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 89422 has a population of 119 individuals, with 0.0% identified as renters. This indicates that the area is predominantly homeowner-dominated rather than a renter-heavy zone. Consequently, the demand for rental properties using Section 8 vouchers is likely to be scarce. The median household income for this ZIP code is not available, which makes it challenging to directly compare the income levels to the market rent. However, given the lack of renters, it can be inferred that the typical rent in the area is not representative of a larger tenant pool.
The Fair Market Rent (FMR) for the metropolitan area, as of FY 2026, is set at $1,390. This figure serves as a benchmark for rental prices in areas where Section 8 vouchers are utilized. Since the median household income is N/A, we cannot calculate the precise percentage of local income that goes towards typical rent. Nevertheless, in homeowner-dominated areas, landlords should anticipate a smaller number of potential Section 8 tenants due to the limited rental market presence.
The tenant profile in 89422 will likely consist of a few individuals who may require assistance through housing vouchers but are overshadowed by the majority of homeowners. Landlords should prepare for a niche market and possibly fewer applications from those utilizing Section 8 vouchers compared to more densely populated rental markets. Due to the scarcity of renters, competition for voucher holders might not be as fierce, but the overall volume of such tenants is expected to be low.
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.