Location: Nye County, NV | Metro: Inyo County, CA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,750 | $349,629 | 0.5% | F |
| 4BR | $2,290 | $402,005 | 0.57% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 89060 presents a dynamic scenario where demand appears to be holding steady against supply. With a Fair Market Rent (FMR) of $1,290 set for the fiscal year 2026, it's clear that the government recognizes the cost of renting in this area. However, the actual market rent, as measured by ZORI (Zillow Observed Rental Index), stands at $1,891, indicating that the rental market is thriving and exceeding the FMR. This suggests that landlords and investors can expect to see higher returns on their properties.
The 0.3% price-cut share reveals that very few landlords are lowering their rents to attract tenants, which is a strong indicator of a robust rental market. In areas where supply significantly outpaces demand, you would typically see a higher percentage of price cuts to remain competitive. The fact that the days on market (DOM) is listed as N/A might imply that homes are selling quickly, often before they even hit the market, or that there isn't enough turnover to establish an average DOM. This quick turnover supports the notion of a market where demand is strong.
The median home value of $325,833 provides insight into the overall desirability and financial health of the area. It shows that homebuyers are willing to pay a premium for a property in 89060, which could be due to various factors such as proximity to amenities, good schools, or job opportunities. This high median home value also implies that the area has a relatively affluent population, which can be beneficial for landlords as it suggests a stable tenant base with the ability to pay higher rents.
A 19.1% renter share indicates that nearly one-fifth of the households in 89060 are renters. This figure is significant because it points to ongoing long-term housing pressure. A higher renter share can mean that a portion of the population is unable to purchase homes, possibly due to affordability issues, leading to sustained demand for rentals. For small-portfolio investors, this means that there is a consistent need for rental properties, making 89060 a viable market for investment.
In summary, the dynamics of the ZIP 89060 market suggest a scenario where demand is likely keeping pace with or slightly outpacing supply, driven by a combination of strong rental prices and a significant renter share. These factors contribute to a market that is moving towards greater stability and profitability for landlords and investors.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.