Is Topeka, KS a good place to invest in rental property?

Topeka, KS has a median modeled monthly cash flow of $-317 and a median cap rate of 4.5%, on a median sold price of $175,000. Prices changed -3.4% year over year.

What is the average cap rate in Topeka, KS?

The median cap rate across recently sold homes in Topeka, KS is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Topeka, KS?

The median sold price in Topeka, KS is $175,000 (about $112 per square foot).

Investing in Topeka, KS Real Estate

A data-driven snapshot of the Topeka, KS rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$175,000Median sold price

$112Median $/sqft

4.5%Median cap rate

$-317Modeled cash flow / mo

-3.4%Appreciation YoY

212.1Months of supply

1,361Active listings

77Sold (last 12 mo)

What the Topeka numbers say

In Topeka, KS, the median home sold for $175,000 (about $112 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-317 of monthly cash flow. Sold prices moved -3.4% over the past year. Inventory sits at about 212.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Kansas markets to compare

See Topeka cash-flowing listings

CashFlowRE ranks every for-sale home in Topeka, KS by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Topeka deals, or browse the national market data.