Location: White Pine County, NV | Metro: Eureka County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
The ZIP code 89316 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern due to the disparity between the market rent of $992 and the Fair Market Rent (FMR) of $1,320 for fiscal year 2026. This gap can lead to higher turnover rates as tenants may seek properties that better match their financial capabilities.
Vacancy exposure is another issue, as the number of days on market (DOM) is not available. This lack of data makes it difficult to predict how long a property might remain vacant, increasing the risk of lost rental income. Additionally, the typical home value in the area stands at $219,011, while the median household income is $71,554. This combination suggests that many homeowners may be financially stretched, leading to potential deferred maintenance issues. Landlords should be prepared for the possibility of inheriting properties in need of repair, which can add to initial costs and ongoing expenses.
However, these risks are offset by the high renter density in the area, with 30.3% of residents being renters. High renter concentration typically correlates with a greater demand for rental housing, including those who rely on Section 8 vouchers. This demographic factor can provide a stable pool of tenants and reduce the likelihood of prolonged vacancies.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 89316 is moderate.
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.