Topeka, IN—46571
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Topeka, IN
Topeka, IN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 4.8% |
| Single Family | $387,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $341,000 | 4.9% |
3 Bed | $288,000 | 5.9% |
4 Bed | $391,000 | 5.7% |
| 5 Bed | $570,000 | 7.8% |
% of Housing Stock
Rental Trends — Topeka, IN
As of July '25, Rentcast reports the average rent in Topeka, IN is $563, with a year-over-year rent change of 28.5%. Per bedroom, the median rent as of July '25 in Topeka, IN is 1-bedrooms: $563. The most common rental property sizes in Topeka, IN are 2-bedroom and 3-bedroom, accounting for 57.9% and 18.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $563 | $563 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $563 | $563 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Topeka, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Topeka, IN is 49. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -20.0% |
Listing Count | 5 | 17.0% |
| Listings as % of Homes | 0.1% | 17.0% |
Days on Market | 49 | -24.0% |
Demographics — Topeka, IN
As of the latest ACS Survey released in 2023, Topeka, IN has a population of 6,320, which has increased by 15.7% over the past 5 years. Topeka, IN is a popular place for families, as children make up 39.0% of the population. The area has a poorly educated workforce, with 3.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,320 | 15.7% |
% Under 18 | 39.0% | -13.7% |
% Seniors | 8.4% | 5.0% |
% WFH | 9.9% | 52.3% |
% w/ College Degree | 3.7% | -17.8% |
As of the latest ACS Survey released in 2023, Topeka, IN is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Topeka, IN is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.8% of the population in Topeka, IN, and this percentage has increased by 38.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.2% | 1.5% |
% Black | 0.1% | ∞% |
% Hispanic | 1.6% | -23.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | 38.5% |
Mortgage and Risk — Topeka, IN
According to HUD data as of 2023, there were 198 mortgage originations in Topeka, IN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 35.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Topeka, IN. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 198 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Topeka, IN
Topeka, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $197 | $563 | $760 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Topeka, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $387,000 |
| Median Household Income | $84,700 |