Compare Topeka, KS mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Topeka.
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December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Topeka. Understand how much you need to earn to afford a home in Topeka, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Topeka fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Topeka is right for you.
The median home value for Topeka, KS (Shawnee County) is $164,640
Based on current mortgage rates and a 10% down payment, you need to make $26,976 per year to buy the median priced home in Topeka
With this income, you could qualify for a $148,176 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Topeka is $625
The median household income for Topeka, KS (Shawnee County) is $64,248
Based on this income, you can afford a home valued at approximately $392,125
The home price you can afford to buy based on household income in Topeka is 238% of the median home value which means housing prices are affordable. Topeka (Shawnee County) ranks 85 out of 105 counties in Kansas and 1,008 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Topeka, KS is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Topeka (Shawnee County) below.
Conforming loan limits for Topeka, KS
FHA loan limits for Topeka, KS
VA loan limits for Topeka, KS