Parsons, KS

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Parsons short-term rental market based on reliable data.

Listings

28 / 47

Reliable / Active

Cap Rate

18%

Middle-Earners Gross Yield

Revenue

$15,031

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$82,463

Median Home Sale Price

Top Earners

$24,483

Top-Earners Revenue

Parsons

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Parsons.

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C

Challenging to Investors

Parsons Regulations

STRs are allowed in unincorporated Labette County but only by fitting into narrow permitted uses (e.g., owner‑occupied room rentals as Home Occupations, boarding/rooming house or hotel in C‑1, campgrounds with ≤90‑day stays); inside Parsons city limits the rules are unknown/missing, creating legal uncertainty. Compliance requires zoning permits, occupancy certificates, building permits if applicable, sanitation approvals, and potential state KDHE/KDOR licensing and taxes, with caps and owner‑occupancy limits reducing whole‑home viability and increasing risk.

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About Parsons

Parsons is a small city in southeastern Kansas and serves as the largest community and county seat of Labette County. With a population of roughly 9,500 residents, it carries the easygoing pace of a classic Midwestern railroad town, with tree-lined residential streets, a compact historic downtown, and a strong sense of local identity rooted in its heritage as a former hub for the Missouri–Kansas–Texas (Katy) Railroad. It functions as a convenient gateway to the rolling prairies, woodlands, and lakes of the southeastern Kansas and northeastern Oklahoma border country, and it sits about 50 miles northwest of Joplin, Missouri, and roughly 130 miles south of the Kansas City metropolitan area.

A short drive northwest of town leads to Big Hill Lake, a reservoir managed by the U.S. Army Corps of Engineers that spans several thousand acres of water and surrounding green space. Approximately 15 to 20 minutes from downtown Parsons, the lake offers fishing, boating, swimming beaches, picnic areas, and a network of trails, making it one of the most popular outdoor escapes in Labette County for both day-trippers and overnight campers. Just to the east, the Neosho River winds through the region, and travelers can reach the Neosho Wildlife Area within about 20 minutes, where wetlands, river bottoms, and quiet fishing spots provide a more low-key alternative to the busier reservoir.

For visitors interested in the area's mining and prairie history, the Mined Lands Wildlife Area lies roughly 30 to 40 minutes to the northeast near the town of Weir. This unique property was reclaimed from old coal-stripping operations and has been transformed into a network of lakes, grasslands, and woodlands managed for wildlife habitat and public recreation, with several public fishing lakes and a few miles of nature drives. Closer to town, the Labette County area preserves a handful of small museums and historical markers tied to early statehood, the Osage and Cherokee heritage of the region, and the railroad era that originally put Parsons on the map.

In short, Parsons offers short-term-rental owners a base that combines small-town affordability with surprising access to outdoor recreation, regional history, and a steady flow of travelers passing between the Kansas City metro area, Joplin, and the broader Four-State region. Its walkable historic core, proximity to Big Hill Lake, and position as a service hub for the surrounding agricultural and energy-producing countryside give it a year-round draw for road-trippers, hunters, anglers, and visiting families who want a quieter alternative to the larger destinations farther down the interstate.

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