Updated 2026 · Based on median market data for Salina, KS
The median monthly rent in Salina, KS is $1,070, translating to $12,840 in annual gross rental income per unit. The rent-to-price ratio is 0.61% — well below the 1% rule, making pure cash flow investing challenging at median prices.
Renters in Salina spend approximately 23% of the local median household income ($55,200) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Salina is 5.3%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.7% annually provides stable demand.
Salina's GRM (price divided by annual rent) is 13.6x. A GRM between 12-16x is moderate and typical of balanced markets. Deals can work but you need to keep expenses controlled. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,070/mo, a single-family rental in Salina generates approximately $12,840 in gross annual income. After accounting for 5.3% vacancy ($681 lost), property taxes of $2,415, insurance (~$700), and maintenance (~$700), the estimated NOI is $8,344 per year, or $695/mo.
Salina vs Kansas state average and national average across key investment metrics. Salina outperforms both benchmarks on cap rate.