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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Topeka offers attractive short-term rental potential, with a balance of healthy demand and revenue relative to property values.
Topeka's short-term rental market offers investors an affordable entry point in the Kansas capital, where average home values sit around $314,466 and active listings generate roughly $17,144 in annual revenue. With just 66 active Airbnb listings and a 90% year-over-year growth rate in supply, the market is still maturing — creating early-mover advantages for investors who position well. An average daily rate of $123 comes in below the $174 Kansas state average, but occupancy at 32% slightly edges out the statewide 30%, suggesting steady local demand at competitive price points.
According to Rabbu market data, the Topeka short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 66 |
| Average Daily Rate (ADR) | vs. $174 state avg. | $123 |
| Average Occupancy Rate | vs. 30% state avg. | 32% |
| RevPAN | ADR * Occupancy Rate | $38 |
| Average Monthly Revenue | Historical 12-month average | $1,428 |
| Average Annual Revenue | Historical 12-month average | $17,144 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.
Topeka appeals to investors seeking affordable acquisition costs paired with reasonable revenue-to-price ratios in a growing but still small-scale market.
Key investment factors
"Topeka presents a moderate opportunity for STR investors — the ROI score of 58 out of 100 reflects a market where revenue potential and property affordability are reasonably well-matched, though occupancy and supply/demand dynamics temper the upside. Seasonality plays a notable role: revenue dips sharply in February ($827) before climbing through spring and peaking in December ($1,807), so cash-flow planning should account for a roughly 2x swing between the weakest and strongest months. Larger properties deliver outsized returns, with 4- and 5-bedroom listings earning $29,733 and $38,589 annually, respectively — well above the market average. For investors willing to target the right property size and manage through quieter winter months, Topeka offers a viable if not spectacular path to returns."
— Rabbu Market Analysis Team
Topeka's revenue cycle shows a distinct late-year peak, with December leading at $1,807 and November close behind at $1,763, while February represents the clear low point at just $827. The roughly 2.2x spread between peak and trough months signals meaningful seasonality that investors should plan around when forecasting cash flow.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$1,019 |
| February |
|
$827 |
| March |
|
$1,285 |
| April |
|
$1,349 |
| May |
|
$1,655 |
| June |
|
$1,533 |
| July |
|
$1,562 |
| August |
|
$1,363 |
| September |
|
$1,281 |
| October |
|
$1,695 |
| November |
|
$1,763 |
| December |
|
$1,807 |
Supply is relatively balanced across property sizes, with 2-bedroom listings leading at 20 units and 1- and 3-bedroom properties tied at 17 each. Larger properties (4- and 5-bedroom) are less represented with just 7 and 5 listings respectively, which could signal reduced competition and opportunity for investors targeting group-friendly accommodations.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
17 |
| 2 bedrooms |
|
20 |
| 3 bedrooms |
|
17 |
| 4 bedrooms |
|
7 |
| 5 bedrooms |
|
5 |
ADR scales sharply with bedroom count in Topeka, jumping from $81 for 1-bedroom units to $298 for 5-bedroom properties — nearly a 3.7x premium. The steepest rate jump occurs between 4 bedrooms ($160) and 5 bedrooms ($298), suggesting strong pricing power for the largest homes in a market with limited large-property supply.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$81 |
| 2 bedrooms |
|
$95 |
| 3 bedrooms |
|
$131 |
| 4 bedrooms |
|
$160 |
| 5 bedrooms |
|
$298 |
Revenue per available night climbs steadily with property size, from $24 for 1-bedroom units to $53 for 5-bedroom homes. Interestingly, 2- and 3-bedroom listings deliver identical RevPAN at $37, so investors choosing between these sizes should weigh acquisition and operating costs rather than expecting a revenue differential.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$24 |
| 2 bedrooms |
|
$37 |
| 3 bedrooms |
|
$37 |
| 4 bedrooms |
|
$48 |
| 5 bedrooms |
|
$53 |
Two-bedroom properties stand out with the highest occupancy at 40%, well above the market average of 32% and nearly double the 18% rate seen in 5-bedroom homes. This suggests 2-bedroom units offer the most consistent booking activity, making them appealing for investors prioritizing steady cash flow over higher per-booking revenue.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
30% |
| 2 bedrooms |
|
40% |
| 3 bedrooms |
|
29% |
| 4 bedrooms |
|
30% |
| 5 bedrooms |
|
18% |
Monthly revenue ranges from $882 for 1-bedroom units to $3,215 for 5-bedroom properties, with each step up in size adding meaningful income. The jump from 3 bedrooms ($1,670) to 4 bedrooms ($2,477) represents an $807 monthly increase — the largest absolute gain between consecutive sizes — highlighting the revenue advantage of mid-to-large properties.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$882 |
| 2 bedrooms |
|
$1,275 |
| 3 bedrooms |
|
$1,670 |
| 4 bedrooms |
|
$2,477 |
| 5 bedrooms |
|
$3,215 |
Five-bedroom properties lead with $38,589 in average annual revenue, more than 3.6 times the $10,590 earned by 1-bedroom units. For investors focused on maximizing total return potential, the 4-bedroom ($29,733) and 5-bedroom configurations offer the strongest annual income, though acquisition costs and lower occupancy rates for larger homes should be factored into the analysis.
| Size | Trend | Value |
|---|---|---|
| 1 bedroom |
|
$10,590 |
| 2 bedrooms |
|
$15,300 |
| 3 bedrooms |
|
$20,041 |
| 4 bedrooms |
|
$29,733 |
| 5 bedrooms |
|
$38,589 |
Kitchens (99%), washers (94%), dryers (94%), and parking (91%) are near-universal in Topeka's listings, establishing a high baseline for guest expectations. Differentiators like pet-friendliness (52%), BBQ grills (47%), and outdoor spaces may help listings stand out, while premium amenities like pools (3%) and EV chargers (5%) remain rare — potentially offering a competitive edge for hosts who include them.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
99% |
| Dryer |
|
94% |
| Washer |
|
94% |
| Parking |
|
91% |
| Self Check-in |
|
88% |
| Backyard |
|
80% |
| Workspace |
|
79% |
| Patio or Balcony |
|
67% |
| Outdoor Furniture |
|
56% |
| Pets |
|
52% |
| BBQ Grill |
|
47% |
| EV Charger |
|
5% |
| Gym |
|
5% |
| Pool |
|
3% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Topeka Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Above average | 15% |
| Supply/Demand Balance | Below average | 15% |
Topeka's ROI score of 58 out of 100 places it in the 'Attractive Opportunity' band, reflecting a market where revenue relative to property prices is average and occupancy stability holds steady but unspectacular. The above-average market growth trend is a bright spot, though the below-average supply/demand balance — likely driven by the 90% surge in new listings — warrants attention as competition intensifies. Investors should pair this score with local regulatory research and property-level underwriting to validate whether specific deals pencil out.
Understanding local STR regulations is essential before investing in Topeka. Here's the current regulatory landscape:
Short-term rental operators in Topeka, Kansas may be required to obtain business licenses or permits before listing a property. Investors should verify current requirements directly with the City of Topeka's planning or licensing departments, as regulations in smaller Kansas markets can evolve as STR activity grows.
Common restrictions that may apply include occupancy limits, minimum stay requirements, noise ordinances, and parking provisions. HOA covenants can also impose additional limitations on short-term rental use, so investors should review any applicable homeowner association rules before purchasing. Permit caps and zoning designations are additional areas worth confirming with local officials.
Hosts in Kansas are generally subject to state and local sales taxes, as well as any applicable transient guest or occupancy taxes. Platforms like Airbnb often collect and remit certain taxes on behalf of hosts, but operators should confirm their full tax obligations with the Kansas Department of Revenue to ensure compliance.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Topeka can provide current regulatory guidance.
Financing an Airbnb investment in Topeka requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Topeka's STR market is expected to continue expanding as supply catches up to what appears to be above-average market growth momentum. Seasonal data suggests revenue could strengthen in the Q4 and late-year months, with December historically reaching $1,807 per listing — roughly double the February low of $827. Investors should anticipate occupancy hovering in the 30–35% range market-wide, with ADR potentially ticking up 2–4% as the market matures and hosts optimize pricing strategies. The rapid supply growth (90% YoY) does warrant monitoring, as the supply/demand balance currently rates below average."
— Rabbu Market Analysis Team
Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing historical performance and market conditions that may shift due to regulatory changes, economic factors, or seasonal variation. Individual property results will vary based on location, quality, pricing strategy, and management approach.
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