Section 8 Fair Market Rent (FMR) for ZIP 89061 - 2027
Location: Nye County, NV | Metro: Inyo County, CA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,290 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$77,991
To determine if a landlord should invest in ZIP 89061 (Pahrump, NV) for Section 8 properties, follow this decision tree:
- Does FMR $1,810 (metro FY 2026) clear debt service on a $383,921 property?
- If yes: The Fair Market Rent (FMR) of $1,810 is sufficient to cover the debt service on a property valued at $383,921. This makes the area financially viable for Section 8 investments.
- If no: The FMR does not sufficiently cover the debt service, indicating that the investment would likely result in financial loss. Avoid purchasing properties in this area for Section 8 tenants.
- Is market rent $2,068 (ZORI) above, at, or below FMR?
- If above: The Zillow Observed Rent Index (ZORI) of $2,068 is higher than the FMR of $1,810, suggesting that market rents can potentially exceed what Section 8 pays. Landlords might consider diversifying their tenant mix to include non-Section 8 tenants for higher income.
- If at: The ZORI matches the FMR, making the area neutral in terms of market vs. Section 8 rent. This scenario indicates stable but not exceptionally profitable returns.
- If below: ZORI being below FMR is unlikely given the data; however, if market conditions change, it would indicate that market rents are lower than what Section 8 pays, which could make the area attractive for Section 8 investments.
- Are 10.9% renters + N/A-day DOM enough demand?
- If 10.9% of the population are renters and there is a low Days on Market (DOM), it indicates moderate demand for rental properties. However, the lack of specific DOM data means it's unclear how quickly properties are rented out. Without a clear DOM figure, the answer is it depends. Evaluate the local housing market trends and competition to decide if the demand is sufficient for your investment goals.
In summary, if the FMR of $1,810 covers the debt service on a $383,921 property, then Pahrump, NV is a viable option. The market rent being $2,068 suggests potential for higher income outside of Section 8. Lastly, the 10.9% rental rate without clear DOM data requires further investigation into local market dynamics before making a final decision.
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.