyers seeking suburban residential stability, as the market is characterized by low rental demand and higher-than-average median household incomes.
Median prices moved down 2.4% year over year.
Homes spend a median of 52 days on market with 4.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 32.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 67223, Sedgwick County KS
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kansas) — Kansas Residential Property Tax: Annual tax bill calculated as: (Appraised Fair Market Value * 11.5% Assessment Rate) * (Mill Levy / 1,000). The mill levy is the combined tax rate set by local taxing jurisdictions.
Residents primarily rely on personal vehicles for commuting to the Wichita employment core via local highway corridors.
The area features access to local parks and suburban shopping centers within a 3-mile radius.
The rental market shows limited depth with a very low renter share, suggesting a predominantly owner-occupied residential environment.
The local economy is anchored by the broader Wichita industrial and aerospace sectors.
Parcels are subject to standard Sedgwick County property tax levies and local school district assessments.
Data retrieved from ZCTA-level census profiles.
Neighborhood-level green space serving the residential community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.