Salina
Investment Analysis

Salina, KS
Housing Market Screening

City-level home-price and one-bedroom-rent references with transparent methodology and limitations.

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City-level screening

20.4x

Home price / annualized 1BR rent

Gross annual 1BR-rent reference
4.9%
Recorded YoY field
+2.6%

Not cap rate, ROI, valuation or buy-versus-rent advice. City fields may reflect different source years.

Median Home Price
$194,250
Average Rent (1BR)
$792/mo
Median Income
$60,624
Population
46,432

Housing Screening Context

Salina has a computed screening multiple of 20.4x and a gross annual 1BR-rent reference of 4.9%.

These values compare separate city-level fields, not one matched property. They exclude financing, taxes, insurance, maintenance, vacancy, transaction costs and tenure horizon.

Recorded year-over-year price change: +2.6%. Source period and forecast assumptions should be reviewed before scenario use.

Read the transparent methodology or open the Housing Research Hub.

Rental Cash Flow Analysis

Monthly Income

Gross Rent $792
Annual Gross $9,504

Est. Monthly Expenses

Property Tax (~1.5%) -$243
Insurance (~0.5%) -$81
Maintenance (~1%) -$162
Est. Net Cash Flow $306/mo

Price Forecast 2026โ€“2028

๐Ÿ”ฎ Salina Price Forecast 2026โ€“2028

Based on 5-year Zillow ZHVI trend analysis ยท Statistical projection
๐Ÿ“ˆ Upward Trend
PROJECTEDNOW$178K2027$186Kโ–ฒ 4.8%2028$193Kโ–ฒ 8.5%20232024Now
$202K$157K
Current
$194K
2026
Projected
$186K
โ†‘ 4.8% by 2027
Projected
$193K
โ†‘ 8.5% by 2028
5yr CAGR:+4.7%
Confidence:High
Rยฒ:0.92
โ–ผ

As we look toward the 2026-2028 period, the Salina housing market forecast suggests a period of steady, modest appreciation rather than explosive growth. The current median price of $168,110 reflects a market that has already seen significant gains, with a 5-year price change of 33.0% and a compound annual growth rate of 5.8%. This momentum is likely to moderate, with annual appreciation aligning closer to the recent YoY Price Change of 2.8%. Salina's affordability remains a key draw, supported by a price-to-rent ratio of 15.7x, which is notably lower than the national average, making it an attractive option for both first-time buyers and long-term rental investors. The local economy, anchored by education, healthcare, and manufacturing, provides a stable foundation for housing demand, though significant population influx is not anticipated.

When asking will Salina home prices drop between now and 2027, the data points to resilience rather than decline. The market's Days on Market of just 29 days indicates consistent buyer interest, while the Risk Grade of A highlights the area's low volatility and economic stability. The Market Temperature score of 66/100 suggests a balanced environmentโ€”not too hot to overheat, nor too cold to stagnate. For those considering Salina real estate Salina 2027 investments, the NEUTRAL buy/rent verdict implies that while immediate gains may be limited, long-term holding remains a sound strategy. Affordability will continue to be a central theme, likely insulating the market from sharp corrections seen in more volatile coastal markets.

Projected Cap Rate (2027)
3.2%
5yr CAGR
+4.7%

Job Market

Unemployment 2.9%
National avg: 3.7%
Job Growth (YoY) +1.1%

Healthcare

74
Score
Good

Risk Factors

Low Risk Profile

Market Activity

Source: Redfin ยท 2026-05-31
Sale-to-List 100.1%
Months Supply 1.1
Price Drops 24%
Gone in 2 Wks 48%

Market Position

Affordability Below Avg
Safety Average

ROI Projector Model an editable scenario

Adjust the sliders to model different investment scenarios for Salina.

Total ROI
-35%
on $38,850 invested
Annual ROI
-8.3%
compounded
Total Return
-$13,627
appreciation + cashflow
Mo. Cash Flow
-$746
year 1 estimate
Equity Growth Over 5 Years
Y146kY252kY360kY467kY575k
Appreciation
$26,923
Cash Flow
-$40,550
Final Equity
$74,880

* Estimates based on 2.6% annual appreciation, 3% rent growth, 5% vacancy. Does not include closing costs, tax benefits, or capital gains tax. For illustrative purposes only.

Rental Scenario Calculator Estimate your monthly cashflow

Rental Cash-Flow Scenario

Pre-filled for Salina

Property

Purchase Price$194,250
Monthly Rent$792
Down Payment20%

Financing

Interest Rate6.5%

Expenses

Property Tax1.2%
Insurance (Annual)$1,500
Maintenance Reserve1%
Vacancy Rate5%
Property Management0%
HOA (Monthly)$0
-$711
Modeled Monthly Cash Flow
-$8,532/ year
-22.0%
Cash-on-Cash
1.7%
Cap Rate

Monthly Breakdown

+ Rental Income$792
โˆ’ Mortgage (P&I)$982
โˆ’ Property Tax$194
โˆ’ Insurance$125
โˆ’ Maintenance$162
โˆ’ Vacancy Loss$40
= Net Cash Flow-$711

Scenario Summary

Down Payment
$38,850
Loan Amount
$155,400
Total Monthly Expenses
$1,503
Gross Yield
4.9%

Investor Toolkit

Research Salina before you invest

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with qualified professionals. Data sources include Zillow, Census Bureau, and BLS. Cap rates and yields are estimates based on available data.

Last updated: July 2026