Section 8 Fair Market Rent (FMR) for ZIP 89314 - 2027

Location: White Pine County, NV | Metro: Nye County, NV

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$910
2 Bedrooms	$1,190
3 Bedrooms	$1,590
4 Bedrooms	$1,990
5 Bedrooms	$2,308
6 Bedrooms	$2,585
7 Bedrooms	$2,792
8 Bedrooms	$2,932

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

103

Median Household Income

$52,917

Housing Units

Renter Percentage

36.6%

Occupancy Rate

75.9%

Renter Occupied

The ZIP code 89314, located in Duckwater, Nevada, is an ideal diversifier for a Section 8 portfolio strategy. With a median income of $52,917, the area has a significant 36.6% renter share, making it suitable for properties rented under the Section 8 program.

Section 8 portfolios benefit from areas with high renter shares because they ensure a steady stream of tenants who are vetted and have their rent subsidized by the government. This reduces the risk of vacancy and ensures reliable cash flow. However, the area does not offer much in terms of appreciation potential, as indicated by the lack of recent home sales data and the low median home value. The data from RealtyTrac shows that only one property was sold in the past twelve months, which is insufficient to determine any trends in home price appreciation.

Furthermore, the spread between the Fair Market Rent (FMR) for the metro area in fiscal year 2026, at $1,220, and the current market rent of $588, suggests that there is room for growth in rental income. Landlords can expect to receive a higher rent subsidy than the typical market rent, providing a cushion against inflation and other economic pressures. This makes ZIP 89314 a valuable addition to a Section 8 portfolio as it can help stabilize overall cash flow.

To further illustrate, consider the following:

Diversification: Including ZIP 89314 in your portfolio will balance out your investments, especially if you are already heavily invested in areas with volatile real estate markets.
Cash Flow: While not a cash-flow anchor due to the low market rent, the guaranteed Section 8 payment of $1,220 provides a reliable income source that is less affected by local market fluctuations.
Limited Appreciation Potential: Given the sparse data on home sales and the low median home value, ZIP 89314 should not be considered primarily for its appreciation potential.

In conclusion, ZIP 89314 serves as a diversifier within a Section 8 portfolio strategy, offering a stable renter base and predictable cash flow. The guaranteed higher rent subsidy compared to the local market rate makes it a strategic choice for landlords and small-portfolio investors looking to mitigate risks associated with traditional real estate investments.

Data Sources: FMR data from HUD (2027). 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.