McPherson, KS—67460
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McPherson, KS
As of Oct '25, the median home price in McPherson, KS is $214,000, with a year-over-year change of 3.1%. This indicates that home prices in McPherson, KS are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $214,000 | 3.1% |
| Single Family | $214,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | 1.4% |
3 Bed | $215,000 | 2.9% |
4 Bed | $287,000 | 4.0% |
| 5 Bed | $352,000 | 1.4% |
% of Housing Stock
Rental Trends — McPherson, KS
As of July '25, Rentcast reports the average rent in McPherson, KS is $1,160, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in McPherson, KS is 1-bedrooms: $848, 2-bedrooms: $1,110, 3-bedrooms: $1,360. The most common rental property sizes in McPherson, KS are 2-bedroom and 3-bedroom, accounting for 44.7% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $848 | $848 |
| 2 Bed Rent | $1,020 | $1,110 |
| 3 Bed Rent | $1,320 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McPherson, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in McPherson, KS is 76. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 3.0% |
Listing Count | 43 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 76 | 37.0% |
Demographics — McPherson, KS
As of the latest ACS Survey released in 2023, McPherson, KS has a population of 15,900, which has increased by 6.4% over the past 5 years. McPherson, KS is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | 6.4% |
% Under 18 | 20.5% | -12.4% |
% Seniors | 15.9% | -11.2% |
% WFH | 5.8% | 123.1% |
% w/ College Degree | 36.0% | 18.4% |
As of the latest ACS Survey released in 2023, McPherson, KS is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in McPherson, KS is hispanic, making up 6.3% of the population. Foreign-born residents account for 4.5% of the population in McPherson, KS, and this percentage has increased by 136.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.4% | -3.4% |
% Black | 2.1% | 75.0% |
% Hispanic | 6.3% | 37.0% |
% Asian | 1.3% | 44.4% |
% Foreign Born | 4.5% | 136.8% |
Mortgage and Risk — McPherson, KS
According to HUD data as of 2023, there were 190 mortgage originations in McPherson, KS, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in McPherson, KS. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — McPherson, KS
McPherson, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 202 |
Total Units Section 8 | 202 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$148 | $848 | $700 |
| 2 Bedroom | -$100 | $1,020 | $920 |
| 3 Bedroom | -$140 | $1,320 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — McPherson, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $214,000 |
| Median Household Income | $80,100 |