Wyandotte County, KS

Wyandotte County poses a cash-flow-versus-resilience tension. In Zillow’s 2026-06 county reading, median home value was $212,960, measured median asking rent was $1,317 monthly, and reported gross yield was 7.42%. Rent rose 3.07%, ahead of value’s 1.67% change. Investigators able to verify parcel flood exposure should examine the spread; buyers dependent on appreciation, stable employment, or simple carrying costs should be cautious.

That gross yield is before costs. Effective property tax is 1.46%; assessments, insurance, and flood coverage are not published, preventing net-yield and debt-service analysis. HUD’s FMR is a payment standard, not an asking-rent estimate, and cannot replace measured market rent. FHFA’s 2025 repeat-transaction HPI increased 4.13%, firmer than Zillow’s direction but not a home value; the differing vintages and methods cannot be averaged.

Workplace and listing evidence is mixed. Annual 2025 QCEW covered jobs located in the county fell 0.75%, while covered-worker average weekly wage rose 4.41%. Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy; QCEW is neither resident employment nor unemployment. Tax-return movers outnumbered arrivals and reported higher average income, so tenant-income durability needs checking. Realtor.com recorded 321 active MLS listings, a 65.21% pending-to-active ratio, and 15.93% reduced-price share. These are MLS asking-market supply, pending, and concession measures—not closed sales or buyer demand alone. Investors comprised 237 of 1,689 purchase mortgages, or 14.03%; their bid behavior is unknown.

Inland flood is the dominant hazard, and modeled annual expected building-value loss is 0.10%; this county-level model cannot price an individual parcel. Missing vacancy, turnover, expense, insurance-premium, flood-map, property-condition, and lease-collection evidence prevents a net-income, hazard-cost, or neighborhood-demand conclusion. Next checks should obtain rent rolls, tax and insurance quotes, flood history and elevation, inspection findings, and comparable leases and sales.