Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
| 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 |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 89046 present a unique market scenario that merits careful consideration for landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $1320 for the fiscal year 2024, the rental market appears to be stable, yet the lack of available data on market rent and price-cut share suggests that there might be a gap between reported and actual rental rates. This absence indicates a need for further investigation into local rental trends.
The median home value in ZIP 89046 stands at $278,390, which provides insight into the overall property values within the area. Although the exact relationship between supply and demand cannot be definitively stated without additional data points, the current median home value can be used as a benchmark to gauge property appreciation or depreciation relative to other markets.
A noteworthy statistic is the 8.4% renter share. This figure is relatively low compared to national averages, which often hover around 35%. In ZIP 89046, a lower percentage of renters could imply a higher concentration of homeowners, potentially leading to less immediate pressure on the rental market. However, it also suggests that any increase in rental demand could have a significant impact on rental prices and vacancy rates, as the pool of potential renters is smaller.
In summary, ZIP 89046 offers a rental market with a defined FMR but lacks detailed insights into market rent and price-cutting trends. The median home value provides a static point of reference, while the low renter share indicates a market that may be less sensitive to short-term fluctuations but could experience pronounced changes if rental demand increases. For investors, understanding these dynamics is crucial for making informed decisions about property acquisition and management strategies.
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.