Real Estate Investing in Topeka, Kansas (66612)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66612 (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.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 16.9% of homes vacant — above national norms.
- 1-year downturn: Values declined 8.9% in the last year.
- Lower household income: $27,796 median — tenant affordability is tighter.
What’s happening in Topeka, KS (66612)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 66612 Topeka
In Topeka's 66612 ZIP, the arithmetic favors hands-on owners. Median home values posts $68K, leaving spread for capex-heavy BRRRR or reposition strategies.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 66612 ZIP's older housing stock gives operators the opportunity set to execute.
Across Topeka, pockets like 66612 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
Residents in 66612 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Topeka:
Property Strategy for 66612
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $52,185 | $890 | 12.3% | +11.0% | $26,093 |
| 3BR | $70,016 | $1,160 | 11.9% | +9.3% | $23,339 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 66612 Compare?
| Metric | 66612 | Topeka | Topeka, KS | Kansas |
|---|---|---|---|---|
| Home Value | $67,962 | $119,504 | N/A | $237,409 |
| 5-Year CAGR | 10.0% | 8.1% | N/A | 7.2% |
| Avg Rent | $760 | $1,193 | N/A | - |
| Cap Rate | 8.7% | 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 66612 (Topeka, KS). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 66612 (Topeka, KS)?
~25 seconds · no account needed · your report is anonymous
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 | $67,962 |
| Monthly Rent | $760 |
| Price-to-Rent | 7.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.4% |
| Cap Rate | 8.7% |
| 5-Year IRR | 18.7% |
📈 Home Appreciation
| 1-Year | -8.9% ▼ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.7%) 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 66612
Population: 1,994
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 66612
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Robinson Middle School
Lowman Hill Elem
Jardine Elementary
Jardine Middle School
Landon Middle 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
Does Topeka, KS make sense for an investment property?
Topeka, KS rates 5.0/5 for investability. With median values at $68K and rents near $760/mo, the market offers reasonable fundamentals for rental investors.
Does a duplex house hack pencil in Topeka, KS?
The house hack math an attractive in Topeka, KS. Owner-occupant buyers benefit from the $760/mo rents and $68K home values.
How much is rent in Topeka, KS?
Rent in Topeka, KS is around $760/mo. The resulting rent-to-value relationship with $68K pricing is reasonable for most investor models.
Are 1% rule properties available in Topeka, KS?
The 1% rule is solid territory for Topeka, KS. Rent-to-price at the median is 1.12%, putting many properties within striking distance.
Is Topeka, KS a viable BRRRR market?
Topeka, KS is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $760/mo produces solid refinance appraisals against $68K values.
You know 66612 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 66612 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 66612 ranks in Topeka, KS
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 66612 (Topeka)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 66612 (Topeka, KS).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.