Real Estate Investing in Topeka, Kansas (66619)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66619 (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.
No major risk flags on the data we track.
What’s happening in Topeka, KS (66619)?
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Market Analysis: 66619 Topeka
Looking more closely, ZIP 66619 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $136K median. It rewards specialists, not generalists.
Rent of $1,195/mo on a $136K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 66619 sits below the stated 0.0% once reality is priced in.
In the broader KS picture, 66619 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 66619 ZIP's population of 3,069 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Topeka:
Property Strategy for 66619
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $119,900 | $1,960 | 11.8% | +10.6% | $39,967 |
| 4BR | $161,308 | $1,990 | 8.9% | +9.5% | $40,327 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66619 Compare?
| Metric | 66619 | Topeka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $136,365 | $119,504 | N/A | $237,409 |
| 5-Year CAGR | 9.5% | 8.1% | N/A | 7.2% |
| Avg Rent | $1,195 | $1,193 | N/A | - |
| Cap Rate | 6.8% | 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 66619 (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 | $136,365 |
| Monthly Rent | $1,195 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.8% |
| 5-Year IRR | 16.3% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66619
Population: 3,069
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 66619
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Avondale Academy
Topeka Virtual School
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 scores 4.0/5 for investability. Home values sit at $136K and rents near $1,195/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What strategy should investors use in Topeka, KS?
Investors usually favor careful cash-flow rentals with hands-on management in Topeka, KS. With home values at $136K and rents near $1,195/mo, other strategies can work but produce predictable rather than outsized returns.
What do landlords charge for rent in Topeka, KS?
Rent in Topeka, KS is around $1,195/mo. The resulting rent-to-value relationship with $136K pricing is reasonable for most investor models.
How deep is the rental pool in Topeka, KS?
Expect a solid tenant pool in Topeka, KS. The rental market absorbs $1,195/mo rents without meaningful friction.
What is the typical home price in Topeka, KS?
Homes in Topeka, KS typically sell near $136K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
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