CALCMONEY // HOME AFFORDABILITY // KS // TOPEKA
How much house can you afford in Topeka? Based on local median home prices, current KS mortgage rates, and Topeka property tax data.
$165,000
$1,119/mo
$47,937/yr
$182,904
Monthly housing costs of $1,119 represent 25.8% of Topeka's median gross monthly income ($4,333/mo). At 25.8%, Topeka falls within the standard 28% affordability threshold at current median income levels.
| Median Home Price | $165,000 |
| Down Payment (20%) | $33,000 |
| Loan Amount | $132,000 |
| Monthly PI Payment | $874 |
| Monthly Property Tax | $176 |
| Monthly Insurance Est. | $69 |
| Total Monthly PITI | $1,119 |
| Housing Cost % of Income | 25.8% |
| Required Income (28% rule) | $47,937/yr |
| Max Affordable Home | $182,904 |
$5,775
$1,412/mo
Topeka Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $165,000 | Topeka city median |
| Down Payment (20%) | $33,000 | Conventional loan |
| Monthly PITI | $1,119 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $47,937 | Annual gross |
| Max Affordable Home | $182,904 | Based on median income |
| FHA Down (3.5%) | $5,775 | Minimum FHA |
| Housing Cost % of Income | 25.8% | Median income: $52,000/yr |
| Property Tax Rate | 1.28% | $2,112/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Topeka is $165,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $132,000, generating a monthly P&I payment of $874. Adding property taxes ($176/mo) and homeowners insurance ($69/mo) brings total monthly PITI to $1,119.
Topeka's property tax rate of 1.28% is near the national average, adding a standard increment to monthly housing costs. On the Topeka median home, that is $176/month, or $2,112 per year.
Kansas levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Topeka should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Topeka's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Topeka's mortgage rate of 6.95% and property tax rate of 1.28%, that translates to a maximum affordable home price of approximately $182,904 with 20% down on a 30-year loan.
To afford the median Topeka home priced at $165,000, you need an annual gross income of approximately $47,937. Total monthly housing costs (principal and interest of $874, property taxes of $176, and insurance of $69) come to $1,119/month, which equals 28% of the required income.
At the median home price of $165,000 and median household income of $52,000, the total monthly housing cost of $1,119 represents 25.8% of gross monthly income. This is within the standard 28% guideline, making Topeka relatively accessible at current income levels.
A conventional 20% down payment on the median Topeka home of $165,000 is $33,000. An FHA loan requires just 3.5% down — $5,775 — but adds mortgage insurance of roughly $113/month, bringing total FHA payments to $1,412/month.
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