Total monthly cost of ownership
Cost to Own a Home in Parsons, Kansas
A $70,000 home here costs
$772per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $360. The real number is $412 higher every month — 115% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Parsons against Labette County and Kansas
| Measure | Parsons | Labette County |
|---|---|---|
| Median home value | $70,300 | $92,100 |
| Median property tax | $1,315 | $1,499 |
| Effective tax rate | 1.871% | 1.628% |
| Median gross rent | $743 | $729 |
| Population | 9,482 | 19,949 |
The weather behind that power bill
Parsons sits in Labette County, which averages a high of 91.4°F in its hottest month and a low of 23.1°F in its coldest, with 37.87" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,690 cooling and 4,224 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Labette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Labette County
Common questions
How much does it cost to own a home in Parsons?
A $70,000 home in Parsons, Kansas costs approximately $772 per month with 20% down at 6.66%. That is $360 principal and interest, $109 property tax, $41 homeowners insurance, $204 utilities and $58 set aside for maintenance.
What is the property tax rate in Parsons?
Parsons has an effective property tax rate of 1.871%, based on a median home value of $70,300 and median real estate taxes of $1,315. That is higher than the Labette County average of 1.628%.
What is the average home price in Parsons?
The median owner-occupied home value in Parsons, Kansas is $70,300, against $92,100 across Labette County.
Is it cheaper to rent or buy in Parsons?
Median gross rent in Parsons is $743 a month, against $772 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Parsons — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kansas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.