Location: Nye County, NV | Metro: Nye County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 89409 stands out due to its unique demographic characteristics and limited housing market data. With only 237 residents, it is one of the least populated ZIP codes, making every rental unit significant. Currently, 23.9% of these residents rent their homes, indicating a smaller but notable rental market presence.
Despite the scarcity of detailed economic indicators such as median income and median home value, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a clear benchmark. The FMR for ZIP 89409 is set at $1,220, which represents the maximum amount that a landlord can charge for a Section 8 voucher holder. This figure is critical for landlords and small-portfolio investors as it directly influences the potential rental income they can expect from tenants participating in the Section 8 program.
The absence of market rent data makes it challenging to compare the FMR against local conditions. However, the FMR serves as a guideline for setting rental rates for subsidized units. Given the small population and the lack of comprehensive economic data, the ZIP code 89409 appears to be in a transitional phase. As more data becomes available, it will offer clearer insights into the stability of the rental market and the overall economic situation within the ZIP code.
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.