Section 8 Fair Market Rent (FMR) for ZIP 89070 - 2027
Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 89070 for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1640 cover the debt service on a property?
- Yes: If the FMR of $1640 is sufficient to cover the mortgage payments and other expenses associated with owning a rental property, then proceed to the next question.
- No: Do not invest in this area if the FMR cannot meet your debt service requirements. The investment will not be financially viable under these conditions.
- Is the market rent above, at, or below the FMR?
- Above: If the market rent exceeds $1640, then there is an opportunity to earn more than the FMR allows, which could be beneficial if you can secure non-Section 8 tenants willing to pay the higher rate.
- At: If the market rent matches the FMR exactly, then you can expect to earn the full amount allowed by Section 8 without additional risk.
- Below: If the market rent is below $1640, then relying solely on Section 8 tenants might not be profitable. Consider the possibility of renting to non-Section 8 tenants who might pay closer to the FMR.
- Are the percentage of renters and days on the market (DOM) indicative of sufficient demand?
- N/A% Renters + N/A-day DOM: Without specific percentages and DOM figures, it's challenging to provide a definitive answer. However, generally, a high percentage of renters combined with low DOM indicates strong demand. Conversely, low percentages of renters and high DOM suggest weak demand.
If you answered yes to the first question and determined that the market rent is at or above the FMR, and if the demand indicators suggest strong interest in rentals, then investing in ZIP 89070 for Section 8 properties would be advisable. Otherwise, the investment is either not feasible or requires further analysis into the local rental market dynamics.
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.