The housing market in Topeka, KS is flourishing, as evidenced by the current median value of $169,700. Compared to the US house median value of $338,100, Topeka’s housing prices are much more affordable. The strong local economy has also resulted in a larger 1-year house appreciation rate of 9.13%, higher than the US average of 8.27%. With this kind of growth, it’s no wonder that more people are choosing to call Topeka home.
The median home cost in Topeka is $169,700. Home appreciation the last 10 years has been 63.7%. Home Appreciation in Topeka is up 14.8%.
Average Age of Homes
- The median age of Topeka real estate is 52 years old
The Rental Market in Topeka
- Renters make up 38.7% of the Topeka population
- 4.4% of houses and apartments in Topeka, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.