Location: Las Vegas-Henderson-North Las Vegas, NV | Metro: Las Vegas-Henderson-North Las Vegas, NV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
To classify ZIP 89173 in Unknown, NV, we need to look at the available data points concerning yield and stability. The primary figure for yield is the Fair Market Rent (FMR) for 2024, which is set at $1640. This is the amount that the U.S. Department of Housing and Urban Development (HUD) deems reasonable for a one-bedroom rental unit under the Section 8 program. However, without specific market rent data and home values, it's challenging to determine how competitive this FMR is.
Moving onto stability, the available data is incomplete. We lack percentages of renters, days on market (DOM), and median household income. These missing pieces make it difficult to assess the financial health and predictability of the rental market in ZIP 89173.
Given the limited data, we can infer that ZIP 89173 is not a high-yield/low-stability market typical of 'flip-style' investments where quick profits are sought through short-term rentals or property flips. Instead, the presence of a defined FMR suggests a more stable environment, as HUD sets these rates based on comprehensive assessments of housing markets. The stability aspect remains unclear due to the absence of key metrics.
The classification leans towards a steady-cashflow zone, assuming that the HUD's FMR reflects a balanced market condition. Landlords and small-portfolio investors should expect a reliable but moderate return on investment, rather than rapid growth or high volatility.
To make a more precise classification, additional data such as the percentage of renters, average DOM, and median income would be necessary. These factors would provide insight into the local economy's strength and the potential for long-term rental stability.
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.