The housing market in McPherson, KS is stable and growing. The median value of a house in McPherson is $190,700, which is significantly lower than the US House Median Value of $338,100. Despite this difference in values, the 1 year House Appreciation rate for McPherson is still quite healthy at 5.12%, slightly lower than the US 1 year House Appreciation rate of 8.27%. This suggests that homeowners in McPherson can expect their investments to grow and appreciate over time.
The median home cost in McPherson is $190,700. Home appreciation the last 10 years has been 51.1%. Home Appreciation in McPherson is up 10.9%.
Average Age of Homes
- The median age of McPherson real estate is 49 years old
The Rental Market in McPherson
- Renters make up 24.4% of the McPherson population
- 1.5% of houses and apartments in McPherson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.