Mortgage Rates in Topeka, Kansas — March 2026
Updated March 2026 | Based on Topeka market data and regional lending conditions
Topeka is a growing city in Kansas with a population of 127,473. The current 30-year fixed mortgage rate in Topeka is 6.74%, which is 0.09% above the national average. With a median home price of $145,000 and a 20% down payment of $29,000, homebuyers can expect a monthly principal and interest payment of approximately $752.
Current Mortgage Rates in Topeka, KS
Below are the current average mortgage rates available in the Topeka area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.34% | 6.25% | +0.09% |
| VA | 6.14% | 6.05% | +0.09% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Topeka Housing Market Overview
The Topeka housing market offers relatively affordable housing compared to many major cities. The median household income in Topeka is $46,250, and the cost of living index is 83.5 (national average = 100). Based on the 28% affordability rule, the median income in Topeka is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Topeka
Based on the median home price of $145,000 with 20% down ($29,000), here is what you can expect to pay monthly in Topeka:
15-Year vs. 30-Year Mortgage in Topeka
Choosing a 15-year mortgage in Topeka at 5.98% instead of a 30-year at 6.74% would save you $94,680 in total interest over the life of the loan. However, your monthly payment would be $978 instead of $752 — an increase of $226 per month.
Calculate Your Topeka Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Topeka
What are the current mortgage rates in Topeka, KS?
As of March 2026, the average 30-year fixed mortgage rate in Topeka, Kansas is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.34% and VA loans 6.14%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Topeka?
Based on the median home price of $145,000 with 20% down, the estimated monthly mortgage payment in Topeka is $752 for principal and interest. Including property taxes of $170/month, the total monthly housing cost is approximately $922.
What income do I need to buy a home in Topeka?
Using the 28% rule, you would need an annual income of approximately $39,514 to afford the median-priced home in Topeka at $145,000. The median household income in Topeka is $46,250. The median income is currently sufficient to meet this threshold.
Is Topeka a good place to buy a home in 2026?
Topeka offers a below-average cost of living with a cost of living index of 83.5 (national average = 100). The property tax rate in Kansas is 1.41%, which is near the national average. Topeka has a population of 127,473 and offers a very affordable lifestyle.
Mortgage Rates in Other Kansas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Topeka, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.