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KS/Johnson County/New Century

New Century, KS

CitySAFMR
Johnson County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,370$1,410
2 BR$1,550$1,670
3 BR$2,030$2,060
4 BR$2,430$2,490
5 BR$2,795Not available
6 BR$3,214Not available
7 BR$3,696Not available
8 BR$4,250Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,550
Market rent$1,730
Est. payment standard (108%)Used$1,670
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.96
2 BR
0.90
3 BR
0.98
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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New Century, KS fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Century, KS is $1,550 a month. That is up 14.0% from $1,360 in FY 2026. New Century is in the Kansas City, MO-KS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Kansas is $961, so New Century is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for New Century, KS
BedroomsFY 2027Change90–110% range
Studio$1,260+14.5%$1,134–$1,386
1BR$1,370+14.2%$1,233–$1,507
2BR$1,550+14.0%$1,395–$1,705
3BR$2,030+14.0%$1,827–$2,233
4BR$2,430+15.2%$2,187–$2,673

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for New Century, KS
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,370$1,550$2,030$2,430
FY 2026$1,100$1,200$1,360$1,780$2,110
FY 2025$1,060$1,170$1,330$1,730$2,050
FY 2024$940$1,040$1,200$1,570$1,840
FY 2023$1,000$1,140$1,320$1,740$2,010

Questions about New Century, KS rents

How much will Section 8 pay for a two-bedroom in New Century, KS?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is New Century, KS in?

New Century, KS is in the Kansas City, MO-KS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in New Century, KS for FY 2027?

The two-bedroom FMR rose 14.0%, from $1,360 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 17.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set