McPherson County, Kansas Housing Market Prices
McPherson County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 76% below the Kansas median Cheaper than 84% of counties in Kansas$24,740
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Median rent 14% below the Kansas median More expensive than 80% of counties in Kansas$916
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McPherson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,740 | $104,644 | $248,835 |
| Price Trend (Annual %) | -4.2% | 4.4% | 7.5% |
| Median Gross Rent | $916 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McPherson County is about 76% lower than in Kansas. Rent is about 14% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in McPherson County: home prices fell about 4.2% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in McPherson County rose about 43.1% between 2015 and 2024, from $640 to $916. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in McPherson County.
Buying the median-priced home in McPherson County costs roughly 2.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in McPherson County. The price-to-rent ratio in Kansas is about 8.2.
| Metric | McPherson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,740 | $104,644 | $248,835 |
| Median Household Income | $78,479 | $74,287 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McPherson County fell about 75.2%, while median household income rose about 40.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | McPherson County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 60.9% | 58.5% |
| Rental Rate | 22.6% | 29.8% | 31.2% |
| Vacancy Rate | 7.7% | 9.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
McPherson County has a homeownership rate of 69.7%, higher than the Kansas average of 60.9%. Its housing vacancy rate is 7.7%, compared with 9.2% in Kansas.
Housing Stock
| Metric | McPherson County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1970 | 1975 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in McPherson County was built around 1970. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
McPherson County, KS Housing Compared With Nearby Counties
McPherson County, KS is typical in size for this group, 30,205 residents against a local median of 33,756, so the measures below are close to a like for like comparison. Where McPherson County, KS breaks from the counties next to it is median home price, sitting 58% below the local median of $59,230 at $24,740.
The counties themselves spread $170,439 on median home price, so McPherson County, KS sits at one end of an already wide local range rather than apart from it. McPherson County, KS has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McPherson County, KS | 30,205 | $24,740 #4/6 | $916 #2/6 | 75.5% #3/6 |
| Saline County, KS | 53,668 | $116,558 | $961 | 67.1% |
| Harvey County, KS | 33,756 | $23,220 | $900 | 69.8% |
| Marion County, KS | 11,754 | $59,230 | $727 | 81.3% |
| Rice County, KS | 9,350 | $14,343 | $753 | 77.4% |
| Reno County, KS | 61,553 | $184,782 | $863 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in McPherson County, Kansas.
What is the median home price in McPherson County, Kansas?
The median home price in McPherson County, Kansas is $24,740, lower than the Kansas average of $104,644.
What is the average home price in McPherson County, Kansas?
The typical home price in McPherson County, Kansas, reported as the median sale price, is $24,740. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in McPherson County, Kansas?
The median gross rent in McPherson County, Kansas is $916 per month, lower than the Kansas average of $1,060.
What was the median gross rent in McPherson County in 2020?
In 2020, the median gross rent in McPherson County, Kansas was $748 per month.
What is the price-to-rent ratio in McPherson County, Kansas?
The price-to-rent ratio in McPherson County, Kansas is about 2.3, meaning it would take roughly 2.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in McPherson County.
Are home prices or rent rising faster in McPherson County, Kansas?
Home prices and rent are moving in opposite directions in McPherson County: home prices fell about 4.2% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in McPherson County, Kansas?
69.7% of households in McPherson County, Kansas own their home, higher than the Kansas average of 60.9%.
What is the vacancy rate in McPherson County, Kansas?
The housing vacancy rate in McPherson County, Kansas is 7.7%, lower than the Kansas average of 9.2%.
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