Location: Lyon County, NV | Metro: Lyon County, NV HUD Metro FMR Area
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 | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $594,959 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 89430 stands as a market in motion, reflecting the intricate balance between supply and demand in the real estate sector. With a Fair Market Rent (FMR) of $1,190 for fiscal year 2026, the rental market is clearly defined, although the current market rent remains unspecified. This suggests that while there is a benchmark for what is considered fair rent, the actual rental rates might be fluctuating or less stable.
The median home value in ZIP 89430 is $599,174, indicating a robust homeownership market. However, the absence of data on the percentage of homes offered at a price cut and the days on market (DOM) implies that sellers are not feeling significant pressure to lower their asking prices or rush to sell. This could point towards a scenario where demand matches or slightly exceeds supply, maintaining steady home values without the need for aggressive pricing strategies.
A 13.1% renter share suggests that the majority of residents in this area prefer homeownership over renting. This dynamic can exert long-term housing pressure as it indicates a strong desire among individuals to own property rather than lease it. Over time, this trend may lead to increased competition among buyers, driving up home values further and potentially making it more challenging for renters to transition into homeownership.
In summary, ZIP 89430 presents a market where homeownership is favored, with steady home values and a defined benchmark for rental prices. The relatively low renter share points to sustained interest in owning homes, which can contribute to ongoing housing pressure and maintain the stability of the real estate market.
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.