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 | $1,590 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $449,737 | 0.45% | F |
| 3BR | $2,800 | $426,817 | 0.66% | D |
| 4BR | $3,210 | $511,404 | 0.63% | D |
| 5BR | $3,724 | $678,295 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 89143 in Las Vegas, NV, represents a neighborhood characterized by a relatively low percentage of renters at 26.2%, indicating a higher proportion of homeowners. With a total population of 14,683, it's a moderately sized area where residents enjoy a median household income of $112,040, reflecting a generally affluent community. The median home value stands at $469,473, which is significantly above the national average, further emphasizing the wealth of the area.
Turning to the economic dynamics of renting in ZIP 89143, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $2,140. This figure contrasts with the market rent, known as ZORI (Zillow Observed Rent Index), which currently sits at $2,232. This suggests that rental properties in the area are slightly above the government's fair market assessment, indicating a healthy demand for rental units and potentially favorable conditions for landlords.
Given these characteristics, ZIP 89143 is well-suited for hands-off voucher operators. The high median income and median home values provide a strong foundation for the stability of the housing market. Additionally, the slight premium of market rent over FMR means that landlords can expect to receive reasonable returns while still participating in the Section 8 program. However, for hands-on value-add buyers looking to improve and rebrand properties, the opportunities are limited due to the already robust market conditions and the relatively low number of renters compared to homeowners. In summary, the neighborhood offers a solid investment option for those seeking passive income through Section 8 vouchers without the need for extensive property management.
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.