Topeka Hits Top 20 Housing Affordability Market List
The National Association of REALTORS® recently released its the top 20 hottest housing markets in the United States, ranking Topeka, Kan. as seventh within the “affordability ‘sweet spot.’” The median list price among the top 20 hottest markets is $311,000, which is about 18% below the national median of $380,000, according to realtor.com®.
“This ranking is another exciting reminder that Topeka remains an incredible value for potential home buyers,” Amanda Lewis, owner and president of Coldwell Banker American Home, and Choose Topeka sponsor, said. “With prices rising in our community, Topeka remains strategically priced to offer real value for buyers and still provide incredible equity for sellers.”
“It’s very exciting to see Topeka ranked by #7 on realtor.com’s ‘Affordability list,’ but I have to say it’s not surprising,” Linda Briden, CEO of Sunflower Association of Realtors, said. “The Topeka housing market has always offered buyers more house for their money. Now even as home values continue to rise across the country, Topeka is still a very affordable market and a great place to live and work.”
According to realtor.com®, “The markets garnering the most buyer interest are in the affordability ‘sweet spot,’ says George Ratiu, realtor.com®’s senior economist. ‘They’re mid-sized cities that are more affordable yet still close to bigger urban areas with lots of jobs. These markets offer a lot more space, with larger homes on bigger lots, which are much better suited to today’s buyers.’”
