Housing Market Analysis · 2026

Rent vs Buy in Topeka, KS

Local prices pre-filled. Adjust any input to match your situation.

Median Home Price $204,466
Median Rent $1,136/mo
Price-to-Rent Ratio 15x
YoY Price Change +1%
Income Needed $58K

Should you buy in Topeka?

Price-to-Rent Ratio

15x — is competitive for buying

A price-to-rent ratio of 15 suggests buying may be competitive with renting in Topeka, KS, depending on your mortgage rate and time horizon.

Monthly Cost Gap

Monthly ownership costs run about $413 above median rent in Topeka, KS. This relatively tight gap makes the rent-vs-buy decision especially sensitive to how long you stay in the home.

Price Trends

Prices in Topeka, KS grew 1% over the past year — modest but steady appreciation that generally supports long-term buying decisions.

Affordability

With an income threshold of $58K, Topeka, KS is among the more accessible markets for first-time buyers — though the decision still hinges on how long you plan to stay.

Interactive Calculator — Topeka Pre-filled

Values are set to Topeka, KS medians. Change anything to match your scenario.

At 10 years

Renting wins by $19K

No breakeven in selected timeframe.

Home Purchase
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Rent & Growth Assumptions
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Down Payment$40,893
Closing Costs$6,134

Monthly Cost (Year 1)

Buy $1,549
Rent $1,136
Mortgage$1,066
Tax$187
Insurance$125
Maintenance$170

Wealth Over Time

Buyer Wealth $131,416
Renter Wealth $150,333
Breakeven No breakeven
YearBuyerRenterWinner
1$37K$56KRent
2$46K$64KRent
3$55K$74KRent
4$65K$83KRent
5$75K$93KRent
6$85K$104KRent
7$96K$115KRent
8$107K$126KRent
9$119K$138KRent
10$131K$150KRent

Common Questions — Renting vs Buying in Topeka

Other KS Markets to Compare

See how the rent-vs-buy math stacks up in other KS cities.