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 |
The ZIP code 89193 in Las Vegas, NV, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the Fair Market Rents (FMR) provided by HUD for fiscal year 2024. The FMR for a two-bedroom apartment in ZIP 89193 is $1,640.
While the exact market rent and median home value for ZIP 89193 are not specified, the FMR serves as a reliable benchmark for rental income. Landlords can expect steady cash flow from tenants participating in the Section 8 program, which is crucial for maintaining financial stability in a real estate portfolio.
The consistency of the FMR ensures predictable income, making it ideal for anchoring a portfolio's cash flow. Given the current economic conditions in the Las Vegas metropolitan area, landlords can rely on the FMR to cover operational costs and generate a stable return on investment.
ZIP 89193 does not exhibit strong indicators for appreciation or diversification due to the lack of specific data on price-cut shares, days on market (DOM), renter share, and median income. Therefore, focusing on its role as a cash-flow anchor is the most prudent approach for landlords and small-portfolio 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.