Market Overview
Home Prices in McPherson, KS
The median home value in McPherson, KS is $221,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in McPherson are priced46% below average. McPherson is part of the McPherson, KS metro area.
Over the past five years, McPherson home values have risen by approximately24.2%, reflecting strong long-term appreciation in this market.
Price History
McPherson Home Price Trend
City Comparison
McPherson vs. National Median
At $221,999, homes in McPherson cost 46% below the national median of $410,000. This makes McPherson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McPherson?
20% Down Payment
$44,400
on $221,999
Monthly P&I
$1,158/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,471/mo
incl. taxes & insurance
Income Needed
$58,840
gross annual (30% rule)
10% Down Option
$22,200
+ PMI applies
Loan Amount (20% dn)
$177,599
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in McPherson, KS?
The median home value in McPherson is $221,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in McPherson?
Over the past year, home values in McPherson have increased by 3.8%. Over five years, prices have risen approximately 24.2%.
How much do I need to earn to buy a home in McPherson?
To comfortably afford the median home price of $221,999 with a 20% down payment ($44,400) at today's rates (6.8%), you'd need a gross annual income of approximately $58,840. This assumes keeping total housing costs at or below 30% of gross income.
How does McPherson compare to the national average home price?
The national median home value is approximately $410,000. At $221,999, homes in McPherson are 46% below the national average.
What metro area is McPherson part of?
McPherson is part of the McPherson, KS metropolitan area. Home prices and market conditions can vary across the broader metro region.