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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



McPherson, KS Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

McPherson, KS Housing Market Trends

With 13,865 people, 5,903 houses or apartments, and a median cost of homes of $179,517, 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 72.08% 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 ( 10.22%), mobile homes or trailers ( 7.84%), and a few large apartment complexes or high rise apartments ( 6.36%).

The most prevalent building size and type in McPherson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.52% owning and 35.48% renting.

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 ( 19.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.15%). There's also some housing in McPherson built before 1939 ( 16.82%).

McPherson Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in McPherson, where house values have increased just 44.52%, which is annualized rate of 3.75%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, McPherson's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, McPherson's appreciation rate has been 1.79%, which annualizes to a rate of 7.37%.

Relative to Kansas, our data show that McPherson's latest annual appreciation rate is lower than 50% of the other cities and towns in Kansas.

Average Home Values

Median Home Value

$179,517

McPherson, KS Home Prices
> $1,248,000
$936,001 - $1,248,000
$624,001 - $936,000
$499,001 - $624,000
$374,001 - $499,000
$249,001 - $374,000
$125,001 - $249,000
$63,001 - $125,000
$0 - $63,000
0.0%
0.0%
0.4%
0.4%
3.3%
3.3%
2.4%
2.4%
5.5%
5.5%
30.7%
30.7%
41.0%
41.0%
8.7%
8.7%
8.0%
8.0%
0% 100.0%
% of Homes
Average

for Kansas

Low

for nation

Number of Homes And Apartments:

5,903

McPherson Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,394 / per month

Homeownership Rate

Owners
Renters
64.5%
64.5%
35.5%
35.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.7%
5.7%
94.3%
94.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.1%
18.1%
45.3%
45.3%
19.7%
19.7%
16.8%
16.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.1%
72.1%
3.5%
3.5%
10.2%
10.2%
6.4%
6.4%
7.8%
7.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
8.7%
8.7%
26.1%
26.1%
38.3%
38.3%
18.9%
18.9%
6.2%
6.2%
0% 100.0%
% of Homes

Popular Neighborhoods in McPherson

Popular Communities Near McPherson, KS

Zip Codes in McPherson, KS