Section 8 Fair Market Rent (FMR) for ZIP 89170 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 89170, located in Nevada, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its specific rental dynamics and economic conditions that influence investment decisions.

• The Fair Market Rent (FMR) for ZIP 89170 is set at $1640 for the fiscal year 2024, providing a benchmark for rental prices in the area.
• Market rent data is currently unavailable for this ZIP code, which means there's a lack of recent trends to compare against the FMR.
• The median home value is also not available, indicating that residential property values may vary widely without a clear median figure.
• The percentage of residents who are renters is not specified, making it difficult to gauge the overall demand for rental properties.
• The Days on Market (DOM) statistic is not provided, which would typically give insight into how quickly rental units are being leased.
• The median income for the area is unspecified, leaving room for uncertainty regarding the financial stability of potential tenants.

In summary, while the Fair Market Rent provides a solid anchor for setting competitive rates in ZIP 89170, the absence of other key metrics such as market rent, median home value, and median income suggests a need for thorough local research before making investment decisions. The lack of these figures implies that the area might be less documented or have a unique market that doesn't conform to typical real estate patterns, offering both challenges and opportunities for savvy investors.

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.