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)
43.4% of residents in ZIP 89039 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to enter the market. The Fair Market Rent (FMR) for ZIP 89039 in fiscal year 2024 is set at $1320, which is higher than the average market rent of $587 reported by the Census ACS. This discrepancy suggests an opportunity for landlords to potentially receive higher rents through Section 8 participation.
$48,083 is the median income in ZIP 89039, which is below the average for many metropolitan areas, but it aligns well with the FMR. The lack of data on median home values and days on market (DOM) indicates a less active real estate market, possibly due to the high percentage of renters. Additionally, the absence of a percentage for price-cut shares suggests that property values in this area are relatively stable, without the need for frequent price adjustments.
The higher FMR compared to the market rent means that landlords who participate in the Section 8 program can benefit from a guaranteed rent that is above the local average. This stability can be particularly attractive for small-portfolio investors seeking consistent cash flow. Moreover, the significant renter share of 43.4% implies a steady demand for rental properties, reducing the risk of vacancies.
However, the decision to participate in Section 8 should also consider the administrative requirements and potential maintenance costs associated with the program. Despite these factors, the financial benefits of receiving a fixed, government-backed rent of $1320 per month, which is notably higher than the local market rent of $587, make Section 8 a viable option for investors in ZIP 89039.
Verdict: Section 8 participation offers a reliable investment strategy in ZIP 89039, given the high renter share and favorable FMR.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.