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 |
1640 is the Fair Market Rent (FMR) for ZIP 89053 as of fiscal year 2024. Despite the lack of specific market rent, median home value, and other key metrics, landlords and small-portfolio investors can still derive valuable insights. The absence of precise median income data suggests a need for cautious investment, focusing on properties that align with the 1640 FMR threshold. Given the limited availability of detailed local real estate statistics, analyzing broader regional trends becomes essential. For instance, Zillow reports 115 homes for sale in 89053, indicating a modest inventory level. This scarcity could support rental pricing strategies aligned with the 1640 FMR. Additionally, the 89053 area lacks significant data on days on market (DOM) and price-cut shares, which might imply stable market conditions without excessive turnover or price adjustments. However, investors should remain vigilant, leveraging comprehensive research tools and staying informed about broader economic indicators that could affect the region. In conclusion, while the specific data points are sparse, the 1640 FMR provides a solid benchmark for rental pricing, making it a viable option for Section 8 participation.
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.