Real Estate Investing in Parsons, Kansas

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 11,786 • Labette County

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Should you buy in Parsons, KS? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (57/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 18.2% of homes vacant — above national norms.

What’s happening in Parsons, KS?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $82,276
Avg Monthly Rent $810
ZIP Codes 1

Investing in Parsons Real Estate

Parsons, KS covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

Investors considering Parsons, KS should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Parsons at $810/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Parsons's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Parsons, KS

Parsons is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$82,276
Avg Monthly Rent
$810
1% Rule
✗ Below
Landlord Friendly (KS)

📉 Market Crash Risk Index

Based on Parsons, KS metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Parsons, KS metro
0
Days to pending
6.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Parsons

1 College 1,454 Students 846 Off-Campus Renters
C
Labette Community College
2-Year Public · 1,454 students
📍 ~846 students rent off-campus

Investor Insight: With 846 students living off-campus, Parsons has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Parsons, KS

Screen every ZIP in Parsons

Filter Parsons’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Parsons, KS

Does Parsons, KS make sense for an investment property?

Parsons, KS registers an investability rating of 3.0/5, with median home values near $82K and average rents around $810/mo. That combination puts it in the significant tier for investor interest.

What are rental rates like in Parsons, KS?

Parsons, KS rentals go for roughly $810/mo a month. That puts gross yield in solid territory relative to $82K acquisition costs.

Are homes affordable in Parsons, KS?

Expect median prices around $82K in Parsons, KS. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.

Should investors worry about vacancy in Parsons, KS?

Parsons, KS carries elevated vacancy risk. Expect consistent absorption at market rents of $810/mo.

What investment strategy works best in Parsons, KS?

Investors usually favor careful cash-flow rentals with hands-on management in Parsons, KS. With home values at $82K and rents near $810/mo, other strategies can work but produce predictable rather than outsized returns.

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