McPherson, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating McPherson Neighborhoods Since 2000




McPherson, KS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

McPherson Housing Market Information

With a population of 13,144, 5,641 total housing units (homes and apartments), and a median house value of $134,189, house prices in McPherson are solidly below the national average.

Single-family detached homes are the single most common housing type in McPherson, accounting for 70.29% of the city's housing units. Other types of housing that are prevalent in McPherson include duplexes, homes converted to apartments or other small apartment buildings ( 9.54%), large apartment complexes or high rise apartments ( 8.75%), and a few mobile homes or trailers ( 7.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McPherson. Owner-occupied housing accounts for 68.74% of McPherson's homes, and 54.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in McPherson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in McPherson built between 1940-1969 ( 31.14%). A lesser amount of the housing stock also hails from before 1939 ( 18.16%). There's also some housing in McPherson built between 2000 and later ( 10.48%).

McPherson Home Appreciation Rates

In the last 10 years, McPherson has experienced some of the highest home appreciation rates of any community in the nation. McPherson real estate appreciated 19.47% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting McPherson in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, McPherson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, McPherson appreciation rates have trailed the rest of the nation. In the last twelve months, McPherson's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McPherson were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that McPherson's latest annual appreciation rate is lower than 70% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$134,189

McPherson, KS HOME PRICES

Value Range
> $1,113,000 0.1
$835,001 - $1,113,000 0.3
$557,001 - $835,000 0.0
$445,001 - $557,000 0.7
$334,001 - $445,000 5.0
$223,001 - $334,000 12.0
$111,001 - $223,000 49.9
$56,001 - $111,000 23.6
$0 - $56,000 8.3

High for KS
Average for Nation

Value Relative to Nation Value Relative to State
57.54131020743 30.8510638297872

Number Of Homes And Apartments:
5,641

McPherson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
47.33% 2.27% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,021 / per month

Homeownership Rate

Homeownership
Owners 68.74
Renters 31.26
Vacant 5.30

Housing Market Details

 

Age of Homes

AGE OF McPherson HOMES
2000 or Newer 10.5
1970 - 1999 40.2
1940 - 1969 31.1
1939 or Older 18.2

Types of Homes

TYPE OF McPherson HOMES
Single-Family 70.3
Townhomes 4.3
Small Apt. Buildings 9.5
Apt. Complexes 8.7
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF McPherson HOMES
No Bedroom 1.01
1 Bedroom 8.65
2 Bedrooms 29.51
3 Bedrooms 35.30
4 Bedrooms 19.39
5 or more bedrooms 6.14

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Zip Codes in McPherson, KS