Central Topeka, Topeka, KS—66606
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central Topeka, Topeka, KS
As of Oct '25, the median home price in Central Topeka, Topeka, KS is $135,000, with a year-over-year change of 2.5%. This indicates that home prices in Central Topeka, Topeka, KS are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $135,000 | 2.5% |
| Single Family | $135,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $66,000 | -7.0% |
2 Bed | $114,000 | 2.7% |
3 Bed | $149,000 | 2.1% |
4 Bed | $202,000 | 1.5% |
| 5 Bed | $230,000 | 0.9% |
% of Housing Stock
Rental Trends — Central Topeka, Topeka, KS
As of July '25, Rentcast reports the average rent in Central Topeka, Topeka, KS is $929, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Central Topeka, Topeka, KS is 1-bedrooms: $816, 2-bedrooms: $950, 3-bedrooms: $1,200. The most common rental property sizes in Central Topeka, Topeka, KS are 2-bedroom and 1-bedroom, accounting for 37.3% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $929 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $816 |
| 2 Bed Rent | $900 | $950 |
| 3 Bed Rent | $1,300 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Central Topeka, Topeka, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Central Topeka, Topeka, KS is 37. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $149,000 | -8.0% |
Listing Count | 32 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 37 | 15.0% |
Demographics — Central Topeka, Topeka, KS
As of the latest ACS Survey released in 2023, Central Topeka, Topeka, KS has a population of 10,200, which has decreased by -7.1% over the past 5 years. Central Topeka, Topeka, KS is a moderately popular place for families, as children make up 18.2% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -7.1% |
% Under 18 | 18.2% | 4.6% |
% Seniors | 15.7% | -10.3% |
% WFH | 5.9% | 34.1% |
% w/ College Degree | 35.6% | 11.9% |
As of the latest ACS Survey released in 2023, Central Topeka, Topeka, KS is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Central Topeka, Topeka, KS is hispanic, making up 9.4% of the population. Foreign-born residents account for 1.7% of the population in Central Topeka, Topeka, KS, and this percentage has decreased by 45.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.2% | -2.0% |
% Black | 6.0% | 66.7% |
% Hispanic | 9.4% | -8.7% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 1.7% | -45.2% |
Mortgage and Risk — Central Topeka, Topeka, KS
According to HUD data as of 2023, there were 199 mortgage originations in Central Topeka, Topeka, KS, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Central Topeka, Topeka, KS. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 199 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Central Topeka, Topeka, KS
Central Topeka, Topeka, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 167 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 74.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $695 | $770 |
| 2 Bedroom | $110 | $900 | $1,010 |
| 3 Bedroom | $10 | $1,300 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Central Topeka, Topeka, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $135,000 |
| Median Household Income | $60,900 |