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City · 13,995 residents · McPherson County, Kansas

McPherson , Kansas

In McPherson, a typical home is worth $211,700 and typical rent is $925 a month. Compared with all of McPherson County, the share of households that own their home is 10 points lower.

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  • Typical home value

    $211,700

    About the same as the county

    3% below Kansas

    • McPherson
    • County
    • Kansas

  • Typical rent

    $925a month

    About the same as the county

    13% below Kansas

    • McPherson
    • County
    • Kansas

  • Typical household income

    $77,529a year

    About the same as the county

    4% above Kansas

    • McPherson
    • County
    • Kansas

  • Households that own their home

    65%

    10 points below the county

    2 points below Kansas

    • McPherson
    • County
    • Kansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$215,447
1.9% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

McPherson is in McPherson County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of McPherson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets McPherson apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Hutchinson, the typical home value is $125,000: 41% less than in McPherson ($211,700).

  2. 65% of households in McPherson own their home, against 75% in McPherson County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in McPherson

What homes there are in McPherson, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In McPherson, 7 in 10 homes are single-family detached houses; in McPherson County, 8.

Year built

By age, homes in McPherson look like those in McPherson County: the typical year built is 1977.

There are fewer big homes in McPherson than in McPherson County: 60% have 3 bedrooms or more, against 66%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for McPherson County is high ($541,287): at least 97% of owner-occupied homes in McPherson are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,552 a month

McPherson County: $1,553 a month

Without a mortgage

$650 a month

McPherson County: $642 a month

Owners with a mortgage

61%

McPherson County: 57%

In McPherson, 61% of owners have a mortgage; their typical cost is $1,552 a month, about the same as in McPherson County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in McPherson rose 47%; in McPherson County, it rose 39%.

The typical rent in McPherson rose 21% since 2015–2019, about the same as in McPherson County (23%).

To compare: typical income in McPherson rose 33%; the home, +47%; the rent, +21%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMcPhersonMcPherson CountyKansasUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.212.322.442.53
Drive alone 81%79%75%69%
Carpool 7%7%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike 7%6%3%3%
Work from home 5%7%12%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute under 10 minutes10 to 19 minutes10 to 19 minutes20 to 29 minutes

By size, households in McPherson look like those in McPherson County: 2.21 people on average.

To get to work, 81% of workers in McPherson drive alone; in McPherson County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in McPherson?

A typical home is tight for the typical income

We start with a typical home in McPherson, worth $211,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in McPherson, which is $77,529 a year. For that payment to be 28% of income, a household would need to earn about $79,257 a year.

The calculator's FHA and conventional loan limits are those of all of McPherson County.

Your numbers

Local data
$

Starts at the typical home value in McPherson. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,410 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,849

at 7.18% · 30 years

Loan amount
$207,865
Total interest
$299,069
Paid off in
November 2056

Includes $3,575 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,809 a month

  • Tight

    $1,809 to $2,326 a month

    Your payment · 29%

  • Hard

    more than $2,326 a month

Compared with the typical household income in McPherson ($77,529 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,849
Principal & interest$1,408
Property tax$259
Home insurance$88
FHA mortgage insurance (MIP)$94

You need at least $7,410 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

McPherson and McPherson County

McPherson is in McPherson County, Kansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

McPherson's own numbers

Typical home value
$211,700
Typical monthly rent
$925
Typical yearly household income
$77,529
Households that own their home
65%
Effective property tax rate
1.47%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of McPherson County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,029
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
6.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of McPherson County.

Everything about McPherson County

Buying

Buying a home in McPherson

A typical home in McPherson is worth $211,700: about the same as the county and 3% below Kansas. With the typical household income in McPherson ($77,529 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • McPherson 2.7 years
  • County 2.7 years
  • Kansas 2.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in McPherson County

According to FHFA’s house price index, home prices in McPherson County rose 54% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of McPherson County.

Period County Kansas U.S.
Last year (2025) +5.9% +4.1% +2.9%
5 years (2020–2025) +36% +49% +47%
10 years (2015–2025) +54% +84% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

McPherson next to McPherson County, Kansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • McPherson $211,700
  • County $211,200
  • Kansas $217,200
  • United States $332,700
Typical monthly rent
  • McPherson $925
  • County $916
  • Kansas $1,060
  • United States $1,413
Typical yearly household income
  • McPherson $77,529
  • County $78,851
  • Kansas $74,275
  • United States $80,734
See the full table
McPherson next to McPherson County and Kansas
Measure McPherson McPherson County Kansas U.S.
Typical home value $211,700 $211,200 $217,200 $332,700
Typical monthly rent $925 $916 $1,060 $1,413
Typical yearly household income $77,529 $78,851 $74,275 $80,734
Households that own their home 65% 75% 67% 65%
Typical yearly property tax $3,115 $2,901 $2,798 $3,119
Effective property tax rate 1.47% 1.37% 1.29% 0.94%
Renters with high rent for their income 38% 41% 43% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below McPherson County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in McPherson

For a typical $211,700 home in McPherson, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, McPherson's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,849a month

    Least cash to close
    Down payment
    $7,410
    Cash to close
    $13,761
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $94

  • Conventional, 5% down $1,811a month

    Down payment
    $10,585
    Cash to close
    $16,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $101

  • Conventional, 20% down, no PMI $1,495a month

    Down payment
    $42,340
    Cash to close
    $48,691
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,691a month

    Down payment
    $31,755
    Cash to close
    $38,106
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for McPherson and for McPherson County.

Property tax

Effective rate in McPherson

1.47%of the home’s value each year

$3,115 a year for the typical owner in McPherson.

  • McPherson 1.47%
  • County 1.37%
  • Kansas 1.29%

What Kansas publishes Residential exemption from the statewide school levy (Kansas Office of Revisor of Statutes (Kansas Statutes Annotated))

Exemptions and deadlines in Kansas

Flood risk in McPherson County

FEMA does not publish these numbers by city: they are for all of McPherson County.

Homes in the high-risk zone
6.8%
886
Of those, with NFIP insurance
7.8%
County Kansas U.S.
Homes in the high-risk zone 6.8% 2% 3.5%
Of those, with NFIP insurance 7.8% 15% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in McPherson

Typical rent in McPherson is $925 a month: about the same as the county. In McPherson, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of McPherson County, by unit size. To pay the 2-bedroom one ($1,029 a month) without spending more than 30% of your income, you would need to earn $19.79 an hour working full time.

HUD fair market rent for all of McPherson County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $757 $14.56 $30,280
1 bedroom $787 $15.13 $31,480
2 bedrooms $1,029 $19.79 $41,160
3 bedrooms $1,317 $25.33 $52,680
4 bedrooms $1,453 $27.94 $58,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in McPherson

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). McPherson is in ZIP code 67460.

For 2 bedrooms it is $1,050: $21 more than the fair market rent for McPherson County ($1,029).

  • 67460 $1,050$1,340

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for McPherson when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in McPherson

HUD lists 6 buildings with rents for lower incomes in McPherson. These are the largest.

  • Northgate Manor 1442 Garden Ln, McPherson 67460 60 low-income homes · For older adults (620) 241-5555
  • Edinburgh Manor 120 Oak Park Dr, McPherson 67460 35 homes, 34 low-income · For older adults (620) 241-1258
  • Northview Village 501 E Northview Ave, McPherson 67460 14 homes, 10 low-income · In service since 2001
  • Chestnut Place 1008 S Chestnut St, McPherson 67460 8 low-income homes · In service since 2016 · For families
  • Genesis Homes 900 Clubhouse Dr, McPherson 67460 16 homes · In service since 2011

See all 12 buildings in McPherson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in McPherson

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in McPherson County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in McPherson

No down payment, repair or rent-help program on our list is for McPherson or McPherson County. The ones below are statewide in Kansas: they work in McPherson the same as in the rest of the state.

Which programs do I qualify for? All programs in Kansas

  • First Time Homebuyer Program

    Statewide in Kansas

    Kansas state corporation 0% loan for 15% or 20% of the price for the down payment and closing costs, forgiven after 10 years in the home, for households with income up to 80% of the area median; not available in Johnson County or in Kansas City, Lawrence, Topeka and Wichita. Offered by Kansas Housing Resources Corporation (KHRC).

    Forgivable

    See the program Official page

Housing counselors near McPherson

The HUD-approved agencies closest to the center of McPherson, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Cambridge Credit Counseling Corporation - Wichita Branch

    727 N Waco Ave, Wichita · 50 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (800) 757-1788

  • Catholic Charities of Southwest Kansas

    804 N 2nd Ave, Dodge City · 135 miles away · Spanish

    Also serves in Creole, French, and Swahili.

    • Budget and financial counseling
    • Home improvement and repairs
    • and 4 more
    (620) 227-1562

  • Community Housing of Wyandotte County, Inc.

    2 S 14th St, Kansas City · 170 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
    (913) 342-7580

All counseling agencies in Kansas

Help in Spanish near McPherson

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of McPherson

In HUD’s record, no housing authority with an office in McPherson County is named for McPherson or McPherson County.

2 other authorities have an office in McPherson County: see the list Source: HUD

Cities

Nearby cities

The cities closest to McPherson, with the typical home value.

Everything about McPherson County Housing in Kansas

Neighboring counties

If McPherson County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in McPherson.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about McPherson

Short answers with the numbers for McPherson and all of McPherson County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in McPherson?

The typical home value in McPherson is $211,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in McPherson County it is $211,200.

How much does it cost to rent in McPherson?

Typical rent in McPherson is $925 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in McPherson County is $1,029.

What is the FHA loan limit in McPherson?

McPherson uses the FHA limit for all of McPherson County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in McPherson?

The typical homeowner in McPherson pays $3,115 a year, according to the U.S. Census Bureau. That is 1.47% of the home’s value; in McPherson County, the rate is 1.37%.

Where can I find free help to buy or rent in McPherson?

We found no HUD-approved counseling agencies with an office in McPherson County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).