The housing market in Topeka, KS (66616) has seen a great appreciation rate over the past year, exceeding the US average by 0.86%. Median housing value for Topeka sits at $93,100 which is significantly lower than the national median of $338,100. This significant difference creates an opportunity for buyers looking to invest in a home in this area and take advantage of the higher than national average appreciation rate. Despite being slightly below the median range of housing prices, Topeka offers a great quality of life and strong job opportunities that make it a desirable city to live in.
The median home cost in Topeka (zip 66616) is $93,100. Home appreciation the last 10 years has been 63.7%. Home Appreciation in Topeka (zip 66616) is up 14.8%.
Average Age of Homes
- The median age of Topeka (zip 66616) real estate is 78 years old
The Rental Market in Topeka (zip 66616)
- Renters make up 25.5% of the Topeka (zip 66616) population
- 8.3% of houses and apartments in Topeka (zip 66616), 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.