Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
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 | $1,410 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,490 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,810 | $308,675 | 0.59% | F |
| 3BR | $2,490 | $420,268 | 0.59% | F |
| 4BR | $2,850 | $497,314 | 0.57% | F |
| 5BR | $3,306 | $601,344 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 89130 in Las Vegas, NV, stands out within Clark County due to several key characteristics. With a population of 36,603 residents, it has a rental rate of 28.0%, slightly below the national average. The median income in this area is $85,278, which is relatively high compared to other parts of Las Vegas, indicating a somewhat affluent demographic. However, the median home value of $443,772 suggests that homeownership is still a significant aspect of the local economy.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 89130 is set at $1,890 for fiscal year 2024. This is just above the market rent, as indicated by the ZORI (Zillow Observed Rent Index), which is $1,869. This slight premium means that landlords can expect to receive rents that are nearly equivalent to market rates, making participation in the Section 8 program financially viable.
The data signature for ZIP 89130 reads as stable. The median income and home values suggest a consistent economic environment where both renters and owners are able to maintain their living situations without significant disruption. While the rental rate is lower than some areas, the proximity of the FMR to the actual market rent ensures that landlords will not face drastic changes in their revenue streams when accepting Section 8 vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.