2026 Affordability Data
Most Affordable Neighborhoods in Parsons - 2026 Data
The median home value in Parsons is $72,200, 74% below nat'l avg. Median rent is $822/month. With an affordability index of 242, Parsons is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Parsons, KS area.
Key Takeaways: Affordability in Parsons
- 1The most affordable neighborhood in Parsons is Topeka, with a median home value of $115,000.
- 2Parsons's median home value is $72,200, 74% below nat'l avg (national: $281,900).
- 3Parsons's affordability index is 242 (baseline 100), making it more affordable than the national average.
- 4Median rent in Parsons is $822/month, 29% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Parsons to find the most affordable areas based on home values, rent, and affordability index.
Parsons Affordability Overview
Median Home Value
$72,200
74% below nat'l avg
Median Rent
$822/mo
29% below nat'l avg
Median Income
$48,990
34% below nat'l avg
Affordability Index
242
142% above nat'l avg
Most Affordable Neighborhoods in Parsons (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | TopekaKS | $115,000 |
| 2 | DerbyKS | $210,600 |
| 3 | AtchisonKS | $113,900 |
| 4 | LansingKS | $233,900 |
| 5 | ManhattanKS | $242,300 |
| 6 | EmporiaKS | $125,200 |
| 7 | MerriamKS | $229,000 |
| 8 | AndoverKS | $261,000 |
| 9 | LawrenceKS | $247,300 |
| 10 | HaysvilleKS | $148,900 |
| 11 | Great BendKS | $116,400 |
| 12 | OlatheKS | $317,900 |
| 13 | WinfieldKS | $111,400 |
| 14 | LenexaKS | $348,600 |
| 15 | Junction CityKS | $160,200 |
Detailed Neighborhood Profiles
Home Value: $115,000
Rent: $669/mo
Affordability: 319
Population: 126,587
Walk Score: 84/100
Home Value: $210,600
Rent: $822/mo
Affordability: 242
Population: 25,551
Home Value: $113,900
Rent: $822/mo
Affordability: 242
Population: 10,834
4
Home Value: $233,900
Rent: $822/mo
Affordability: 242
Population: 11,254
5
Home Value: $242,300
Rent: $822/mo
Affordability: 242
Population: 54,287
6
Home Value: $125,200
Rent: $822/mo
Affordability: 242
Population: 24,118
7
Home Value: $229,000
Rent: $822/mo
Affordability: 242
Population: 11,070
8
Home Value: $261,000
Rent: $822/mo
Affordability: 242
Population: 15,460
9
Home Value: $247,300
Rent: $822/mo
Affordability: 242
Population: 95,103
10
Home Value: $148,900
Rent: $822/mo
Affordability: 242
Population: 10,891
11
Home Value: $116,400
Rent: $822/mo
Affordability: 242
Population: 14,725
12
Home Value: $317,900
Rent: $822/mo
Affordability: 242
Population: 142,114
13
Home Value: $111,400
Rent: $822/mo
Affordability: 242
Population: 11,804
14
Home Value: $348,600
Rent: $822/mo
Affordability: 242
Population: 57,497
15
Home Value: $160,200
Rent: $822/mo
Affordability: 242
Population: 22,738
Frequently Asked Questions About Affordability in Parsons
What is the most affordable neighborhood in Parsons, KS?▾
Based on 2026 data, Topeka is the most affordable neighborhood in Parsons with a median home value of $115,000. Kurby analyzed 15 neighborhoods in the Parsons area to compile these rankings.
What is the median home price in Parsons, KS?▾
The median home price in Parsons is $72,200, which is 74% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Parsons affordable compared to the national average?▾
Parsons has an affordability index of 242, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Parsons, KS?▾
The median monthly rent in Parsons is $822. This is 29% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Parsons?▾
The median household income in Parsons is $48,990 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Parsons are below the national average home price?▾
13 out of 15 ranked neighborhoods in Parsons have a median home value below the national average of $281,900. The most affordable is Topeka at $115,000 (Source: Kurby, 2026).