Location: White Pine County, NV | Metro: White Pine County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,930 |
| 5 Bedrooms | $3,399 |
| 6 Bedrooms | $3,807 |
| 7 Bedrooms | $4,112 |
| 8 Bedrooms | $4,318 |
U.S. Census Bureau data (2024)
ZIP 89318, located in White Pine County, Nevada, presents an interesting opportunity for inclusion in a Section 8 portfolio strategy. Given the specific metrics available, this ZIP code best serves as a cash-flow anchor. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,940, which stands significantly above the current market rent of $1,663. This gap ensures that landlords can maintain steady cash flows without worrying about market fluctuations.
The higher FMR compared to the actual market rent means that landlords can receive a subsidy that covers more than what they would typically charge. This creates a positive spread, making it financially advantageous to hold properties in this ZIP code. Furthermore, the median home value of $140,338 suggests that property values are relatively stable and not likely to appreciate rapidly, reinforcing the anchor role of these properties within a Section 8 portfolio.
While there are no specific percentages provided for price-cut shares or days on market (DOM), the lack of volatility in the housing market implied by the stable median home value indicates that this ZIP code is not an ideal appreciation play. Instead, the focus should be on the consistent cash flow that the Section 8 program provides, given the favorable subsidy levels.
The 14.9% renter share and median income of $56,779 also support the cash-flow anchor designation. These figures suggest that there is a reasonable demand for rental units, and the median income level is sufficient to support the number of renters participating in the Section 8 program. Landlords can expect a reliable tenant base with the financial backing of the government to ensure timely rent payments.
In summary, ZIP 89318 should be considered as a cash-flow anchor within a Section 8 portfolio due to the positive spread between FMR and market rent, stable property values, and a supportive tenant demographic. This approach will help stabilize overall portfolio performance and provide predictable returns.
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.