What's a good cap rate in Topeka?

In Topeka, cap rates typically run around 8.5% (Kansas state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Topeka deal lands versus this benchmark.

What's the average rent for a rental in Topeka?

A typical rental in Topeka runs about $950–$1,350/mo (estimate; varies by neighborhood, size, and condition). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Kansas?

Kansas's effective property tax rate is about 1.34% of value per year — the figure TrueCap applies by default for Topeka deals. You can override it with the exact local rate.

Topeka, KS

Topeka rental property analysis

Topeka, Kansas's capital, offers government-anchored stability and rock-bottom prices — a dependable cash-flow market.

Topeka market snapshot

Cash-flow market

Higher typical cap rates — built for monthly cash flow more than price growth.

Typical cap rate

8.5%

Kansas state median

Typical rent

$950–$1,350/mo

est., SFR / small multi

Typical price

$120,000–$190,000

est., all-in

Property tax

1.34%

Kansas effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Topeka a good place to buy rentals?

State-government employment plus low entry produce strong yields. Modest appreciation; underwrite for cash flow.

See the full Kansasinvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Topeka

West Topeka

Desirable, stable, family renters.

College Hill

Walkable, steady demand.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Topeka deal in 60 seconds

Paste a Topeka address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Kansas tax and HUD rent so you start from the right assumptions.

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