If your investment strategies include growing your portfolio of rental properties, you need look no further than Wichita, Kansas.
The city's thriving business environment and growing economy are a big attraction for renters, making this city a prime location for profitable real estate investing. Families and young entrepreneurs flock here to enjoy promising employment options, good schools, and a friendly environment.
Read on to explore where you should start searching for the next addition to your property portfolio.
College Hill
Wichita is home to 11 colleges, making it a good option for landlords catering to the student market. College Hill is just 3 miles from Wichita State University, which is undergoing significant upgrades to cater to even more students.
The neighborhood offers a good mix of urban conveniences and suburban tranquility and offers close access to the popular downtown area.
Riverside
If you're interested in buying an investment property that appeals to families, Riverside has it all. It has an excellent location alongside the Arkansas River and a pleasing mix of modern and historic homes.
There are many recreational activities available nearby, making it easy to market these Wichita properties to families with young children.
Delano
Delano is a newly revamped suburb composed of beautifully refurbished historic buildings. It's a trendy neighborhood filled with unique shops, restaurants, and entertainment venues.
Its close location to the city and a good selection of duplexes and townhomes make Delano a popular option among young entrepreneurs looking for rental accommodation.
Park City
Park City, located just north of Wichita, is another top real estate investment choice. This community has grown rapidly in recent times and is home to several new developments, appealing HOAs, and commercial buildings.
It's more affordable to buy a house here than in the city center, although it still offers easy access to the city's amenities and employment opportunities.
Park City also holds pride of place along major transit routes, which only increases its appeal for commercial tenants.
Haysville
Haysville is ideally located for family homes and growing businesses, particularly industrial, manufacturing, and service facilities. It's a short drive from Wichita, which contributes to its small-town feel and family-friendly atmosphere.
Affordable homes, good schools, a low crime rate, and varied housing options add to Haysville's appeal for families.
These attributes also make Haysville appealing to vacationers wanting to enjoy Wichita's many cultural and outdoor attractions, so it's good for investing in short-term rental properties, too.
Maximize Your Real Estate Investing Efforts
Choosing the right neighborhood at the right time makes all the difference for success as a landlord, and working with a team of professionals is the best way to find these hidden gems.
PMI Wichita can assist you with every aspect of real estate investing. Our dedicated local team is well-versed in Wichita real estate market trends and is supported by a growing international franchise with 20 years of experience.
Our bouquet of services includes the full range of residential property management services, and we can advise you on the best areas for rental property investments.
Find out how we can help you start your journey toward a profitable property investment ROI.
