Section 8 Fair Market Rent (FMR) for ZIP 89432 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 89432 in Nevada for fiscal year 2024 is set at $1580. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It does not dictate the amount you can charge tenants for rent but rather the maximum amount that the government will pay towards a tenant's rent if they are part of the program.

In ZIP 89432, the FMR of $1580 is the benchmark for determining whether your rental property qualifies for the Section 8 program. If your rent exceeds this amount, the difference must be paid by the tenant, which could affect their ability to afford living in your property.

The data shows that the median rent in the area is currently listed as N/A, making it difficult to compare directly with the FMR. However, the percentage of renters in the area is N/A%, indicating a significant portion of the population relies on rental housing. This suggests there is demand for rental properties, including those that might participate in the Section 8 program.

The average home value in ZIP 89432 is also listed as N/A, which would typically help investors understand the acquisition costs of potential rental properties. While this specific detail is missing, the FMR can still provide a good guideline for setting rents that align with the financial capabilities of Section 8 participants.

Before deciding to take the plunge into a Section 8 rental, verify that your property meets the required quality standards known as the Housing Quality Standards (HQS). This ensures that the property is safe and livable, a prerequisite for participating in the program.

Data Sources: FMR data from HUD (2027).

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.