Real Estate Investing in Topeka, Kansas (66610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66610 (Topeka, KS)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Topeka, KS (66610)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66610 Topeka
This part of Shawnee County is not an easy win. The 66610 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Turning to rents, the numbers look inviting — $394K purchase price, 0.0% nominal cap — the work to hit that pro forma in 66610 is substantial and deserves full respect.
In the broader KS picture, 66610 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A substantial renter share of 5% in 66610 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 66610 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Topeka:
Property Strategy for 66610
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $245,471 | $1,580 | 4.6% | +6.6% | $122,735 |
| 3BR | $311,559 | $2,080 | 4.8% | +7.1% | $103,853 |
| 4BR | $418,105 | $2,110 | 3.6% | +6.9% | $104,526 |
| 5BR | $518,380 | — | — | +6.9% | $103,676 |
Market Trends
Home Value History (with trend line)
📊 How Does 66610 Compare?
| Metric | 66610 | Topeka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $393,661 | $119,504 | N/A | $237,409 |
| 5-Year CAGR | 5.5% | 8.1% | N/A | 7.2% |
| Avg Rent | $1,422 | $1,193 | N/A | - |
| Cap Rate | 2.8% | 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 66610 (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 | $393,661 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66610
Population: 9,728
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 66610
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Marjorie French Middle School
McClure Elem
McEachron Elem
Indian Hills Elementary
Farley Elementary
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
How does Topeka, KS rate as a rental market?
Topeka, KS rates 3.0/5 for investability. With median values at $394K and rents near $1,422/mo, the market offers reasonable fundamentals for rental investors.
What is the smart move for investors in Topeka, KS?
Most investors in Topeka, KS run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is KS a landlord-friendly state?
The landlord environment in Topeka, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is Topeka, KS suited for a house hack?
For house hackers, Topeka, KS is a challenging. The $1,422/mo rent on a unit helps defray the mortgage on a $394K property.
What do landlords charge for rent in Topeka, KS?
Rent in Topeka, KS is around $1,422/mo. The resulting rent-to-value relationship with $394K pricing is reasonable for most investor models.
You know 66610 now. You don’t know where it ranks.
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How 66610 ranks in Topeka, KS
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