Location: Pershing County, NV | Metro: Pershing County, NV
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $187,943 | 0.54% | F |
| 3BR | $1,410 | $267,498 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 89419, located in Lovelock, Nevada, represents a modest-sized community with a population of 4,595 individuals. Among these residents, 32.1% are renters, indicating a significant portion of the population relies on rental housing. The median household income in this area is $72,554, which provides a baseline for understanding the financial capabilities of potential tenants.
The market rent for the area is set at $715 per month, which equates to approximately 12% of the median household income. This percentage suggests that the typical rent is relatively affordable for most households, even when considering other living expenses. However, it's important to note that the Fair Market Rent (FMR), which is used to determine the amount of housing assistance payments for Section 8 vouchers, is significantly higher at $980 per month for fiscal year 2026 in the metro area. This discrepancy implies that the market rent in ZIP 89419 is below the FMR, potentially making it an attractive location for Section 8 tenants who can afford higher rents.
Landlords and small-portfolio investors in ZIP 89419 should expect a tenant pool that includes a mix of individuals who might be fully self-sufficient and those who rely on Section 8 vouchers. Given the lower market rent compared to the FMR, there is likely a strong demand for rental properties among voucher holders. These tenants will have their rent subsidized up to the FMR, meaning landlords could receive payments closer to $980 per month, depending on the tenant's income and the specifics of the voucher program.
In summary, ZIP 89419 is a renter-heavy area with a substantial demand for Section 8 vouchers. The median income level supports a reasonable affordability of market rents, and the gap between market rent and FMR indicates a favorable environment for landlords seeking stable, government-assisted tenants. The expected tenant profile includes individuals who benefit from the subsidy to cover a larger portion of the rent, ensuring timely and consistent payments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.