1031 Exchange Topeka, Kansas

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Topeka due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Topeka, Kansas is a part of the Topeka, MS metropolitan area, and contains 31 zip codes, including: 66610, 66616, 66622, 66620, 66609, and 66607.

Topeka Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Topeka, KS metropolitan area was $704, which is 13.55% lower than 2014 average rent. This represents a compounded annual growth rate of 2.57%. 2019 vacancy in Topeka, KS was 3.20%.

The total population of the city of Topeka, KS has decreased 1.23% since 2010. As of 2018, the population was 125,904. The median household income of the Topeka was $46,890, which is 22.23% lower than the national average.

  • metropolitan area Topeka, MS
  • avg rent $704
  • rent growth 13.55%
  • vacancy 3.20%
  • median income $46,890
  • population (2018) 125,904
  • population growth -1.23%
  • vs. nat'l avg 22.23%
  • zip codes 66601 66603 66604 66605 66606 66607 66608 66609 66610 66611 66612 66614 66615 66616 66617 66618 66619 66620 66621 66622 66624 66625 66626 66629 66630 66636 66647 66667 66675 66683 66699

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities