Real Estate Investing in Parsons, Kansas (67357)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67357 (Parsons, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parsons, KS (67357)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 67357 Parsons
ZIP 67357 inside Labette County looks affordable on the surface — median value of $82K — but the discount exists for reasons that a careful buyer should understand before committing.
From a cash-flow lens, the numbers look inviting — $82K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67357 is substantial and deserves full respect.
The gap between 67357 and stronger Parsons ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 67357 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 67357 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Parsons:
Property Strategy for 67357
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $28,545 | $690 | 17.4% | +1.1% | $28,545 |
| 2BR | $46,796 | $900 | 13.8% | +6.4% | $23,398 |
| 3BR | $102,275 | $1,080 | 7.6% | +7.0% | $34,092 |
| 4BR | $139,233 | $1,300 | 6.7% | +7.0% | $34,808 |
| 5BR | $179,079 | — | — | +5.3% | $35,816 |
Market Trends
Home Value History (with trend line)
📊 How Does 67357 Compare?
| Metric | 67357 | Parsons | Parsons, KS | Kansas |
|---|---|---|---|---|
| Home Value | $82,276 | $82,276 | N/A | $237,409 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.2% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 7.7% | 7.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67357 (Parsons, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $82,276 |
| Monthly Rent | $810 |
| Price-to-Rent | 8.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.8% |
| Cap Rate | 7.7% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +3.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67357
Population: 11,786
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 67357
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 846 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price 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.
Are renters plentiful in Parsons, KS?
Working renters make up the core of the Parsons, KS tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for Parsons, KS?
Yes - Parsons, KS a 3.0/5 investability score. With $82K home prices against $810/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I house hack in Parsons, KS?
Parsons, KS is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $82K price point reasonable to enter.
Is rental property easy to operate in Parsons, KS?
The landlord environment in Parsons, KS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 67357 now. You don’t know where it ranks.
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How 67357 ranks in Parsons, KS
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