Topeka, Kansas Housing Market Prices
Topeka Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 15% above the Kansas median$120,255
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Median rent 9% below the Kansas median$965
Housing Market Overview
| Metric | Topeka | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,255 | $104,644 | $248,835 |
| Price Trend (Annual %) | 8.7% | 4.4% | 7.5% |
| Median Gross Rent | $965 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Topeka is about 15% higher than in Kansas. Rent is about 9% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Topeka, up about 8.7% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Topeka rose about 35.1% between 2015 and 2024, from $714 to $965. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Topeka.
Buying the median-priced home in Topeka costs roughly 10.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Topeka. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Topeka | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,255 | $104,644 | $248,835 |
| Median Household Income | $56,927 | $74,287 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Topeka rose about 92.0%, while median household income rose about 45.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Topeka | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.3% | 60.9% | 58.5% |
| Rental Rate | 38.0% | 29.8% | 31.2% |
| Vacancy Rate | 8.7% | 9.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Topeka has a homeownership rate of 53.3%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 8.7%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Topeka | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1965 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 6.0 | 5.5 |
The typical housing unit in Topeka was built around 1965. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Topeka, Kansas.
What is the median home price in Topeka, Kansas?
The median home price in Topeka, Kansas is $120,255, higher than the Kansas average of $104,644.
What is the average home price in Topeka, Kansas?
The typical home price in Topeka, Kansas, reported as the median sale price, is $120,255. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Topeka, Kansas?
The median gross rent in Topeka, Kansas is $965 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Topeka in 2020?
In 2020, the median gross rent in Topeka, Kansas was $808 per month.
What is the price-to-rent ratio in Topeka, Kansas?
The price-to-rent ratio in Topeka, Kansas is about 10.4, meaning it would take roughly 10.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Topeka.
Are home prices or rent rising faster in Topeka, Kansas?
Both home prices and rent are rising in Topeka, up about 8.7% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Topeka, Kansas?
53.3% of households in Topeka, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Topeka, Kansas?
The housing vacancy rate in Topeka, Kansas is 8.7%, lower than the Kansas average of 9.2%.
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