Southwest Topeka, Topeka, KS—66614
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Topeka, Topeka, KS
As of Oct '25, the median home price in Southwest Topeka, Topeka, KS is $233,000, with a year-over-year change of 4.0%. This indicates that home prices in Southwest Topeka, Topeka, KS are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | 4.0% |
| Single Family | $240,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $76,000 | -6.2% |
2 Bed | $141,000 | 0.7% |
3 Bed | $229,000 | 4.1% |
4 Bed | $306,000 | 5.2% |
| 5 Bed | $376,000 | 4.7% |
% of Housing Stock
Rental Trends — Southwest Topeka, Topeka, KS
As of July '25, Rentcast reports the average rent in Southwest Topeka, Topeka, KS is $1,230, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Southwest Topeka, Topeka, KS is studios: $625, 1-bedrooms: $751, 2-bedrooms: $926, 3-bedrooms: $1,680, 4-bedrooms: $2,320. The most common rental property sizes in Southwest Topeka, Topeka, KS are 2-bedroom and 3-bedroom, accounting for 41.3% and 19.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $880 | $1,230 |
| Studio Rent | $625 | $625 |
| 1 Bed Rent | $765 | $751 |
| 2 Bed Rent | $875 | $926 |
| 3 Bed Rent | $1,600 | $1,680 |
| 4 Bed Rent | $1,940 | $2,320 |
% of Rental Stock
Property Listings — Southwest Topeka, Topeka, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Topeka, Topeka, KS is 35. This is a increase of 5.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 1.0% |
Listing Count | 91 | 2.0% |
| Listings as % of Homes | 0.5% | 2.0% |
Days on Market | 35 | 5.0% |
Demographics — Southwest Topeka, Topeka, KS
As of the latest ACS Survey released in 2023, Southwest Topeka, Topeka, KS has a population of 32,600, which has increased by 1.3% over the past 5 years. Southwest Topeka, Topeka, KS is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,600 | 1.3% |
% Under 18 | 20.5% | -10.9% |
% Seniors | 22.8% | 15.2% |
% WFH | 11.0% | 254.8% |
% w/ College Degree | 39.3% | -2.7% |
As of the latest ACS Survey released in 2023, Southwest Topeka, Topeka, KS is a predominantly white area, with 79.0% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Southwest Topeka, Topeka, KS is hispanic, making up 9.0% of the population. Foreign-born residents account for 4.5% of the population in Southwest Topeka, Topeka, KS, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.0% | 1.4% |
% Black | 4.1% | -29.3% |
% Hispanic | 9.0% | 0.0% |
% Asian | 2.9% | 7.4% |
% Foreign Born | 4.5% | 0.0% |
Mortgage and Risk — Southwest Topeka, Topeka, KS
According to HUD data as of 2023, there were 581 mortgage originations in Southwest Topeka, Topeka, KS, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Topeka, Topeka, KS. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 581 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Southwest Topeka, Topeka, KS
As of 2024, the percent of homes in Southwest Topeka, Topeka, KS under the Section 8 program is 9.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Southwest Topeka, Topeka, KS, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 415 |
Total Units Section 8 | 416 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 66.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $765 | $800 |
| 2 Bedroom | $175 | $875 | $1,050 |
| 3 Bedroom | -$240 | $1,600 | $1,360 |
| 4 Bedroom | -$500 | $1,940 | $1,440 |
Affordability — Southwest Topeka, Topeka, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $233,000 |
| Median Household Income | $70,400 |