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 |
The ZIP code 89125, located within the Las Vegas-Henderson-North Las Vegas, NV MSA, has a Fair Market Rent (FMR) of $1640 for fiscal year 2024. This figure is critical for understanding how it compares to other ZIP codes within the same metropolitan area.
In the Las Vegas-Henderson-North Las Vegas, NV MSA, typical ZIP codes exhibit a wide range of rental and home values. However, the specific market rent and home value figures for ZIP 89125 are currently unavailable. The lack of market rent data makes direct comparisons challenging; nonetheless, the FMR provides insight into the rental landscape.
The FMR of $1640 for ZIP 89125 suggests that it may fall into the mid-tier category when compared to other ZIP codes in the Las Vegas MSA. While some areas might have higher rents due to prime locations or amenities, others could have lower rents, reflecting less desirable living conditions or fewer conveniences. Given the absence of precise market rent and home value data, we cannot definitively categorize 89125 as a value pocket or a premium sub-market.
The unknown percentage of renter share also complicates the analysis. Typically, a high renter share combined with below-average home values can indicate a favorable environment for Section 8 properties. This scenario often signals an area where rental properties are more affordable and thus attract a higher proportion of tenants who rely on government subsidies.
Without complete data, we can infer that ZIP 89125 is likely a mid-tier neighborhood based on its FMR. It is positioned competitively within the broader Las Vegas MSA but lacks the defining characteristics of either a value pocket or a premium sub-market. Landlords and small-portfolio investors should consider the FMR as a benchmark for setting rental prices and evaluating the potential for Section 8 tenancy in this ZIP code.
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.