Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$216,883+1.2% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$47,016About 0.6× the local median income ($73,815): affordable for a typical household
Days on market43 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.5%Zillow expects prices to rise slightly
The typical home in Topeka, KS is worth $216,883, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $190,935, so the area is 13.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 31% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.5% over the next year. A household needs about $47,016 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,815. Typical rent is $1,250 a month, or $1,349 for a house. In the latest IRS figures, 86 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$216,883
Change in 1 year
+1.2%
Overvalued %
+13.6%
Show 7 more
Fair home value
$190,935
Change in 5 years
+32.4%
Zillow forecast, next 12 months
+3.5%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,175
Income needed to afford it
$47,016
Property tax rate
1.44%
Rent and investing
Typical rent
$1,250
Typical rent for houses
$1,349
Price-to-rent ratio
14.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,172
Gross rental yield
6.92%
Cap rate (estimate)
4.50%
Market activity
Listings vs a year ago
+31.2%
Days on market
43
Listings with a price cut
21.7%
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Homes for sale
517
Pending sales per 100 listings
48
Asking price per sq ft
$137
People and jobs
Median household income
$73,815
Population change (1 year)
+0.1%
Unemployment rate
3.7%
Show 4 more
Population
233,052
Income adjusted for cost of living
$83,125
Net moves in (IRS)
+86
Cost of living (US = 100)
88.8
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
73.1
Unhealthy air days a year
5
Show 4 more
Flood risk score
75.9
Wildfire risk score
75.9
Walkability (1 to 20)
9.0
Road, rail and air noise
52 dB
Questions people ask
Is Topeka, KS overvalued?
Home prices in Topeka, KS are well above what local incomes have historically supported: fair value is about $190,935, so the area is 13.6% overvalued.
Is Topeka, KS a buyer's or seller's market?
Topeka, KS is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 31% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Topeka, KS?
Home values in Topeka, KS are up 1.2% over the last year. Zillow's forecast for the next 12 months is +3.5%.
How much do you need to earn to buy a home in Topeka, KS?
A household needs about $47,016 a year to afford the typical home in Topeka, KS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,815.