Location: Humboldt County, NV | Metro: Humboldt County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
U.S. Census Bureau data (2024)
The ZIP code 89404 presents a unique challenge for real-estate analysts due to the lack of specific data regarding the percentage of renters and median household income. However, we can still provide insights based on the available information.
The population of 89404 is 36, which is extremely small. Given such a low number, any statistical analysis would be highly unreliable and potentially misleading. This makes it difficult to accurately profile the area as either renter-heavy or homeowner-dominated. However, the absence of rental data might suggest that homeownership is more prevalent, but this is speculative without concrete figures.
Moving on to the comparison between market rent and Federal Market Rent (FMR), the latter is set at $1,310 for the fiscal year 2026 in the metro area. Without the exact market rent figure for 89404, it's impossible to determine the precise percentage of local income that goes towards rent. The FMR serves as a guideline for determining the maximum payment standard for housing assistance programs like Section 8, but its utility is limited without knowing the actual income levels and rent prices in the ZIP code.
In terms of tenant profiles, landlords in 89404 should expect a mix of tenants who may or may not rely on housing vouchers. The scarcity of renters and the small population size mean that there isn't likely to be a deep voucher demand. Tenants here could range from those who are financially stable and own their homes to those who are struggling with housing costs and might benefit from assistance programs. Landlords must be prepared to screen tenants carefully, given the limited data on local income and rental trends.
To make informed decisions, landlords and small-portfolio investors in 89404 should consider reaching out to local real estate agents or conducting surveys to gather more accurate data on the rental market and income levels. This will provide a clearer picture of the tenant pool and help in setting realistic expectations for rent prices and tenant eligibility for housing assistance programs.
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.