The story of this market
The typical home in ZIP 66763 sells for about $101,750, or $72 per square foot.
Prices are roughly flat from a year ago (-0.7%), a market in balance. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $778 a month.
ZIP 66763 — Frontenac
The Parsons housing market remains stable with low price volatility and high affordability compared to national averages. Market activity is characterized by a limited inventory of homes for sale, with values showing minor year-over-year fluctuations. Current conditions are driven by steady local demand and a lack of significant new residential development.
This area is well-suited for budget-conscious family buyers and individuals seeking an affordable cost of living in a small-town environment. It is less attractive to investors seeking high-growth appreciation or urban-style amenities.
Median prices moved down 0.7% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 67357, Labette County KS
Crime rates in Parsons are generally consistent with regional averages for small-town Kansas, though specific neighborhood trends vary. Local law enforcement maintains standard reporting, and the area is considered typical for its size and economic profile.
Public education is primarily served by Parsons USD 503, which provides a range of elementary, middle, and high school options for the community.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity. Flood risk is localized to specific low-lying areas near regional waterways.
Economic momentum is driven by local manufacturing, healthcare, and educational services. Development is steady but modest, focusing on maintaining existing infrastructure and supporting local business retention.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kansas) — Kansas Residential Property Tax: Annual tax bill calculated as: (Appraised Fair Market Value * 11.5% Assessment Rate) * (Mill Levy / 1,000). The mill levy is the combined tax rate set by local taxing jurisdictions.
Commutes are primarily car-dependent, with most residents working within the city or commuting to nearby regional employment hubs via local highway corridors.
The area features local parks and community facilities, with access to regional outdoor recreation, fishing, and hunting opportunities common in southeastern Kansas.
The rental market is characterized by limited inventory and steady demand for affordable housing, with the Parsons Housing Authority managing a portion of the available stock.
The economy is anchored by manufacturing, healthcare, and public sector employment, with a focus on regional service provision.
Transportation is dominated by private vehicle use, with regional connectivity provided by state highways.
Development is primarily focused on small-scale residential and commercial maintenance rather than large-scale new construction.
The Labette County Appraiser's office manages property assessments based on market value and state-mandated appraisal cycles.
Parcels are subject to standard school district and county-level taxation districts.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks.
Kansas is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Kansas law requires sellers to provide a written disclosure statement regarding the condition of the property to potential buyers.
Data retrieved from Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A local green space providing walking trails and community recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.