Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,780 |
| 1 Bedroom | $1,950 |
| 2 Bedrooms | $2,290 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,610 |
| 5 Bedrooms | $4,188 |
| 6 Bedrooms | $4,691 |
| 7 Bedrooms | $5,066 |
| 8 Bedrooms | $5,319 |
U.S. Census Bureau data (2024)
The ZIP code 89054 stands out due to its unique demographic and economic characteristics. With only 368 residents, it has a very low population density. The rental market is minimal, with just 8.1% of the residents renting their homes. This indicates a predominantly owner-occupied community. However, specific median income and median home value data are not available, suggesting a lack of comprehensive economic analysis for this area.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 89054 is set at $2370 for fiscal year 2024. This figure represents the benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum rent that a landlord can charge a tenant who receives a Section 8 voucher. Without comparable market rent data, it's challenging to assess how competitive this FMR is within the local housing context. Nonetheless, the low percentage of renters suggests that the demand for Section 8 vouchers might be limited, which could impact the number of landlords participating in the program.
Given the limited data points available, the overall picture of ZIP 89054 appears to be more transitional than stable. The scarcity of residents and renters implies a potentially volatile environment where changes in population could significantly affect the housing market dynamics. Landlords and small-portfolio investors should proceed with caution, considering the low volume of potential tenants and the absence of detailed economic indicators.
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.