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Reno County/Hutchinson/67502

67502

ZIPSAFMR
Reno County, KS
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$740$620
1 BR$810$680
2 BR$1,060$850
3 BR$1,350$1,160
4 BR$1,480$1,270
5 BR$1,702Not available
6 BR$1,957Not available
7 BR$2,251Not available
8 BR$2,589Not available

Purchase Price Calculator

Maximum purchase price
$64,393

Cost breakdown

+Likely effective rent$850
HUD FMR$1,060
Market rentUsed$850
Est. payment standard (90%)$950
-Principal and interest-$326
Loan amount$51,515
Down payment$12,879
Rate6.50%
Term30 years
-Operating costs-$324
Property taxes-$64
Insurance-$175
Utilities$0
HOA$0
Management-$85
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,997(108.7% ROI)
Projected value
$69,344
Return breakdown
Property appreciation+$4,951
Loan principal paid down+$1,846
Rental cash flow+$7,200
5-year hold
+$23,753(184.4% ROI)
Projected value
$72,855
Return breakdown
Property appreciation+$8,462
Loan principal paid down+$3,291
Rental cash flow+$12,000
10-year hold
+$49,878(387.3% ROI)
Projected value
$82,429
Return breakdown
Property appreciation+$18,036
Loan principal paid down+$7,843
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.19
1 BR
1.19
2 BR
1.25
3 BR
1.16
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 67502 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 67502 (Hutchinson, KS) is $1,060 a month. That is up 3.9% from $1,020 in FY 2026. Hutchinson is in the Reno County, KS non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,018. Among 23 ZIP codes in Reno County, 67502 has the 5th-highest two-bedroom rent (county range $960–$1,190). The median county two-bedroom FMR in Kansas is $961, so ZIP 67502 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 67502
BedroomsFY 2027Change90–110% range
Studio$740+5.7%$666–$814
1BR$810+3.8%$729–$891
2BR$1,060+3.9%$954–$1,166
3BR$1,350+8.0%$1,215–$1,485
4BR$1,480+5.0%$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 67502
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$810$1,060$1,350$1,480
FY 2026$700$780$1,020$1,250$1,410
FY 2025$720$800$1,050$1,270$1,430
FY 2024area FMR$660$741$974$1,178$1,297
FY 2023area FMR$582$662$871$1,060$1,170

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Reno County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 67502
67501$1,020−3.8%
67502Current$1,060—
67505$960−9.4%
67510$1,180+11.3%
67512$960−9.4%
67514$980−7.5%
67522$960−9.4%
67543$1,000−5.7%
67546$1,080+1.9%
67561$970−8.5%
67566$1,190+12.3%
67568$960−9.4%

Questions about ZIP 67502 rents

How much will Section 8 pay for a two-bedroom in ZIP 67502?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,018, which applies unless the housing authority uses Small Area FMRs, that basic range is $916 to $1,120 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 ZIP 67502 in?

ZIP 67502 is in the Reno County, KS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,018.

How much did fair market rent change in ZIP 67502 for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,020 in FY 2026 to $1,060 in FY 2027. Since FY 2025 it has risen 1.0%.

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

County fair market rentHutchinson, KS fair market rentKS statewide rentsWhat is SAFMR?Data sources