In Wichita, Kansas, short-term rentals are performing well, with a median occupancy rate of 62%, an average daily rate of $95, and an average annual host income of $22,000, indicating a stable and profitable market.
Thriving Short-Term Rental Market in Wichita, Kansas
Wichita, Kansas, is experiencing a robust and profitable short-term rental market, driven by strong demand and favorable regulations. As of the latest data, short-term rental listings in Wichita boast a median occupancy rate of 62%, indicating a high level of guest interest and utilization. The average daily rate for these rentals stands at $95, contributing to an average annual revenue of $22,000 per host. This performance highlights Wichita as a stable and lucrative destination for short-term rental investments, with the city's lenient regulatory environment and diverse lodging options further enhancing its appeal to both hosts and visitors.
Short-Term Rental Regulations in Wichita, Kansas for 2024
Licensing Requirements
- Short-term rental owners must obtain an annual license for each dwelling unit operated as a short-term rental.
- The license expires one year after the date of issuance and is not transferable.
- The annual licensing fee is $225 per unit.
Zoning and Location Restrictions
- Short-term rentals must comply with the Unified Zoning Code, which dictates where such rentals can operate.
- Rentals are primarily allowed in commercial and mixed-use zones, with more stringent regulations in residential zones.
- In residential areas, hosts may need to obtain a special permit, which involves assessing the impact on the neighborhood and adhering to the Unified Zoning Code.
Zoning Approval Process
- Properties in residential districts require zoning approval to operate as short-term rentals.
- Neighbors can protest the change in zoning code, which is a necessary step for many properties.
Insurance and Safety Measures
- Owners must maintain liability insurance, with a minimum coverage of $250,000.
- Properties must comply with safety measures and occupancy limits to ensure guest safety and neighborhood harmony.
Occupancy Limits
- Maximum of two adults per bedroom, with no set limit on the number of children staying overnight.
Compliance Deadlines
- Owner-occupied short-term rentals must be licensed by March 12, 2024.
- Rentals requiring additional zoning approval must be licensed by September 22, 2024.
Enforcement and Penalties
- Non-compliant property owners face fines of up to $500 per day and potential criminal charges.
- The city allows a 30-day window for property owners to start the licensing process after being notified of non-compliance.
Additional Requirements
- Properties must adhere to a "good-neighbor" policy, limit gatherings to 10 p.m., and have an operator available 24/7.
- The city may conduct inspections to ensure compliance with the regulations.
Neighborhoods Generating the Most Airbnb Revenue in Wichita, Kansas
1. Derby
- Appeal: Derby stands out due to its competitive median property price of $329,950, a healthy 5% cash return for traditional investments, and a 71% Airbnb occupancy rate. Its proximity to Wichita's central city, along with amenities like the Rock River Rapids Aquatic Center, Derby Recreation Center, and High Park, make it an attractive option for guests seeking a balance between community appeal and convenient access to city amenities.
2. Old Town/Downtown Wichita
- Appeal: This area is highly rated for its central location, cleanliness, and proximity to numerous restaurants, shops, and attractions. Guests praise the ease of access to Old Town, with many rentals within a 5-10 minute car ride or walking distance. The historic and modern amenities, such as the Historically Modern Delano and Brickhouse Lodge, make it a favorite among visitors.
3. College Hill
- Appeal: College Hill is known for its charming homes, clean and well-maintained properties, and responsive hosts. Guests appreciate the beautiful and quiet neighborhood, with easy access to nearby places to eat and shop for groceries. The area's peaceful and quiet atmosphere, along with its well-equipped homes, makes it an ideal choice for families and couples.
4. Prairie Village (though technically part of the Kansas City metro area, it is often considered in the broader Wichita investment context)
- Appeal: While Prairie Village is more expensive with a median property price of $724,950, it offers luxury investors long-term value. The area is renowned for its upscale amenities, reputable schools, and polished community events like VillageFest and the Jazz Festival. Guests are drawn to the beautifully landscaped parks, exquisite dining options, and upscale boutiques.
5. East Wichita (including areas near Eastgate Plaza)
- Appeal: This area is appreciated for its convenient location, spacious and cozy rentals, and responsive hosts. Guests enjoy the safe and accommodating environment, with amenities like large backyards and decks. The proximity to restaurants and shopping centers adds to its appeal, making it a popular choice for groups and families.
These neighborhoods are appealing due to their combination of convenient locations, well-maintained properties, and a range of amenities that cater to different types of guests, from families to luxury seekers.
Furnishing and Design Tips for an Inviting Airbnb in Wichita, Kansas
Understanding Wichita's Unique Style
- Wichita is known for its rich cultural experiences, vibrant food and arts scene, and a mix of modern and historic charm. Reflect this in your furniture and decor choices.
Choosing the Right Furniture
- Opt for contemporary designs paired with comfort to create an inviting atmosphere. Consider mid-century modern, rustic, or farmhouse styles, which are popular in Wichita.
- Select high-quality, durable mattresses and furnishings to ensure a comfortable stay. Memory foam mattresses are more durable and easier to maintain.
- Use sofas with washable covers to make maintenance easier, and avoid real or faux leather as they are hard to maintain.
Enhancing the Living Space
- Create a cozy and eclectic atmosphere by mixing modern functionality with local charm and vintage finds. This blend resonates well with Wichita's artistic vibe.
- Include space-saving furniture like sofa beds, folding tables, or ottomans with hidden storage to maximize the use of space.
Kitchen and Dining Essentials
- Equip your kitchen with essentials like a coffee maker, microwave, toaster, and kettle. Additional items such as a blender and sharp knives can be nice extras.
- Use a sturdy dining table that can withstand wear and tear, and complement it with comfy, lightweight chairs that are easy to move around.
Bathroom and Storage Solutions
- Provide high-quality, durable towels in neutral colors that can be bleached. Ensure enough storage for guests' toiletries and personal items using shelves or cabinets.
- Include a full-length mirror and ensure there is a power socket nearby for hair dryers and straighteners.
Work and Relaxation Areas
- Set up a comfortable workspace with a sturdy desk, a comfy chair, good lighting, and easy access to power outlets. High-speed internet is crucial for business travelers and digital nomads.
- Offer outdoor spaces such as patios or gardens, and unique features like fire pits or hot tubs to enhance the guest experience.
Safety and Accessibility
- Install smoke detectors, carbon monoxide detectors, and a first aid kit to ensure guest safety. Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
Local Touches
- Incorporate local art or historical pieces to evoke a sense of cultural connection and reflect Wichita's unique heritage.
Neighborhood Considerations
- Choose neighborhoods that are vibrant and accessible, such as Delano, College Hill, or the Riverside area, which offer different benefits catering to various guest preferences.
Discover Wichita, Kansas: Local Attractions and Insider Tips
Local Attractions
Cultural and Historical Sites
- Keeper of the Plains: A iconic symbol located at the confluence of the Arkansas and Little Arkansas rivers. Don't miss the nightly firepot lighting.
- Old Cowtown Museum: An open-air living history museum showcasing Wichita's history in the late 1800s. Experience life in the cowtown days and enjoy a sarsaparilla.
- Mid-America All-Indian Museum: A unique cultural museum educating visitors about American Indian art, culture, and heritage.
Museums and Galleries
- Wichita Art Museum: Located in the Museums on the River District, featuring a nationally renowned collection of American art. Check out the Dale Chihuly sculptures and outdoor sculptures.
- Museum of World Treasures: A museum showcasing treasures from around the world and through the ages.
- Ulrich Museum of Art: Located at Wichita State University, offering a diverse collection of modern and contemporary art.
Nature and Wildlife
- Botanica, The Wichita Gardens: An 18-acre botanical garden with various plants, landscape designs, and sculptures. Explore the Chinese Garden of Friendship and other themed gardens.
- Sedgwick County Zoo: The seventh-largest zoo in the United States, offering family-friendly and educational experiences.
- Tanganyika Wildlife Park: A family-friendly destination with up-close, hands-on interaction with animals.
Entertainment and Performance
- Intrust Bank Arena: A 15,000-seat multi-purpose arena hosting big names in music and other events.
- Orpheum Theater: Featuring world-renowned performers, local musicians, and regional events.
- Century II Performing Arts & Convention Center: Providing a diverse selection of entertainment and meeting opportunities.
Family Fun
- Exploration Place: A science museum with interactive exhibits and hands-on displays.
- The Arcade: A retro arcade in Old Town featuring classic games.
- Wichita Wind Surge: Catch a Minor League Baseball game at this Double-A affiliate of the Minnesota Twins.
Unique Experiences
- Urban Art Tour: Explore local murals and vibrant street art around the city.
- Beer & Wine Tour: Sample Wichita's craft brew scene on a guided tour.
- Old Town Farm & Art Market: A weekly market featuring local produce, art, and crafts.
Insider Tips
Getting Around
- Use the trolleys to explore Old Town Wichita, downtown, and the river area without walking.
Hidden Gems
- Wichita Troll: Find this offbeat attraction under an unmarked sewer grate near the Westar Energy building.
- Firepot Lighting at Keeper of the Plains: Witness the nightly lighting of the firepots, a unique and memorable experience.
Seasonal Activities
- Fountains at the WaterWalk: Enjoy choreographed water, light, and music shows, especially during holiday seasons.
- Botanica's Seasonal Blooms: Visit Botanica to see the changing gardens and blooms throughout the year.
Local Favorites
- Mort's Martini and Cigar Bar: Enjoy live music, martinis, and a short snack menu in a unique setting.
- Old Town Wichita: Explore the vibrant restaurants, clubs, pubs, and live music venues in this lively neighborhood.
By sharing these attractions and insider tips, you can help your guests make the most of their visit to Wichita, Kansas.
Practical Tips to Run a Successful Short-Term Rental Business in Wichita, Kansas
To ensure a successful and compliant short-term rental business in Wichita, Kansas, several practical tips can be implemented:
Noise Regulations and Guest Communication
Inform your guests about the city's noise regulations, which include limiting gatherings to 10 p.m. Clearly communicate the quiet hours in your house manual and listing to avoid any potential issues with neighbors.
Comprehensive House Manual
Create both digital and physical house manuals that include essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the city's regulations and your expectations for guest behavior.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, and consider including a video tutorial to make the process even smoother.
Parking Instructions
Include detailed parking instructions with photos in your house manual and listing. This helps guests understand where they can park and avoids any confusion or potential parking violations.
By following these tips, you can enhance the guest experience, ensure compliance with local regulations, and maintain a positive reputation for your short-term rental business in Wichita, Kansas.
Here is a brief list of house cleaning providers in Wichita, Kansas:
House Cleaning Services
Green Clean ICT
- Locally-owned residential and commercial cleaning service
- Offers detailed housekeeping, move-in/move-out cleaning, and construction clean-ups
- No contracts, 24-HR satisfaction guarantee, and green cleaning products available
- Bonded & insured
- Contact: (316) 727-6582.
The Cleaning Authority - Wichita
- Locally owned, award-winning franchise
- Professional house cleaning team, fully insured and bonded
- Uses environmentally responsible cleaning products and a Detail-Clean Rotation System
- Free, no-obligation in-home estimates
- Contact: (316) 854-9592.
Merry Maids of Wichita
- 40 years of experience in cleaning services
- Offers services for every room in your home
- Provides free estimates
- Contact: For a free estimate.
MaidPro Wichita
- Locally owned and operated by Dwight and Paige Rounds
- Uses a 49-Point Checklist™ to ensure thorough cleaning
- Customizable services, bonded and insured employees
- Contact: (316) 281-7237.
Short-Term Rental Management Fees in Wichita, Kansas
In Wichita, Kansas, the fees for managing short-term rentals, such as those listed on Airbnb or VRBO, can vary significantly based on the level of service provided. Full-service management, which includes comprehensive tasks like guest communication, marketing, and maintenance, typically ranges from 20% to 30% of the rental revenue.
On the other hand, basic or a la carte services may incur lower fees, often starting at around 10% to 15% of the rental income. Additionally, property owners may need to account for extra fees related to cleaning, repairs, or design services, which can be charged separately by the management company.
Understanding these fee structures is crucial for short-term rental operators to manage their expenses effectively and ensure compliance with Wichita's regulatory requirements.