Topeka appreciation rates and housing market information

Topeka housing market information

With a population of 122,045, 56,481 total housing units (homes and apartments), and a median house value of $106,848, house prices in Topeka are solidly below the national average.

single-family detached homes are the single most common housing type in Topeka, accounting for 64.25% of the city's housing units. Other types of housing that are prevalent in Topeka include large apartment complexes or high rise apartments (19.64%), duplexes, homes converted to apartments, or other small apartment buildings (7.74%), row houses and other attached homes (4.37%), and a few mobile homes or trailers (4.00%).

People in Topeka primarily live in small (one, two, or no bedroom) single-family detached homes. Topeka has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Topeka's housing was primarily built during this period, from the '40s through the '60s. A full 44.93% of the city's housing hails from this era. Other housing ages represented in Topeka include homes built between 1970-1994 (32.21%), and housing constructed from 1939 and earlier (18.15%). There's also some housing in Topeka built between 1995 and later (4.71%).

Topeka home appreciation rates

Topeka's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Topeka during the period has been just 5.31%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Topeka home appreciation rates, at 1.64%, have been at or slightly above the national average. In the latest quarter, Topeka's appreciation rate has been 0.01%, which annualizes to a rate of 0.04%.

Relative to Kansas, our data show that Topeka's latest annual appreciation rate is higher than 14% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Topeka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Topeka - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Topeka real estate investment or home purchase decisions.