Location: Reno, NV | Metro: Reno, NV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
The ZIP code 89513, located in the Reno, NV HUD Metro FMR area, can serve as a cash-flow anchor in a Section 8 portfolio strategy. With the Fair Market Rent (FMR) for FY 2024 set at $1580, this figure represents the maximum amount that the government will pay for a two-bedroom rental unit under the Section 8 program. This is crucial because it provides a stable, predictable source of income for landlords participating in the program.
While specific market data such as median home value and median income are not currently available, the FMR of $1580 offers a solid benchmark for determining rental rates that align with government subsidies. This ensures that landlords receive consistent payments, mitigating risks associated with tenant defaults and providing a reliable cash flow.
Moreover, the lack of detailed local market data suggests that this area may be less volatile compared to larger metropolitan regions, which often experience rapid fluctuations in property values and rental demand. By anchoring a portion of their portfolio in ZIP 89513, landlords can stabilize their overall financial performance, especially during periods of economic uncertainty.
In conclusion, ZIP 89513 is well-suited as a cash-flow anchor within a Section 8 portfolio due to the guaranteed FMR payment of $1580. This stability can help balance the risks inherent in other investment strategies and provide landlords with a dependable income stream.
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.