2024 · Kansas
Rental yield in Kansas
In 2024, the typical rental in Kansas produced a gross yield of 5.4% — $1,079/mo median rent against a $239K median home value, ranking 13th of 51 states.
5.4%
Gross rental yield
above the 4.9% U.S. median
$1,079/mo
Median gross rent
incl. utilities (ACS)
$239K
Median home value
owner-occupied (ACS)
Kansas metros by yield
Metropolitan areas in Kansas with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Joplin, MO-KS | 6.5% | $1,001/mo | $185K |
| Topeka, KS | 5.6% | $990/mo | $212K |
| St. Joseph, MO-KS | 5.5% | $882/mo | $192K |
| Wichita, KS | 5.4% | $1,010/mo | $224K |
| Kansas City, MO-KS | 5.0% | $1,315/mo | $314K |
| Manhattan, KS | 5.0% | $1,070/mo | $258K |
| Lawrence, KS | 4.0% | $1,100/mo | $330K |
Frequently asked questions
What is the gross rental yield in Kansas?
In 2024, Kansas had a gross rental yield of 5.4% — $1,079/mo median gross rent against a $239K median home value. That ranks 13th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Kansas metros have the best rental yield?
Among Kansas metros covered by the data, gross yield was highest in Joplin, MO-KS (6.5%), Topeka, KS (5.6%), and St. Joseph, MO-KS (5.5%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Kansas
Yield shows where the numbers work; our Investor Financing Report for Kansas shows the rate premium, denial rate, and DSCR lending investors face there.
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.