Español

Este sitio también está en español. Leer en español

City · 9,425 residents · Labette County, Kansas

Parsons , Kansas

In Parsons, a typical home is worth $71,700 and typical rent is $774 a month. Compared with all of Labette County, the typical home value is 24% lower, typical household income is 7% lower, and the share of households that own their home is 5 points lower.

WhatsApp

  • Typical home value

    $71,700

    24% below the county

    67% below Kansas

    • Parsons
    • Labette
    • Kansas

  • Typical rent

    $774a month

    4% above the county

    27% below Kansas

    • Parsons
    • Labette
    • Kansas

  • Typical household income

    $52,428a year

    7% below the county

    29% below Kansas

    • Parsons
    • Labette
    • Kansas

  • Households that own their home

    69%

    5 points below the county

    2 points above Kansas

    • Parsons
    • Labette
    • Kansas

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

Market now, with Zillow data

Zillow data
Typical home value
$78,136
1.4% less than 12 months ago

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

Parsons is in Labette 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 Labette County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Parsons apart

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

  1. Parsons has the 2nd lowest typical home value of the 64 cities in Kansas with more than 5,000 people ($71,700).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Parsons fell 1.4%; in Kansas, it rose 3.5%.

  3. Nearby, in Coffeyville, the typical home value is $60,800: 15% less than in Parsons ($71,700).

  4. 69% of households in Parsons own their home, against 74% in Labette County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Parsons

What homes there are in Parsons, 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

The detached house is the most common home in Parsons: 80% of homes, near the figure in Labette County (81%).

Year built

Homes in Parsons are older: the typical year built is 1953; in Labette County, 1958.

There are fewer big homes in Parsons than in Labette County: 51% have 3 bedrooms or more, against 60%.

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
Monthly rent with utilities

With a mortgage

$1,187 a month

Labette County: $1,372 a month

Without a mortgage

$431 a month

Labette County: $476 a month

Owners with a mortgage

42%

Labette County: 42%

The typical cost for an owner with a mortgage in Parsons is $1,187 a month, less than in Labette County ($1,372); without one, $431.

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 Parsons did not change clearly: the difference is within the Census margin of error.

The typical rent in Parsons rose 19% since 2015–2019, about the same as in Labette County (18%).

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

MeasureParsonsLabette CountyKansasUnited States
Rental vacancy 15.0%10.5%6.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.3%2.1%3.4%
People per household 2.302.372.442.53
Drive alone 72%76%75%69%
Carpool 19%14%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate3%3%3%
Work from home Unreliable estimate7%12%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

There is more rental housing open in Parsons: 15.0% is empty and offered for rent, against 10.5% in Labette County.

By size, households in Parsons look like those in Labette County: 2.30 people on average.

Carpooling is common in Parsons: 19% of workers get to work that way, against 14% in Labette County.

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 Parsons?

A typical home is within reach of the typical income

We start with a typical home in Parsons, worth $71,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 15% of the typical household income in Parsons, which is $52,428 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Parsons. 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 $2,510 (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

$649

at 7.18% · 30 years

Loan amount
$70,401
Total interest
$101,290
Paid off in
November 2056

Includes $1,211 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,223 a month

    Your payment · 15%

  • Tight

    $1,223 to $1,573 a month

  • Hard

    more than $1,573 a month

Compared with the typical household income in Parsons ($52,428 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$649
Principal & interest$477
Property tax$111
Home insurance$30
FHA mortgage insurance (MIP)$32

You need at least $2,510 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

Parsons and Labette County

Parsons is in Labette 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).

Parsons's own numbers

Typical home value
$71,700
Typical monthly rent
$774
Typical yearly household income
$52,428
Households that own their home
69%
Effective property tax rate
1.85%

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

Numbers for all of Labette County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$961
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
6.2%

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 Labette County.

Everything about Labette County

Buying

Buying a home in Parsons

A typical home in Parsons is worth $71,700: 24% below the county and 67% below Kansas. With the typical household income in Parsons ($52,428 a year), a typical home costs 1.4 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.

  • Parsons 1.4 years
  • Labette 1.7 years
  • Kansas 2.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Labette County

According to FHFA’s house price index, home prices in Labette County rose 50% in the 10 years through 2025.

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

Period County Kansas U.S.
Last year (2025) −0.5% +4.1% +2.9%
5 years (2020–2025) +40% +49% +47%
10 years (2015–2025) +50% +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

Parsons next to Labette 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
  • Parsons $71,700
  • Labette $94,600
  • Kansas $217,200
  • United States $332,700
Typical monthly rent
  • Parsons $774
  • Labette $746
  • Kansas $1,060
  • United States $1,413
Typical yearly household income
  • Parsons $52,428
  • Labette $56,325
  • Kansas $74,275
  • United States $80,734
See the full table
Parsons next to Labette County and Kansas
Measure Parsons Labette County Kansas U.S.
Typical home value $71,700 $94,600 $217,200 $332,700
Typical monthly rent $774 $746 $1,060 $1,413
Typical yearly household income $52,428 $56,325 $74,275 $80,734
Households that own their home 69% 74% 67% 65%
Typical yearly property tax $1,327 $1,559 $2,798 $3,119
Effective property tax rate 1.85% 1.65% 1.29% 0.94%
Renters with high rent for their income 40% 39% 43% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Labette 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 Parsons

For a typical $71,700 home in Parsons, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Parsons's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $649a month

    Least cash to close
    Down payment
    $2,510
    Cash to close
    $4,661
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $32

  • Conventional, 5% down $636a month

    Down payment
    $3,585
    Cash to close
    $5,736
    Rate
    7.18%
    Mortgage insurance
    PMI · $34

  • Conventional, 20% down, no PMI $529a month

    Down payment
    $14,340
    Cash to close
    $16,491
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $595a month

    Down payment
    $10,755
    Cash to close
    $12,906
    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 Parsons and for Labette County.

Property tax

Effective rate in Parsons

1.85%of the home’s value each year

$1,327 a year for the typical owner in Parsons.

  • Parsons 1.85%
  • Labette 1.65%
  • 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 Labette County

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

Homes in the high-risk zone
6.2%
648
Of those, with NFIP insurance
10%
County Kansas U.S.
Homes in the high-risk zone 6.2% 2% 3.5%
Of those, with NFIP insurance 10% 15% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Parsons

Typical rent in Parsons is $774 a month: 4% above the county. In Parsons, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Labette County, by unit size. To pay the 2-bedroom one ($961 a month) without spending more than 30% of your income, you would need to earn $18.48 an hour working full time.

HUD fair market rent for all of Labette 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 $669 $12.87 $26,760
1 bedroom $735 $14.13 $29,400
2 bedrooms $961 $18.48 $38,440
3 bedrooms $1,145 $22.02 $45,800
4 bedrooms $1,318 $25.35 $52,720

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 Parsons

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Parsons is in ZIP code 67357.

For 2 bedrooms it is $970: $9 more than the fair market rent for Labette County ($961).

  • 67357 $970$1,160

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Parsons 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 Parsons

HUD lists 10 buildings with rents for lower incomes in Parsons. These are the largest.

  • Crown Homes of Parsons 1900 Belmont Ave, Parsons 67357 130 homes, 119 low-income · 3 bd: 12 · In service since 2005 · Run by Parsons Housing Authority · Average payment: $382 a month · Average wait: 23 months (620) 421-7040
  • Mendota Creek Apts 1442 S 25th St, Parsons 67357 100 low-income homes · For families (620) 717-4145
  • Osage Trail 15131 S 25th ST, Parsons 67357 100 low-income homes · 1 bd: 16 · 2 bd: 40 · 3 bd: 44 · In service since 2008
  • Savannah Park of Parsons 224 Reinhart Dr, Parsons 67357 48 low-income homes · 1 bd: 40 · 2 bd: 8 · In service since 1992
  • Plaza Place 2000 Katy Dr, Parsons 67357 46 low-income homes · For older adults (620) 421-6366

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

Free help

Help to buy or rent in Parsons

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 Labette County. The nearest ones are below; many serve by phone or online.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Parsons

No down payment, repair or rent-help program on our list is for Parsons or Labette County. The ones below are statewide in Kansas: they work in Parsons 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 Parsons

The HUD-approved agencies closest to the center of Parsons, 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 · 117 miles away

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

  • Community Housing of Wyandotte County, Inc.

    2 S 14th St, Kansas City · 127 miles away · Spanish

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

  • Catholic Charities of Southwest Kansas

    804 N 2nd Ave, Dodge City · 262 miles away · Spanish

    Also serves in Creole, French, and Swahili.

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

All counseling agencies in Kansas

Help in Spanish near Parsons

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 Parsons

HUD’s record names them for Parsons or Labette County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Kansas Source: HUD

Cities

Nearby cities

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

Everything about Labette County Housing in Kansas

Neighboring counties

If Labette 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 Parsons.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Parsons

Short answers with the numbers for Parsons and all of Labette 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 Parsons?

The typical home value in Parsons is $71,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Labette County it is $94,600.

How much does it cost to rent in Parsons?

Typical rent in Parsons is $774 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Labette County is $961.

What is the FHA loan limit in Parsons?

Parsons uses the FHA limit for all of Labette 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 Parsons?

The typical homeowner in Parsons pays $1,327 a year, according to the U.S. Census Bureau. That is 1.85% of the home’s value; in Labette County, the rate is 1.65%.

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

We found no HUD-approved counseling agencies with an office in Labette 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).