The table below shows the number of households that can afford houses of varying costs. The table shows that 12,095 households within the city can afford a house with a market value of between $70,000 and $90,000.

Throughout Wichita, however, home sales declined during the first quarter of 1999, compared to the same period of 1998, indicating that any new product will have to be competitive in terms of price, size, and amenities. One significant positive aspect of the neighborhood is its proximity to the downtown employment centers and Via Christi Medical Center.

The neighborhood could appeal to a number of local employees. Based on the varied incomes of hospital employees, these potential buyers should be able to purchase homes in all of the categories shown below. With 6,000 employees at the hospital and government offices, a large pool of potential residents is already working in the neighborhood.

To truly achieve a mixed-income neighborhood and to alleviate potential developer concern regarding building in the area, the City's package of homeowner incentives may need to be expanded.

The City of Wichita has a number of programs to assist homebuyers. The Neighborhood Revitalization Homeownership Program assists low-income families trying to purchase their first home. The program forgives a $3,300 loan after five years if the home is still owned and occupied by the recipient. The Wichita Homeownership "80" Program also helps low- to moderate-income families buy their first home. This program provides up to $15,000 for down payment, closing costs, and home rehabilitation. The non-interest bearing loan must be repaid at time of resale. The City also has four Neighborhood Improvement Services that can be used for various improvements in owner-occupied units.