At June 2026, ZIP 67217's Zillow ZORI is $1,166 per month, up 3.9% from a year earlier. Zillow ZORI is a typical observed asking-rent index blended across rental types, not a contract-rent observation for a particular home. The five-digit label is both Zillow's ZIP market identifier and a matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. The current reading provides a useful ZIP-level asking-rent baseline, but its affordability implications and the local resale evidence should be assessed in their separate evidence universes.
The backward-looking Zillow history shows stable growth with recent moderation. Exact same-month annualized ZORI changes were 3.9% over one year, 4.2% over three years, and 6.0% over five years. The latest pace therefore remains positive but breaks from the faster longer-run path rather than confirming acceleration. Annualized monthly-return variability of 2.7% indicates that individual monthly readings have moved around the trend, so a single current rent snapshot warrants measured confidence. The maximum drawdown was a relatively shallow 1.1% decline. Coverage was 98.4%, with 58 consecutive monthly returns. Transparent national discovery ranks among history-eligible ZIPs were 596 for momentum, 1,069 for stability, and 402 for the balanced measure; lower ranks are higher, but these are descriptive discovery tools rather than forecasts or recommendations.
The ACS 2024 five-year matched-ZCTA median gross rent was $976. That is a survey measure for occupied renter homes and includes selected utilities, making it fundamentally different from Zillow's asking-rent index; the present ZORI sits above that survey median. ACS also reported median household income of $55,565. Applying the stated 30% arithmetic screen to annualized ZORI produces required income of $46,640, and the ZIP asking-rent-to-income measure is 25.2%. This is a mathematical screen, not advice and not an applicant qualification rule. Separately, 42.4% of surveyed renter households were rent burdened at or above the 30% threshold. That burden result describes surveyed households, not whether any specific unit is affordable or occupied by a burdened renter.
Bedroom figures should be read as modelled estimates rather than measured bedroom rents. Scaling the ZIP ZORI by the local HUD bedroom ladder produces estimates of $825 for a studio, $898 for one bedroom, $1,166 for two bedrooms, $1,527 for three bedrooms, and $1,888 for four bedrooms. The two-bedroom estimate aligns with the ZIP-level index because the ladder is used to allocate that benchmark across bedroom sizes. HUD FMR or SAFMR is an administrative bedroom-specific standard, not asking rent, and it supplies the scaling structure rather than rental transaction evidence. Actual listings can differ because unit condition, included utilities, lease terms, concessions, and property characteristics are not represented in this ladder.
The housing-stock view is also an ACS ZCTA survey view rather than a listing count. The area contained 13,552 housing units, with 1,080 vacant, for an 8.0% overall vacancy rate. Of the vacant stock, 358 units were classified vacant for rent and 52 vacant for sale; those categories do not establish availability, condition, price, or timing for a particular dwelling. Single-family structures were the largest named stock category, while large multifamily structures represented a smaller portion of the stock. The renter share was 31.9%. These composition and vacancy measures help frame the survey-era housing base, but they cannot be used as proof of turnover, concessions, or vacancy at an individual rental.
Broader comparisons place the ZIP between nearby rent-index benchmarks: at city scope, Wichita's context rent was $1,146, while at county scope Sedgwick County and at metro scope Wichita, KS were each $1,204. Thus the direct ZIP reading is above the city context but below both county and metro context. The ZIP also had a lower renter share and lower vacancy rate than the city and county contexts, while its household-income measure was below the city and metro measures. Those comparisons are context only: city, county, and metro figures cover wider geographies and should not be treated as ZIP rental comps, property-level benchmarks, or evidence that a given subarea follows the same pattern.
The direct rolling-three-month ZIP resale observation from Redfin describes for-sale activity, not rental transactions. Median sold price was $173,961, up 4.8% year over year; 94 homes sold with a median 10 days on market. Inventory stood at 42 homes and months of supply at 1.4. Sales averaged 99.66% of list price, while 34.1% sold above list. Annualized ZIP ZORI divided by median sold price equals an 8.0% cross-source screening ratio only; it is not a cap rate, net return, expected return, or property yield. The brisk resale timing and limited supply challenge any interpretation that slower recent asking-rent growth alone signals broadly eased housing conditions, but resale strength does not resolve the separate renter-income and burden screen.
Several limits should govern use of these results. ZORI is an index rather than a set of comparable leases, ACS is a multiyear survey with sampling uncertainty, HUD standards are administrative, historical measures are backward-looking, and Redfin reports resale rather than rental activity. Before attaching ZIP evidence to a specific dwelling, verify the advertised and effective rent, bedroom count, utilities, lease length, concessions, days available, condition, exact vacancy status, and comparable recent sales or leases for that property. Review property-specific costs, fees, and disclosures separately from the ZIP indicators. Which portions of the observed ZIP pattern can actually be verified at the unit and lease level before it is used in a particular decision?
","findings":[{"body":"The current Zillow asking-rent index increased over the latest exact same-month period, but its one-year pace is below the corresponding three-year and five-year annualized changes. That pattern supports a stable-growth description while indicating moderation rather than acceleration. Shallow historical drawdown and broad data coverage improve confidence in the existence of the past trend, not in a future continuation.","title":"Positive rent growth has slowed relative to the longer path"},{"body":"Zillow ZORI measures a typical observed asking-rent index across rental types, whereas ACS median gross rent summarizes occupied renter homes in a five-year survey and includes selected utilities. The higher current asking-rent index should therefore not be read as an error in ACS or as proof that every occupied household now pays the ZORI level. It instead identifies a meaningful timing and universe difference.","title":"Current asking rent and occupied-home rent answer different questions"},{"body":"Annualizing the current asking-rent index and applying the 30% screen produces an arithmetic required-income figure below the area median household income. At the same time, a substantial ACS share of renter households reported burden at or above that threshold. Household median income is not renter income, and burden data cannot determine the affordability of a particular listing, tenant, or lease.","title":"The affordability screen shows household-level pressure, not unit-level proof"},{"body":"Redfin's direct ZIP resale observation shows short marketing time, low months of supply, near-list-price sales, and a material share of sales above list. These are for-sale indicators, not rental comparables. They create a useful tension with the slower current rent-growth rate: resale conditions appear tight even though asking-rent growth has moderated from its longer-run pace.","title":"Resale liquidity is firmer than rent moderation alone might imply"}],"risks":["The Zillow index blends rental types and is not a set of active listing comparables, so it may not match the rent, utility treatment, condition, or concession structure of any particular available unit.","ACS figures are multiyear survey estimates for the matched ZCTA and carry sampling uncertainty. They describe occupied households and stock conditions, not current lease terms or real-time vacancy at a property.","The bedroom amounts are modelled by scaling ZIP ZORI with the HUD ladder. HUD standards are administrative rather than observed asking rents, so actual bedroom premiums may differ materially across buildings and leases.","Redfin's resale measures concern homes sold in a rolling three-month for-sale window. The rent-to-price calculation mixes sources and cannot establish operating costs, financing outcomes, property yield, or future performance."],"qa":[{"a":"The ZIP label serves as Zillow's market identifier and is paired here with the Census ZCTA for ACS reporting. A ZCTA is a Census statistical geography designed to approximate ZIP areas; it is not the same as a USPS delivery ZIP and may not share identical boundaries or delivery coverage.","q":"What does it mean that the ZIP is matched to a ZCTA?"},{"a":"No. They are modelled monthly ZIP estimates created by scaling the overall Zillow asking-rent index using the local HUD bedroom ladder. They are useful for consistent relative sizing across bedroom counts, but they are not observed listing medians, signed-lease rents, or direct rental transaction measurements.","q":"Are the bedroom rent figures observed rents for studio through four-bedroom homes?"},{"a":"No. The calculation simply annualizes the ZIP asking-rent index and divides by the stated 30% threshold. It is an arithmetic affordability screen, not underwriting, legal guidance, landlord policy, or a rule for applicant qualification. Actual qualification can depend on income definitions, debts, credit, guarantors, fees, and lease requirements.","q":"Does the required-income calculation determine whether someone qualifies for a lease?"},{"a":"Redfin's data describes recent ZIP home resale conditions, including price, marketing time, supply, and sale-to-list outcomes. Dividing annualized Zillow ZORI by median sold price is only a cross-source screening ratio. It omits expenses, taxes, insurance, maintenance, financing, vacancy at a property, and any property-specific rental evidence, so it is not a return measure.","q":"How should the resale data and rent-to-price screening ratio be interpreted together?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR FY2026","pulledAt":"2026-07-26","url":"https://www.huduser.gov/portal/datasets/usps_crosswalk.html"},{"key":"realtor_county","name":"Realtor.com Economic Research — county listing inventory","release":"county inventory 2026-06","pulledAt":"2026-07-28","url":"https://www.realtor.com/research/data/"},{"key":"redfin","name":"Redfin Data Center — inventory, days on market, and price cuts","release":"metro tracker through 2026-05-01","pulledAt":"2026-07-26","url":"https://www.redfin.com/news/data-center/"},{"key":"redfin_zip","name":"Redfin Data Center — ZIP resale activity and supply","release":"ZIP rolling 3 months through 2026-06-30; updated 2026-07-03","pulledAt":"2026-08-12","url":"https://www.redfin.com/news/data-center/"},{"key":"zillow_county","name":"Zillow ZHVI and ZORI — county values and rents","release":"county ZHVI/ZORI 2026-06","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori","name":"Zillow ZORI — metro market rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2021-06-01","rent":872.390014},{"period":"2021-07-01","rent":879.850446},{"period":"2021-08-01","rent":892.363597},{"period":"2021-09-01","rent":892.336471},{"period":"2021-10-01","rent":905.525457},{"period":"2021-11-01","rent":898.610908},{"period":"2021-12-01","rent":908.535404},{"period":"2022-02-01","rent":918.707314},{"period":"2022-03-01","rent":933.723935},{"period":"2022-04-01","rent":950.805571},{"period":"2022-05-01","rent":948.468173},{"period":"2022-06-01","rent":948.190539},{"period":"2022-07-01","rent":958.824017},{"period":"2022-08-01","rent":968.444938},{"period":"2022-09-01","rent":986.186815},{"period":"2022-10-01","rent":991.942681},{"period":"2022-11-01","rent":1005.375506},{"period":"2022-12-01","rent":1007.854366},{"period":"2023-01-01","rent":1013.270409},{"period":"2023-02-01","rent":1019.670171},{"period":"2023-03-01","rent":1016.646937},{"period":"2023-04-01","rent":1024.740862},{"period":"2023-05-01","rent":1026.779567},{"period":"2023-06-01","rent":1029.763598},{"period":"2023-07-01","rent":1032.165714},{"period":"2023-08-01","rent":1027.35132},{"period":"2023-09-01","rent":1027.951422},{"period":"2023-10-01","rent":1038.481769},{"period":"2023-11-01","rent":1058.263982},{"period":"2023-12-01","rent":1074.121022},{"period":"2024-01-01","rent":1079.720055},{"period":"2024-02-01","rent":1074.558355},{"period":"2024-03-01","rent":1073.224926},{"period":"2024-04-01","rent":1067.580796},{"period":"2024-05-01","rent":1072.769031},{"period":"2024-06-01","rent":1089.334106},{"period":"2024-07-01","rent":1086.843675},{"period":"2024-08-01","rent":1097.930024},{"period":"2024-09-01","rent":1092.957696},{"period":"2024-10-01","rent":1093.262185},{"period":"2024-11-01","rent":1094.928286},{"period":"2024-12-01","rent":1085.415187},{"period":"2025-01-01","rent":1109.536105},{"period":"2025-02-01","rent":1108.081234},{"period":"2025-03-01","rent":1116.926088},{"period":"2025-04-01","rent":1110.189666},{"period":"2025-05-01","rent":1122.791682},{"period":"2025-06-01","rent":1122.976659},{"period":"2025-07-01","rent":1131.991147},{"period":"2025-08-01","rent":1133.933124},{"period":"2025-09-01","rent":1144.135754},{"period":"2025-10-01","rent":1147.272762},{"period":"2025-11-01","rent":1143.663381},{"period":"2025-12-01","rent":1152.560487},{"period":"2026-01-01","rent":1140.091464},{"period":"2026-02-01","rent":1151.504056},{"period":"2026-03-01","rent":1155.143769},{"period":"2026-04-01","rent":1170.327686},{"period":"2026-05-01","rent":1166.617592},{"period":"2026-06-01","rent":1166.388889}],"historySummary":{"pointCount":60,"firstPeriod":"2021-06-01","latestPeriod":"2026-06-01","coverageMonths":61,"coverageRatio":0.9836065573770492,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1122.976659,"endRent":1166.388889,"change":0.03865817659884252,"cagr":0.03865817659884252},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1029.763598,"endRent":1166.388889,"change":0.13267636500780644,"cagr":0.0424021044187064},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":872.390014,"endRent":1166.388889,"change":0.3370039435137322,"cagr":0.05980639957010281}},"maxDrawdown":-0.011398574341200396,"annualizedVolatility":0.02707720439628533,"consecutiveReturnCount":58}}