Downtown Topeka, Topeka, KS—66603
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Topeka, Topeka, KS
As of Oct '25, the median home price in Downtown Topeka, Topeka, KS is $62,000, with a year-over-year change of -8.5%. This indicates that home prices in Downtown Topeka, Topeka, KS are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $62,000 | -8.5% |
| Single Family | $59,000 | -7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Topeka, Topeka, KS
As of July '25, Rentcast reports the average rent in Downtown Topeka, Topeka, KS is $843, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Downtown Topeka, Topeka, KS is studios: $672, 1-bedrooms: $656, 2-bedrooms: $1,060. The most common rental property sizes in Downtown Topeka, Topeka, KS are 1-bedroom and 2-bedroom, accounting for 45.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $843 |
| Studio Rent | $595 | $672 |
| 1 Bed Rent | $650 | $656 |
| 2 Bed Rent | $1,250 | $1,060 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown Topeka, Topeka, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Topeka, Topeka, KS is 96. This is a decrease of -31.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -28.0% |
Listing Count | 3 | 150.0% |
| Listings as % of Homes | 0.2% | 150.0% |
Days on Market | 96 | -31.0% |
Demographics — Downtown Topeka, Topeka, KS
As of the latest ACS Survey released in 2023, Downtown Topeka, Topeka, KS has a population of 1,300, which has decreased by -3.8% over the past 5 years. Downtown Topeka, Topeka, KS is a popular place for families, as children make up 31.6% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,300 | -3.8% |
% Under 18 | 31.6% | 45.0% |
% Seniors | 12.3% | -4.7% |
% WFH | 11.6% | ∞% |
% w/ College Degree | 17.0% | 28.8% |
As of the latest ACS Survey released in 2023, Downtown Topeka, Topeka, KS is a predominantly white area, with 41.9% of the population identifying as white. The white population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in Downtown Topeka, Topeka, KS is hispanic, making up 21.7% of the population. Foreign-born residents account for 9.3% of the population in Downtown Topeka, Topeka, KS, and this percentage has increased by 24.0% 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 | 41.9% | -17.5% |
% Black | 7.5% | -48.6% |
% Hispanic | 21.7% | -12.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 9.3% | 24.0% |
Mortgage and Risk — Downtown Topeka, Topeka, KS
Downtown Topeka, Topeka, KS lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Downtown Topeka, Topeka, KS
Downtown Topeka, Topeka, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 58.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $650 | $670 |
| 2 Bedroom | -$380 | $1,250 | $870 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Downtown Topeka, Topeka, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $62,000 |
| Median Household Income | $39,000 |