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Topeka

Learn about the people, housing, costs and businesses in Topeka, Illinois

Median Home$116,400
Median Rent$946/month
Population55
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆⬆+21.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners91% of occupied units
NotableTransit90/100 · excellent transit access
NotableVeteran Community11% of residents · top 9% nationally
Topeka
IL

Frequently Asked Questions

What are today's mortgage rates in Topeka?

As of today, the 30-year fixed mortgage rate for Topeka is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Topeka?

The median home value in Topeka is $116k. The median monthly rent is $946. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Topeka?

Home values in Topeka have increased 21.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Topeka?

Based on a typical all-in ownership cost of $757/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Topeka is $79k/year.

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What industries drive the economy in Topeka?

The largest employment sectors in Topeka are public administration (17%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.