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 analysis of ZIP code 89195 within the Las Vegas-Henderson-North Las Vegas, NV MSA reveals several critical insights for landlords and small-portfolio investors.
First, let's address whether the rent math works. The Fair Market Rent (FMR) for ZIP 89195 in fiscal year 2024 is set at $1640. However, the lack of available market rent data makes it challenging to directly compare these figures. Landlords should proceed with caution, ensuring their rental properties are priced competitively based on local trends and comparable listings.
Regarding the affordability of property acquisition, the data is incomplete. Without the median home value, days on market (DOM), and the percentage of homes that require price cuts, it's difficult to assess the ease of purchasing properties. Investors must rely on broader market indicators and consult local real estate agents for more precise guidance.
Tenant demand in ZIP 89195 can be gauged through population and renter share data. Unfortunately, the population and renter share percentages are not provided, leaving a significant gap in understanding the potential pool of tenants. This uncertainty necessitates further investigation into demographic studies and local housing reports to make informed decisions.
In conclusion, while the Fair Market Rent for ZIP 89195 is established at $1640, the absence of key metrics such as market rent, median home values, and days on market, coupled with the lack of tenant demographic data, presents substantial challenges for landlords and investors. A thorough local market analysis and consultation with real estate professionals are essential before making any investment decisions in this area. The verdict on ZIP 89195 remains inconclusive due to insufficient data points for a comprehensive evaluation.
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.