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 real estate landscape in ZIP code 89427 presents a unique set of conditions that are critical for both landlords and small-portfolio investors to understand. The median home value is currently not available, which can indicate either a scarcity of recent sales data or a less active housing market. However, it's essential to consider this alongside the fact that N/A% of listings have been reduced, suggesting a trend where sellers are adjusting their prices downward due to limited demand. Additionally, the median days on market (DOM) being N/A days signals a potential slowdown in sales activity, indicating that homes may be taking longer to sell compared to a more robust market.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,390, while the current market rent stands at $592 according to Census ACS data. This significant gap between the FMR and the actual market rent suggests that there is considerable upside potential for rental income in this ZIP code, especially if the market adjusts to meet or approach the FMR levels.
For long-term investors, the setup implied by the data points towards a cautious but potentially rewarding strategy. Given the lack of available appreciation data, it's prudent to focus on the rental income dynamics. The substantial difference between the current market rents and the projected FMRs indicates that properties in ZIP 89427 could see increased rental values over time, aligning with broader economic adjustments and housing demand trends. This upward pressure on rents can provide a stable and growing source of income for those willing to hold onto their investments for an extended period.
However, the implications of the current listing reductions and DOM trends should not be overlooked. These factors suggest that the market may be experiencing a period of adjustment, which could impact the immediate resale value of properties. Investors should be prepared for a market that might require patience and strategic planning to navigate effectively.
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.