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KS/Miami County/Spring Hill

Spring Hill, KS

CitySAFMR
Miami County
Found 1 ZIP

City Median Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,230
1 BR$1,220$1,290
2 BR$1,380$1,520
3 BR$1,800$1,980
4 BR$2,160$2,380
5 BR$2,484Not available
6 BR$2,857Not available
7 BR$3,285Not available
8 BR$3,778Not available

Purchase Price Calculator

Maximum purchase price
$163,955

Cost breakdown

+Likely effective rent$1,520
HUD FMR$1,380
Market rent$1,760
Est. payment standard (110%)Used$1,520
-Principal and interest-$829
Loan amount$131,164
Down payment$32,791
Rate6.50%
Term30 years
-Operating costs-$491
Property taxes-$164
Insurance-$175
Utilities$0
HOA$0
Management-$152
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,506(74.7% ROI)
Projected value
$176,561
Return breakdown
Property appreciation+$12,607
Loan principal paid down+$4,699
Rental cash flow+$7,200
5-year hold
+$41,925(127.9% ROI)
Projected value
$185,500
Return breakdown
Property appreciation+$21,545
Loan principal paid down+$8,380
Rental cash flow+$12,000
10-year hold
+$89,889(274.1% ROI)
Projected value
$209,876
Return breakdown
Property appreciation+$45,921
Loan principal paid down+$19,968
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.92
2 BR
0.78
3 BR
0.81
4 BR
0.78
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Spring Hill, KS fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Spring Hill, KS is $1,380 a month. That is up 10.4% from $1,250 in FY 2026. Spring Hill 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 Spring Hill is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Spring Hill, KS
BedroomsFY 2027Change90–110% range
Studio$1,120+10.9%$1,008–$1,232
1BR$1,220+10.9%$1,098–$1,342
2BR$1,380+10.4%$1,242–$1,518
3BR$1,800+10.4%$1,620–$1,980
4BR$2,160+11.3%$1,944–$2,376

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Spring Hill, KS
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,220$1,380$1,800$2,160
FY 2026$1,010$1,100$1,250$1,630$1,940
FY 2025$1,010$1,120$1,270$1,660$1,960
FY 2024$970$1,080$1,240$1,620$1,900
FY 2023$860$970$1,130$1,490$1,720

Questions about Spring Hill, KS rents

How much will Section 8 pay for a two-bedroom in Spring Hill, KS?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,380, that basic range is $1,242 to $1,518 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 Spring Hill, KS in?

Spring Hill, 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 Spring Hill, KS for FY 2027?

The two-bedroom FMR rose 10.4%, from $1,250 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 22.1%.

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