With a population of approximately 130,000 residents, the city of Topeka is one of the largest cities in Kansas. Located on the Kansas River, Topeka is within convenient driving distance of several major metropolitan areas including Kansas City, Omaha and St. Louis. Topeka is also an important rail hub and a shipping and marketing center for neighboring agricultural areas. The local economy benefits from major manufacturing and processing of flour, tires and pharmaceutical products as well as a number of meatpacking plants. Other important industries within the region include education, health and social services and retail trade.
Residents of Topeka with children from grades K-12 will find excellent educational accommodations through Topeka Public School Unified School District 501. Those in pursuit of a degree in higher education will find more than eight college and university campuses within the region as well as other schools in surrounding areas.
Lovers of the outdoors will be immediately drawn to the Lake Shawnee recreational area. This area contains a city-regulated swim beach that offers swimming lessons. Also available are a golf course, a campground and community parks with trails, tennis and sand volleyball courts, soccer and softball fields, and activity centers. A number of museums are also located within the city, including the Combat Air Museum, the Kansas Museum of History and the Mulvane Art Museum. Available real estate in Topeka includes single-family detached homes, condominiums, townhouses, estate properties and land lots.
Topeka Real Estate Market: Prices of Topeka Houses for Sale
Single-family homes dominate the real estate market in Topeka. Selection and price ranges for these homes are varied. The starting price is well below $100,000. Three-bedroom homes in the Sherwood Park area begin in the high $100,000s. Larger homes with four bedrooms can range anywhere on the scale depending on the area. Estate properties in Topeka start in the low $300,000s and may range up to $800,000 and more. These homes include fireplaces, swimming pools and spacious wooded lots with considerable acreage. The availability of townhouses and condominiums in the region is limited compared to that of single-family dwellings. A standard two-bedroom townhouse in Topeka can be purchased for less than $80,000 with prices ranging upward to $160,000s depending on locale.
Topeka Real Estate Stats and Trends for the week of April 14th, 2020: homes priced around $101,950 compared to $101,950 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.