Location: Mineral County, NV | Metro: Mineral County, NV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The ZIP code 89420, located within Mineral County, NV, presents a unique set of characteristics when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 89420 stands at $1,390 for fiscal year 2026, which is a critical figure for understanding the rental landscape. However, it's important to note that the specific market rent and home values for this ZIP code are not available, indicating a lack of detailed data beyond the government's FMR estimates.
The 0.0% renter share in ZIP 89420 is particularly noteworthy, suggesting that virtually all residents own their homes rather than renting. This contrasts sharply with the broader trends seen in many other ZIP codes within Mineral County, where rental properties play a more significant role in the housing market. The absence of rental activity in 89420 implies that it is not a primary target for landlords looking to participate in the Section 8 program, as there is little to no demand for rental units in this area.
Given the limited data, we can infer that ZIP 89420 is neither a value pocket nor a premium sub-market within its metro. Instead, it appears to be an outlier, primarily due to its extremely low renter share. Typically, areas with a high concentration of renters and lower-than-average home values might be considered attractive for Section 8 participation, but 89420 does not exhibit these traits. The lack of specific market rent and home value data prevents a more nuanced comparison with other ZIP codes, but the high FMR of $1,390 suggests that if rentals were present, they would likely be priced at or near this level.
In conclusion, while ZIP 89420 offers valuable insights into the homeownership-focused nature of certain neighborhoods within Mineral County, it does not present itself as a prime location for landlords interested in the Section 8 program. Its characteristics diverge significantly from what might be expected in a typical Section 8 sweet spot, where a higher renter share and lower home values usually indicate greater potential for subsidized housing opportunities.
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.