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 | $1,620 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,090 |
| 3 Bedrooms | $2,870 |
| 4 Bedrooms | $3,290 |
| 5 Bedrooms | $3,816 |
| 6 Bedrooms | $4,274 |
| 7 Bedrooms | $4,616 |
| 8 Bedrooms | $4,847 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,090 | $353,496 | 0.59% | F |
| 3BR | $2,870 | $479,277 | 0.6% | F |
| 4BR | $3,290 | $726,583 | 0.45% | F |
| 5BR | $3,816 | $962,705 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 89144 in Las Vegas, NV, has a population of 19,414 residents, with 30.9% being renters. This indicates that it is a moderately renter-heavy area, though not overwhelmingly so. The median household income in this ZIP is $104,511, which provides insight into the financial capacity of potential tenants.
A typical market rent of $2,016 per month consumes approximately 19.2% of the median household income. This percentage is calculated by dividing the monthly rent by the annual median income ($2,016 / $104,511 * 12 months = 19.2%). Given that the Fair Market Rent (FMR) for FY 2024 is $2,140, the actual market rent is slightly below this benchmark, suggesting some flexibility in rental pricing.
In terms of Section 8 voucher demand, the presence of a significant number of renters and the relatively high median income suggest that while there may be some demand for vouchers, it is likely not as deep as in areas with lower incomes and higher percentages of renters. Landlords in this ZIP should expect tenants who are capable of paying market rents without the need for subsidies, but those who do require assistance will still find some availability.
The tenant profile landlords can expect includes individuals and families who are financially stable enough to afford market rents, with some potentially requiring assistance through Section 8 vouchers. Given the income levels and the fact that the market rent is slightly below the FMR, landlords can anticipate a mix of tenants who can pay full price and those who may use vouchers to cover their housing costs.
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.