Topeka, KS
Shawnee County · Pop. 126,587
Ranked #1 of 243 cities
66Moderate
Median Home Price
🏠$140K
2.5% YoY
Median Rent
🔑$900
1.5% YoY
Median Income
💰$42K
Rent Burden
📊27.5%
% of income to rent
Income to Buy
🏦$40K
annual income needed
Income to Rent
📝$36K
annual income needed
Price-to-Income
⚖️3.3x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$745/mo
Est. mortgage (7%, 20% down)
Need $40K/yr income
Rent
$900/mo
Median rent
Need $36K/yr income
How Topeka Compares
| Metric | Topeka | Kansas | National |
|---|---|---|---|
| Home Price | $140K | $220K | $410K |
| Rent | $900 | $1,036 | $1,500 |
| Income | $42K | $70K | $75K |
| Rent Burden | 27.5% | 27.0% | 30.0% |
Key Takeaways
- • Home prices in Topeka are 66% lower than the national average.
- • Rent is 40% lower than the national average.
- • You need an income of $40K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.