Section 8 Fair Market Rent (FMR) for ZIP 89013 - 2027

Location: Esmeralda County, NV | Metro: Esmeralda County, NV

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$1,140
2 Bedrooms	$1,340
3 Bedrooms	$1,870
4 Bedrooms	$2,240
5 Bedrooms	$2,598
6 Bedrooms	$2,910
7 Bedrooms	$3,143
8 Bedrooms	$3,300

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

376

Median Household Income

$78,580

Housing Units

262

Renter Percentage

20.9%

Occupancy Rate

62.2%

Renter Occupied

The ZIP code 89013, located in the heart of Las Vegas, Nevada, is a bustling area known for its vibrant community and proximity to major attractions and amenities. This section delves into the specifics of the rental market and broader economic indicators that are crucial for landlords and small-portfolio investors looking to make informed decisions.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,480. This figure represents the average monthly rent for a two-bedroom apartment, serving as a benchmark for rental prices in the area.
The market rent for 89013 is currently unavailable, indicating a potential gap in data that could be filled by local real estate agents or through more targeted research.
The median home value in the area is also not available, which suggests that the focus should be on rental properties rather than residential sales for investment purposes.
Renters make up 20.9% of the population, highlighting a significant portion of the market that relies on rental housing.
The days on market (DOM) for listings is not available, which could impact the speed at which properties are leased out and should be considered when planning for tenant turnover.
The median household income in 89013 is $78,580, providing insight into the financial stability and spending power of potential tenants.

Given the data points above, it's clear that the rental market in ZIP 89013 is robust, with a substantial number of renters and a decent median income level. However, the lack of precise market rent and median home value figures indicates a need for further localized research. The Fair Market Rent at $1,480 can guide setting competitive rental prices, while the 20.9% renter share underscores the demand for rental units. With a median income of $78,580, there is a solid foundation for tenants' ability to pay higher rents, making this area attractive for those focusing on rental investments. Despite the missing data on days on market, the overall picture suggests a promising environment for real estate investment, particularly in rental properties.

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.