Section 8 Fair Market Rent (FMR) for ZIP 89016 - 2027

Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,310
1 Bedroom	$1,440
2 Bedrooms	$1,690
3 Bedrooms	$2,320
4 Bedrooms	$2,660
5 Bedrooms	$3,086
6 Bedrooms	$3,456
7 Bedrooms	$3,732
8 Bedrooms	$3,919

The ZIP code 89016, located in Nevada, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its blend of residential and commercial spaces, making it a vibrant community with consistent demand for affordable housing.

The Fair Market Rent (FMR) for ZIP 89016 in fiscal year 2024 is set at $1640, providing a benchmark for rental rates that landlords can expect to receive through the Section 8 program.
Market rent data is currently unavailable for ZIP 89016, which means there's a gap in understanding how non-subsidized rents compare to the FMR.
The median home value is also not available, indicating that detailed insights into property values might require further research beyond the provided data points.
The percentage of residents who are renters is not specified, but given the presence of the Section 8 program, it suggests a significant portion of the population relies on rental assistance.
The Days on Market (DOM) figure is not available, which would typically help gauge how quickly properties are rented out in this area.
The median household income is not provided, which could be crucial in assessing the financial health of potential tenants and their ability to meet the requirements for the Section 8 program.

Despite the lack of comprehensive market data such as specific rental rates and home values, the established Fair Market Rent at $1640 for fiscal year 2024 provides a solid foundation for setting expectations. Investors should focus on securing properties that align with this FMR to ensure they are competitive in the subsidized housing market. The absence of detailed income and DOM data highlights the need for thorough due diligence when considering investments in ZIP 89016, including direct market research and consultation with local real estate experts to fill these informational gaps.

Data Sources: FMR data from HUD (2027).

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.