Parsons, KS—67357
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parsons, KS
As of Oct '25, the median home price in Parsons, KS is $77,000, with a year-over-year change of -4.8%. This indicates that home prices in Parsons, KS are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $77,000 | -4.8% |
| Single Family | $79,000 | -6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $29,000 | -6.5% |
2 Bed | $47,000 | -6.0% |
3 Bed | $102,000 | -2.9% |
4 Bed | $139,000 | 0.7% |
| 5 Bed | $179,000 | 0.0% |
% of Housing Stock
Rental Trends — Parsons, KS
As of July '25, Rentcast reports the average rent in Parsons, KS is $683, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Parsons, KS is 1-bedrooms: $420, 2-bedrooms: $755, 4-bedrooms: $850. The most common rental property sizes in Parsons, KS are 2-bedroom and 3-bedroom, accounting for 40.5% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $683 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $395 | $420 |
| 2 Bed Rent | $750 | $755 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $850 | $850 |
% of Rental Stock
Property Listings — Parsons, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Parsons, KS is 36. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $100,000 | -27.0% |
Listing Count | 50 | -20.0% |
| Listings as % of Homes | 0.6% | -20.0% |
Days on Market | 36 | -8.0% |
Demographics — Parsons, KS
As of the latest ACS Survey released in 2023, Parsons, KS has a population of 11,800, which has decreased by -1.1% over the past 5 years. Parsons, KS is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | -1.1% |
% Under 18 | 22.2% | -6.3% |
% Seniors | 20.1% | 15.5% |
% WFH | 5.3% | 71.0% |
% w/ College Degree | 23.8% | 26.6% |
As of the latest ACS Survey released in 2023, Parsons, KS is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Parsons, KS is hispanic, making up 6.8% of the population. Foreign-born residents account for 0.4% of the population in Parsons, KS, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.0% | -2.8% |
% Black | 5.1% | -26.1% |
% Hispanic | 6.8% | 21.4% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 0.4% | -50.0% |
Mortgage and Risk — Parsons, KS
According to HUD data as of 2023, there were 104 mortgage originations in Parsons, KS, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Parsons, KS. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 104 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Parsons, KS
Parsons, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 321 |
Total Units Section 8 | 201 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $295 | $395 | $690 |
| 2 Bedroom | $150 | $750 | $900 |
| 3 Bedroom | N/A | N/A | $1,100 |
| 4 Bedroom | $450 | $850 | $1,300 |
Affordability — Parsons, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $77,000 |
| Median Household Income | $55,800 |