McPherson, KS home prices
Typical home $220,548 · +2.3% in a year · income needed $66,400
The McPherson, KS metro area ranks 569 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.3% in a year and +21.4% over five years. With 20% down at 7.11%, the typical home costs about $1,550 a month including 1.37% property tax (McPherson County rate).
Mortgage on the typical McPherson home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,110 | $176,439 | $1,187 | $0 | $363 | $1,550 | $66,400 |
| 10% down | $22,055 | $198,493 | $1,335 | $83 | $363 | $1,781 | $76,300 |
| 5% down | $11,027 | $209,521 | $1,409 | $87 | $363 | $1,859 | $79,700 |
| 3.5% down (FHA) | $7,719 | $216,553 | $1,457 | $98 | $363 | $1,917 | $82,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the McPherson area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| McPherson County, KS | $220,505 | +2.3% | 1.37% |
What can you afford in Kansas on your salary? · Kansas home prices · Salaries in Kansas
Frequently asked questions
How much is a house in McPherson?
The typical home in the McPherson, KS metro area is worth $220,548 (Zillow, September 2026).
What salary do you need to buy a house in McPherson?
About $66,400 a year for the typical home with 20% down at 7.11%.