Parsons, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Parsons, 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

Parsons Housing Market Information

With 10,090 people, 4,148 houses or apartments, and a median cost of homes of $90,783, house prices in Parsons are solidly below the national average.

Single-family detached homes are the single most common housing type in Parsons, accounting for 81.86% of the city's housing units. Other types of housing that are prevalent in Parsons include large apartment complexes or high rise apartments ( 7.72%), duplexes, homes converted to apartments or other small apartment buildings ( 6.47%), and a few mobile homes or trailers ( 2.72%).

The most prevalent building size and type in Parsons are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.72% owning and 43.28% renting.

The housing in Parsons was primarily built before 1939 ( 35.81%), making the housing stock in Parsons some of the oldest overall in America, although there is a range of ages of homes in Parsons. The next most important housing age is between 1940-1969 ( 33.90%), followed by between 1970-1999 ( 26.18%). There's also some housing in Parsons built between 2000 and later ( 4.11%).

Vacant housing appears to be an issue in Parsons. Fully 17.67% of the housing stock is classified as vacant. Left unchecked, vacant Parsons homes and apartments can be a drag on the real estate market, holding Parsons real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Parsons Home Appreciation Rates

Appreciation rates for homes in Parsons have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.84%, which ranks in the top 40% nationwide. This equates to an annual average Parsons house appreciation rate of 0.76%.

Over the last year, Parsons appreciation rates have trailed the rest of the nation. In the last twelve months, Parsons's appreciation rate has been 0.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Parsons were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that Parsons's latest annual appreciation rate is lower than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$90,783

Parsons, KS HOME PRICES

Value Range
> $1,079,000 0.2
$809,001 - $1,079,000 0.5
$539,001 - $809,000 0.0
$431,001 - $539,000 1.0
$324,001 - $431,000 0.4
$216,001 - $324,000 6.0
$108,001 - $216,000 21.5
$54,001 - $108,000 29.3
$0 - $54,000 41.2

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
83.446619008555 62.0567375886525

Number Of Homes And Apartments:
4,148

Parsons 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
38.98% 1.93% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$887 / per month

Homeownership Rate

Homeownership
Owners 56.72
Renters 43.28
Vacant 17.67

Housing Market Details

 

Age of Homes

AGE OF Parsons HOMES
2000 or Newer 4.1
1970 - 1999 26.2
1940 - 1969 33.9
1939 or Older 35.8

Types of Homes

TYPE OF Parsons HOMES
Single-Family 81.9
Townhomes 1.2
Small Apt. Buildings 6.5
Apt. Complexes 7.7
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Parsons HOMES
No Bedroom 3.47
1 Bedroom 8.73
2 Bedrooms 33.15
3 Bedrooms 41.15
4 Bedrooms 11.04
5 or more bedrooms 2.46

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Zip Codes in Parsons, KS