Real Estate Investing in Topeka, Kansas (66607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66607 (Topeka, KS)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- Elevated poverty: 35.8% poverty rate — can affect rent collection.
- Lower household income: $27,410 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Topeka, KS (66607)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66607 Topeka
Within Shawnee County, the 66607 ZIP reports a lower entry point around $75K. From an investor standpoint, operators who can improve stock here typically see outsized uplift.
Flippers and value-add operators have treated 66607 as a working ZIP for a reason. Entry prices around $75K and a deep rental base of 51% renters underpin the exit strategy on both the sale and rent sides.
Comparing Topeka submarkets, ZIP 66607 offers an entry cost that most surrounding neighborhoods have moved past. The substantial delta is the opportunity.
The a credible choice for angle on demographics here is renter willingness to pay a premium for renovated product. The 51% rental share provides scale for the strategy.
Experienced operators with contractor networks find 66607 an appealing option for. First-time flippers often underestimate scope, budget, and timeline, which is how deals here turn sour.
Here's what matters if you're considering buying a home in Topeka:
Property Strategy for 66607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $39,447 | $710 | 13.0% | +3.1% | $39,447 |
| 2BR | $55,576 | $910 | 11.8% | +8.2% | $27,788 |
| 3BR | $83,044 | $1,200 | 10.4% | +9.6% | $27,681 |
| 4BR | $111,645 | $1,220 | 7.9% | +11.1% | $27,911 |
Market Trends
Home Value History (with trend line)
📊 How Does 66607 Compare?
| Metric | 66607 | Topeka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $74,931 | $119,504 | N/A | $237,409 |
| 5-Year CAGR | 9.6% | 8.1% | N/A | 7.2% |
| Avg Rent | $819 | $1,193 | N/A | - |
| Cap Rate | 8.5% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66607 (Topeka, KS). Anonymous, moderated, never written by AI.
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Property managers serving Shawnee County
Manage rentals here? List your business →WCW Property Management specializes in single and multi-family dwellings and HOAs in Northeast Kansas, Wichita, and Kansas City, KS and MO, offering services for tenants, owners, and investors. summary from their website
PURE Property Management of Kansas offers property management services. summary from their website
Rental Management Solutions provides property management services in Northeast Kansas, including rental search, tenant portal, and owner FAQs. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $74,931 |
| Monthly Rent | $819 |
| Price-to-Rent | 7.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.1% |
| Cap Rate | 8.5% |
| 5-Year IRR | 18.2% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +9.6% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66607
Population: 9,873
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 66607
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chase Middle School
Eisenhower Middle School
State Street Elem
Williams Science and Fine Arts Magnet School
Highland Park Central
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,242 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does BRRRR pencil out in Topeka, KS?
BRRRR in Topeka, KS is a strong. The interplay of $75K values and $819/mo rents creates reasonable refinance conditions.
How does Topeka, KS stack up for property investment?
The 5.0/5 investability rating in Topeka, KS reflects its $75K prices and $819/mo rents. Investors generally consider it a solid option within KS.
How do home values compare in Topeka, KS?
The median home value in Topeka, KS is roughly $75K. That puts it reasonable relative to the KS statewide average.
How much is rent in Topeka, KS?
Average rent in Topeka, KS is approximately $819/mo per month. Against $75K home values that yields a reasonable rent-to-price ratio.
How viable is house hacking in Topeka, KS?
Topeka, KS is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $75K price point reasonable to enter.
You know 66607 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66607 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 66607 ranks in Topeka, KS
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