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Parsons

Learn about the people, housing, costs and businesses in Parsons, Kansas

Median Home$84,448
Median Rent$784/month
Population9,649
Leading IndustriesPublic Administration · Professional Services37% public administration
Home Value Growth⬆⬆⬆+29.7% over 2 years
Retirees21% of residentsnear the national average
Homeowners71% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableAffordable Market$84k median home · lower cost than 96% of the country
Parsons
KS

Frequently Asked Questions

What are today's mortgage rates in Parsons?

As of today, the 30-year fixed mortgage rate for Parsons is approximately 7.254% (7.303% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Parsons?

The median home value in Parsons is $84k. The median monthly rent is $784. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parsons?

Home values in Parsons have increased 29.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Parsons?

Based on a typical all-in ownership cost of $746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parsons is $58k/year.

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What industries drive the economy in Parsons?

The largest employment sectors in Parsons are public administration (37%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.