Mortgage payment estimates, closing cost breakdowns, and homebuying data for Topeka, Kansas.
Median Home Price
$155K
Population
127K
Avg Monthly Rent
$880
Property Tax Rate
1.41% *
* Property tax shown is the Kansas state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Topeka.
Topeka vs Kansas Median
The median home price in Topeka is $155,000, which is 31% below the Kansas state median of $225,000.
Mortgage Calculator — Topeka, KS
Pre-filled with Topeka median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$1,440/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $182
Insurance: $242
PMI: $86
10% Down
$1,387/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $182
Insurance: $242
PMI: $81
20% Down (No PMI)
$1,208/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $182
Insurance: $242
Income needed (28% rule): $52K/year with 20% down, $59K/year with 10% down.
Rent vs Buy in Topeka
Rent
$880/mo
vs
Buy (10% down)
$1,387/mo
Price-to-rent ratio: 14.7 — With a ratio under 15, buying in Topeka is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $507 more than renting, but you build equity with every payment.
The median home price in Topeka is $155,000, 31% below the Kansas state median of $225,000. With a population of 126,587, Topeka is a mid-size city where home prices tend to be more accessible than in many parts of Kansas.
Property taxes in Kansas average 1.41% annually. This moderate property tax rate means a $155,000 home in Topeka would carry roughly $182/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Topeka is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Topeka over the long term.
Topeka offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kansas's KHRC First-Time Homebuyer program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Topeka.