Location: Las Vegas-Henderson-North Las Vegas, NV | 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 | $1,200 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,340 | $112,526 | 1.19% | B |
| 2BR | $1,570 | $183,163 | 0.86% | C |
| 3BR | $2,180 | $312,647 | 0.7% | D |
| 4BR | $2,490 | $389,997 | 0.64% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 89029, Laughlin, Nevada, reveals a favorable environment for cash flow generation. The HUD Fair Market Rent (FMR) for FY 2024 is set at $1,320 per month, which is notably higher than the Zillow Observed Rent Index (ZORI) of $1,152. This means that voucher tenants will generate positive cash flow at the FMR rate, even without considering premium units. Landlords can expect to see a consistent positive difference between their rental income and market rates.
To further analyze the investment potential, consider the median home value in the area, which stands at $259,724. Using the market rent of $1,152, the rent-to-price ratio is approximately 0.44%, indicating that rental properties are undervalued relative to their market price. This suggests that purchasing a property in this ZIP code for rental purposes could be a prudent financial decision, especially when considering the long-term benefits of owning an asset that generates regular income.
The real estate market in Laughlin also shows signs of stability. With a median Days on Market (DOM) of 112 days and only a 0.2% share of homes making price cuts, it's clear that the local housing market is robust and not prone to significant fluctuations. This stability is beneficial for both landlords and small-portfolio investors, as it minimizes the risk of prolonged vacancies or having to reduce asking prices.
In conclusion, the strongest angle for investors in ZIP code 89029 is the potential for strong cash flow due to the disparity between the HUD FMR and the market rent. This makes Laughlin an attractive location for those looking to capitalize on government-assisted housing programs while maintaining a healthy rental income.
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.