Location: Carson City, NV | Metro: Carson City, NV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
To classify ZIP code 89712 in Unknown, NV, on the axes of yield and stability, we need to analyze the available data points. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1360. However, critical information such as market rent, home values, percentage of renters, days on market (DOM), and median household income is not provided, making it challenging to fully assess the stability of the market.
The yield can be gauged from the FMR, which indicates the maximum amount that a landlord can charge for a rental property under the Section 8 program. With an FMR of $1360, landlords can expect to receive a fixed rental income, assuming their properties meet the necessary criteria and they secure tenants through the Section 8 program. This figure represents a stable yield since it is guaranteed by the government, unlike market rents which can fluctuate.
Without specific data on the percentage of renters, days on market, and median household income, we cannot accurately measure the stability of the market. These metrics would help us understand the demand for rentals and the financial health of potential tenants. For instance, a higher percentage of renters and lower DOM suggest a more stable rental market, while higher median household income implies a better ability to pay rent consistently.
In the absence of these stability indicators, we can conclude that ZIP 89712 offers a clear yield advantage due to the defined FMR. However, it is impossible to determine whether this is a high-yield/low-stability market suitable for quick flips or a steady-cashflow zone for long-term investments. More comprehensive data is required to make a precise classification.
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.