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KS/Johnson County/Prairie Village

Prairie Village, KS

CitySAFMR
Johnson County
Found 1 ZIP

City Median Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,490
1 BR$1,860$1,660
2 BR$2,100$1,820
3 BR$2,740$2,420
4 BR$3,290$2,850
5 BR$3,783Not available
6 BR$4,351Not available
7 BR$5,004Not available
8 BR$5,754Not available

Purchase Price Calculator

Maximum purchase price
$208,535

Cost breakdown

+Likely effective rent$1,820
HUD FMR$2,100
Market rentUsed$1,820
Est. payment standard (91%)$1,920
-Principal and interest-$1,054
Loan amount$166,828
Down payment$41,707
Rate6.50%
Term30 years
-Operating costs-$566
Property taxes-$209
Insurance-$175
Utilities$0
HOA$0
Management-$182
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,211(70.0% ROI)
Projected value
$224,569
Return breakdown
Property appreciation+$16,034
Loan principal paid down+$5,977
Rental cash flow+$7,200
5-year hold
+$50,062(120.0% ROI)
Projected value
$235,938
Return breakdown
Property appreciation+$27,403
Loan principal paid down+$10,659
Rental cash flow+$12,000
10-year hold
+$107,805(258.5% ROI)
Projected value
$266,942
Return breakdown
Property appreciation+$58,407
Loan principal paid down+$25,398
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.12
2 BR
1.15
3 BR
1.13
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Prairie Village, KS fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prairie Village, KS is $2,100 a month. That is up 11.1% from $1,890 in FY 2026. Prairie Village 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 Prairie Village is 119% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Prairie Village, KS
BedroomsFY 2027Change90–110% range
Studio$1,710+12.5%$1,539–$1,881
1BR$1,860+11.4%$1,674–$2,046
2BR$2,100+11.1%$1,890–$2,310
3BR$2,740+11.4%$2,466–$3,014
4BR$3,290+12.3%$2,961–$3,619

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Prairie Village, KS
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,860$2,100$2,740$3,290
FY 2026$1,520$1,670$1,890$2,460$2,930
FY 2025$1,550$1,710$1,940$2,530$2,990
FY 2024$1,460$1,620$1,860$2,430$2,860
FY 2023$1,320$1,490$1,730$2,270$2,640

Questions about Prairie Village, KS rents

How much will Section 8 pay for a two-bedroom in Prairie Village, KS?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,100, that basic range is $1,890 to $2,310 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 Prairie Village, KS in?

Prairie Village, 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 Prairie Village, KS for FY 2027?

The two-bedroom FMR rose 11.1%, from $1,890 in FY 2026 to $2,100 in FY 2027. Since FY 2023 it has risen 21.4%.

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