Section 8 Fair Market Rent (FMR) for ZIP 89136 - 2027

FY 2027 Fair Market Rent Rates

The potential risks for investing in Section 8 properties in ZIP code 89136 in Unknown, NV, include high tenant turnover and significant vacancy exposure. The Fair Market Rent (FMR) for ZIP 89136 in fiscal year 2024 is set at $1640, which is notably higher than the market rent, currently unreported. This disparity can lead to increased turnover as tenants may struggle to afford the higher rents without sufficient financial support. Furthermore, the days on market (DOM) for vacant properties is also unreported, indicating uncertainty regarding how quickly properties can be filled, thus exposing landlords to prolonged vacancy periods.

In addition to these concerns, there is a risk associated with deferred maintenance. With both the typical home value and median income being unreported, it's challenging to assess the financial health of local homeowners and their ability to maintain properties adequately. This lack of data makes it difficult to predict the condition of rental properties and the likelihood that landlords will need to invest in repairs or improvements beyond routine maintenance.

However, these risks must be weighed against the high concentration of renters in the area. The percentage of the population renting is unreported, but a high renter share typically translates into strong demand for housing vouchers. In such cases, the availability of Section 8 vouchers can help stabilize occupancy rates and mitigate some of the financial risks associated with high turnover and vacancy.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.