Real Estate Investing in Topeka, Kansas (66611)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66611 (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.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
What’s happening in Topeka, KS (66611)?
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Market Analysis: 66611 Topeka
This part of Shawnee County is not an easy win. The 66611 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 66611 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Topeka have seen price recovery that 66611 has not matched. Shawnee County data supports the view that the spread is structural rather than temporary.
A resilient renter share of 55% in 66611 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 66611 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Topeka:
Property Strategy for 66611
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,414 | $1,040 | 6.8% | +10.6% | $54,707 |
| 3BR | $157,875 | $1,370 | 6.2% | +8.7% | $52,625 |
| 4BR | $260,246 | $1,390 | 3.8% | +7.9% | $65,062 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66611 Compare?
| Metric | 66611 | Topeka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $164,452 | $119,504 | N/A | $237,409 |
| 5-Year CAGR | 7.8% | 8.1% | N/A | 7.2% |
| Avg Rent | $1,242 | $1,193 | N/A | - |
| Cap Rate | 5.9% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66611 (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 | $164,452 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 13.7% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +16.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 66611
Population: 9,912
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 66611
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Robinson Middle School
Williams Science and Fine Arts Magnet School
Lowman Hill Elem
McCarter Elem
Randolph Elem
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
Is Topeka, KS a good market for buy-and-hold investors?
Topeka, KS rates 3.0/5 for investability. With median values at $164K and rents near $1,242/mo, the market offers reasonable fundamentals for rental investors.
What do rentals go for in Topeka, KS?
Topeka, KS rentals go for roughly $1,242/mo a month. That puts gross yield in solid territory relative to $164K acquisition costs.
Which investment style suits Topeka, KS?
In Topeka, KS the durable play is typically careful cash-flow rentals with hands-on management. The combination of $164K prices and $1,242/mo rents suits that approach.
How qualified is the tenant pool in Topeka, KS?
Topeka, KS draws a steady base of working renters. Demand at the $1,242/mo rent level is reasonable for standard single-family and small multi rentals.
Are there empty rentals in Topeka, KS?
Topeka, KS carries elevated vacancy risk. Expect consistent absorption at market rents of $1,242/mo.
You know 66611 now. You don’t know where it ranks.
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How 66611 ranks in Topeka, KS
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