Adventures in Gyrocopters

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A used Gyroplane can be bought for around $10,000.  Some cost more some less.

New Gyroplanes have a wide range.  

Kits builds  start around $23,000 less engine and instruments

The more elaborate kits can  go as high as $150,000 or more.

Depending on the type of machine, a Gyroplane can fly as slow as  25 mph.  Cruise speed can range from 60 mph up to 100 mph.  The top speed on some gyros can be as high as 120+ mph. 

The typical service ceiling for most gyroplanes is 10,000 feet.  

The record for altitude is 27,556 feet.

That being said, I usually fly low and slow. That is why I bought and built mine. 

Yes and No.  

To legally fly any gyroplane that is not an ultralight (weighs less than 254 lbs.) you must have the following:

1) A current 3rd class medical certificate (medical certification not required for Sport Pilot)

2) A student license or a sport pilot, gyroplane recreational, private or commercial license

For the current rules and regulations check with a certified instructor. 

A true single seat ultralight requires no license to fly, assuming it meets the requirements of FAR Part 103 for an ultralight aircraft and meets the definitions described by the FAA. 

Part 103 established limits on size, performance, and configuration and also established that people flying them needed no certificate or medical qualification. 

For current rules and regulations check with a certified instructor.