Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,180 |
| 4 Bedrooms | $2,490 |
| 5 Bedrooms | $2,888 |
| 6 Bedrooms | $3,235 |
| 7 Bedrooms | $3,494 |
| 8 Bedrooms | $3,669 |
U.S. Census Bureau data (2024)
The classification of ZIP 89007 hinges on its unique blend of yield and stability metrics. With a Fair Market Rent (FMR) of $1320 for fiscal year 2024, it's evident that rental income can be substantial. However, the absence of market rent data presents a gap in assessing the true potential yield. Coupled with a median home value of $368,737, this ZIP code leans towards higher investment costs.
Stability indicators in ZIP 89007 are mixed. The reported 0.0% renters suggest a low demand for rental properties, which could imply that the area is primarily owner-occupied. This characteristic might reduce the immediate appeal for landlords seeking quick rental turnovers. The median household income of $78,237 provides a positive outlook on residents' financial health, potentially supporting stable occupancy rates if the rental market were to grow.
Considering these factors, ZIP 89007 does not fit neatly into a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it represents a transitional market. The lack of comprehensive rental data hinders a definitive yield assessment, while the low percentage of renters indicates an underdeveloped rental sector. Nonetheless, the relatively high median income suggests that there is room for growth in rental demand, making it a potentially attractive long-term investment for those willing to wait for the market to mature.
To make a more informed decision, further analysis on the rental market trends and any projected increases in population or job opportunities would be beneficial. Additionally, understanding the local housing laws and regulations regarding rentals could provide insights into future stability and yield potential.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.