Topeka, KS Real Estate Market 2026

Investor-grade market analytics for Topeka, Kansas. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$220,299

+1.8% year-over-year

Est. Rental Yield

7.0%

gross annual

12-Month Forecast

+1.8%

base case (Zillow ZHVF)

+1.8% year-over-year

Climate Risk

18/100

Very Low

Market Momentum

➡️
Neutral
1.2mo supply · Score +1/7

Net migration: Bottom 16% nationally

Income Migration

➡️ Neutral0.96x

In-migrants avg $50,946 AGI vs out-migrants $53,000

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Opportunity Zone Market

8 ZIP codes in Topeka are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Topeka Market Summary

Topeka, KS is in a stabilization phase with 1.8% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 3.23x, below the national average of 4.8x. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 7.02% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score97/100
Price-to-Income Ratio3.2x (national avg 4.8x)
Median Household Income$68,160

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+0.9%
Base Case+1.8%
Bull Case+2.7%

Climate & Natural Hazard Risk

Topeka, KS's primary climate exposure is wind storms (35/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Topeka dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.