Parsons, KS home prices
Typical home $96,217 · +2.0% in a year · income needed $29,900
The Parsons, KS metro area ranks 887 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.0% in a year and +15.5% over five years. With 20% down at 7.11%, the typical home costs about $698 a month including 1.65% property tax (Labette County rate).
Mortgage on the typical Parsons home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $19,243 | $76,974 | $518 | $0 | $180 | $698 | $29,900 |
| 10% down | $9,622 | $86,595 | $583 | $36 | $180 | $799 | $34,200 |
| 5% down | $4,811 | $91,406 | $615 | $38 | $180 | $833 | $35,700 |
| 3.5% down (FHA) | $3,368 | $94,474 | $636 | $43 | $180 | $858 | $36,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.65% 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 Parsons area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Labette County, KS | $96,287 | +2.0% | 1.65% |
What can you afford in Kansas on your salary? · Kansas home prices · Salaries in Kansas
Frequently asked questions
How much is a house in Parsons?
The typical home in the Parsons, KS metro area is worth $96,217 (Zillow, September 2026).
What salary do you need to buy a house in Parsons?
About $29,900 a year for the typical home with 20% down at 7.11%.