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 | $1,720 |
| 1 Bedroom | $1,880 |
| 2 Bedrooms | $2,210 |
| 3 Bedrooms | $3,040 |
| 4 Bedrooms | $3,480 |
| 5 Bedrooms | $4,037 |
| 6 Bedrooms | $4,521 |
| 7 Bedrooms | $4,883 |
| 8 Bedrooms | $5,127 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,210 | $430,663 | 0.51% | F |
| 3BR | $3,040 | $569,782 | 0.53% | F |
| 4BR | $3,480 | $645,344 | 0.54% | F |
| 5BR | $4,037 | $1,217,819 | 0.33% | F |
U.S. Census Bureau data (2024)
2310 The Fair Market Rent (FMR) for ZIP 89134 in Las Vegas, NV, for fiscal year 2024 stands at $2310. This figure is crucial for landlords participating in the Section 8 program, as it dictates the maximum allowable rental amount. 2326 In comparison, the Zillow Observed Rent Index (ZORI), which reflects the actual market rent, is slightly higher at $2326. This indicates a competitive rental market where landlords can potentially charge more than the FMR. 495315 The median home value in this area is $495,315, suggesting a middle-class neighborhood where homeownership is accessible but not without consideration. 175 Renter share, at 17.5%, shows a moderate demand for rental properties, balancing the market between renters and owners. 83688 Median income in ZIP 89134 is $83,688, providing insight into the financial capacity of potential tenants. 47 The days on market (DOM) average of 47 days demonstrates a relatively quick turnover rate for listings, which could be beneficial for landlords looking to minimize vacancy periods. 3 The price-cut share, at just 0.3%, indicates that property values are generally stable and that landlords need not worry about significant depreciation in their investment's worth.
Based on these figures, the verdict for Section 8 participation in ZIP 89134 is positive. The slight discrepancy between FMR and ZORI, combined with the moderate renter share and stable property values, suggests that landlords can effectively manage their properties while adhering to Section 8 guidelines. The quick DOM also supports a robust rental market, ensuring steady tenant occupancy.
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.