Location: Inyo County, CA | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,630 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,630 | $324,474 | 0.81% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 89019 is poised for stability and potential growth over the next 12 to 24 months, based on the current median home value of $322,056. This figure, combined with the lack of significant reductions in listing prices and the non-reported median days on market (DOM), suggests that sellers maintain a strong pricing power. The absence of widespread price reductions indicates a balanced market where neither buyers nor sellers have overwhelming leverage.
On the rental side, the Fair Market Rent (FMR) for ZIP 89019 in fiscal year 2024 is set at $1580, significantly higher than the current market rent of $809 according to Census ACS data. This gap signals an opportunity for landlords and small-portfolio investors to increase rents gradually without alienating tenants, assuming the local economy supports such increases. The discrepancy between FMR and actual market rent also suggests that rental properties could see an upward trend in value, aligning with broader economic conditions.
For long-term hold investors, the setup implies a realistic appreciation thesis. With stable home values and the potential for rental rates to approach FMR levels, investment properties can appreciate in value through both capital gains and rental income growth. However, the lack of specific percentage data on reduced listings and DOM means that caution should be exercised in expecting rapid appreciation. Instead, the data points to a scenario where steady growth is likely, contingent upon economic factors and local demand remaining consistent.
In summary, the current market conditions in ZIP 89019 favor maintaining pricing power for homeowners and present opportunities for landlords to adjust rents closer to FMR levels. Long-term investors should anticipate moderate appreciation, driven by the interplay between home values and rental rates, rather than expecting explosive growth.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.