Location: Nye County, NV | Metro: Nye County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
The analysis of ZIP code 89041, located in an area designated as Unknown within Nye County, Nevada, reveals several critical points that should be considered by landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $1,220 for fiscal year 2026. However, the lack of available market rent data makes it impossible to directly compare these figures. This absence of current market rent data is a significant gap that would need to be filled through local real estate listings or rental surveys to accurately assess whether the FMR is reflective of actual market conditions.
Secondly, the affordability of acquiring properties in ZIP 89041 cannot be definitively assessed due to the unavailability of key metrics such as median home value, days on market (DOM), and the percentage of homes needing price cuts. Without these data points, understanding the typical costs and challenges associated with property acquisition remains speculative. Landlords and investors must seek out local real estate agents or other reliable sources to obtain these crucial figures.
Lastly, tenant demand is also uncertain given the missing population and renter share percentages. These statistics are vital for predicting the number of potential tenants and the competition they might face from homeowners. Investors should consult the latest U.S. Census Bureau data or local housing authorities to get a clearer picture of the demographic landscape and the proportion of renters in the area.
Verdict: The analysis of ZIP 89041 highlights a critical shortage of necessary data to make informed decisions about the viability of Section 8 rentals in this area. While the FMR provides a benchmark, the lack of current market rent, property acquisition cost, and tenant demand data means that any investment decision must be made with caution. It is imperative for landlords and small-portfolio investors to gather comprehensive local data before proceeding with any investment plans in this ZIP code.
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.