Nevada (NV)

STATESAFMR

Found 242 ZIPs

State Median Investment Score

68Below average

095130300

BR	Rent	3Y CAGR
0 BR	$783 - $1,310Median: $1,279	2.6%
1 BR	$855 - $1,460Median: $1,435	1.4%
2 BR	$1,014 - $1,837Median: $1,686	0.9%
3 BR	$1,404 - $2,452Median: $2,317	0.0%
4 BR	$1,695 - $2,842Median: $2,652	-1.0%

Market Alignment

Studio

Studio- 11 ZIPs

0.45-0.62ratio range

Median FMR$1,110

Median Market$2,070

vs market-$960

FMR is below market; voucher rent may lag private rents.

Studio- 7 ZIPs

0.64-0.68ratio range

Median FMR$1,279

Median Market$1,910

vs market-$631

FMR is below market; voucher rent may lag private rents.

Studio- 7 ZIPs

0.69-0.73ratio range

Median FMR$1,279

Median Market$1,830

vs market-$551

FMR is below market; voucher rent may lag private rents.

Studio- 9 ZIPs

0.74-0.77ratio range

Median FMR$1,310

Median Market$1,740

vs market-$430

FMR is below market; voucher rent may lag private rents.

Studio- 35 ZIPs

0.78-0.81ratio range

Median FMR$1,310

Median Market$1,680

vs market-$370

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.82-0.86ratio range

Median FMR$1,310

Median Market$1,550

vs market-$240

FMR is below market; voucher rent may lag private rents.

Studio- 5 ZIPs

0.86-0.88ratio range

Median FMR$1,310

Median Market$1,490

vs market-$180

FMR is below market; voucher rent may lag private rents.

Studio- 6 ZIPs

0.91-0.93ratio range

Median FMR$1,310

Median Market$1,420

vs market-$110

FMR is near market; voucher and private rents are aligned.

Studio- 11 ZIPs

0.95-0.97ratio range

Median FMR$1,310

Median Market$1,370

vs market-$60

FMR is near market; voucher and private rents are aligned.

Studio- 3 ZIPs

0.98-1.02ratio range

Median FMR$1,310

Median Market$1,300

vs market+$10

FMR is near market; voucher and private rents are aligned.

Studio- 6 ZIPs

1.03-1.05ratio range

Median FMR$1,310

Median Market$1,265

vs market+$45

FMR is near market; voucher and private rents are aligned.

Studio- 8 ZIPs

1.07-1.09ratio range

Median FMR$1,310

Median Market$1,215

vs market+$95

FMR is near market; voucher and private rents are aligned.

Studio- 6 ZIPs

1.10-1.14ratio range

Median FMR$1,310

Median Market$1,175

vs market+$135

FMR is above market; underwrite to market rent.

Studio- 10 ZIPs

1.15-1.19ratio range

Median FMR$1,310

Median Market$1,110

vs market+$200

FMR is above market; underwrite to market rent.

Studio- 6 ZIPs

1.21-1.25ratio range

Median FMR$1,310

Median Market$1,055

vs market+$255

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.29ratio

FMR$1,279

Market$990

vs market+$289

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.31ratio

FMR$1,310

Market$1,000

vs market+$310

FMR is above market; underwrite to market rent.

Studio- 3 ZIPs

1.35-1.42ratio range

Median FMR$1,310

Median Market$950

vs market+$360

FMR is above market; underwrite to market rent.

0.45-1.42

1 BR

1 BR- 9 ZIPs

0.51-0.63ratio range

Median FMR$1,435

Median Market$2,360

vs market-$925

FMR is below market; voucher rent may lag private rents.

1 BR- 4 ZIPs

0.66-0.67ratio range

Median FMR$1,180

Median Market$1,765

vs market-$585

FMR is below market; voucher rent may lag private rents.

1 BR- 7 ZIPs

0.69-0.72ratio range

Median FMR$1,219

Median Market$1,720

vs market-$501

FMR is below market; voucher rent may lag private rents.

1 BR- 10 ZIPs

0.73-0.76ratio range

Median FMR$1,283

Median Market$1,705

vs market-$422

FMR is below market; voucher rent may lag private rents.

1 BR- 8 ZIPs

0.77-0.81ratio range

Median FMR$1,435

Median Market$1,825

vs market-$390

FMR is below market; voucher rent may lag private rents.

1 BR- 44 ZIPs

0.82-0.85ratio range

Median FMR$1,435

Median Market$1,750

vs market-$315

FMR is below market; voucher rent may lag private rents.

1 BR- 6 ZIPs

0.86-0.90ratio range

Median FMR$1,435

Median Market$1,625

vs market-$190

FMR is below market; voucher rent may lag private rents.

1 BR- 7 ZIPs

0.90-0.94ratio range

Median FMR$1,435

Median Market$1,570

vs market-$135

FMR is near market; voucher and private rents are aligned.

1 BR- 5 ZIPs

0.94-0.98ratio range

Median FMR$1,435

Median Market$1,510

vs market-$75

FMR is near market; voucher and private rents are aligned.

1 BR- 8 ZIPs

0.98-1.02ratio range

Median FMR$1,435

Median Market$1,450

vs market-$15

FMR is near market; voucher and private rents are aligned.

1 BR- 8 ZIPs

1.03-1.06ratio range

Median FMR$1,435

Median Market$1,390

vs market+$45

FMR is near market; voucher and private rents are aligned.

1 BR- 8 ZIPs

1.06-1.10ratio range

Median FMR$1,435

Median Market$1,330

vs market+$105

FMR is near market; voucher and private rents are aligned.

1 BR- 11 ZIPs

1.10-1.14ratio range

Median FMR$1,435

Median Market$1,280

vs market+$155

FMR is above market; underwrite to market rent.

1 BR- 5 ZIPs

1.16-1.20ratio range

Median FMR$1,435

Median Market$1,240

vs market+$195

FMR is above market; underwrite to market rent.

1 BR- 1 ZIP

1.21ratio

FMR$1,435

Market$1,190

vs market+$245

FMR is above market; underwrite to market rent.

1 BR- 3 ZIPs

1.27-1.29ratio range

Median FMR$1,435

Median Market$1,110

vs market+$325

FMR is above market; underwrite to market rent.

1 BR- 3 ZIPs

1.32-1.34ratio range

Median FMR$1,435

Median Market$1,070

vs market+$365

FMR is above market; underwrite to market rent.

0.51-1.34

2 BR

2 BR- 5 ZIPs

0.60-0.64ratio range

Median FMR$1,837

Median Market$2,920

vs market-$1,083

FMR is below market; voucher rent may lag private rents.

2 BR- 5 ZIPs

0.65-0.68ratio range

Median FMR$1,594

Median Market$2,380

vs market-$786

FMR is below market; voucher rent may lag private rents.

2 BR- 5 ZIPs

0.70-0.72ratio range

Median FMR$1,686

Median Market$2,350

vs market-$664

FMR is below market; voucher rent may lag private rents.

2 BR- 3 ZIPs

0.76-0.77ratio range

Median FMR$1,149

Median Market$1,500

vs market-$351

FMR is below market; voucher rent may lag private rents.

2 BR- 11 ZIPs

0.77-0.81ratio range

Median FMR$1,453

Median Market$1,820

vs market-$367

FMR is below market; voucher rent may lag private rents.

2 BR- 9 ZIPs

0.81-0.85ratio range

Median FMR$1,686

Median Market$2,040

vs market-$354

FMR is below market; voucher rent may lag private rents.

2 BR- 15 ZIPs

0.86-0.90ratio range

Median FMR$1,686

Median Market$1,940

vs market-$254

FMR is below market; voucher rent may lag private rents.

2 BR- 44 ZIPs

0.90-0.94ratio range

Median FMR$1,686

Median Market$1,810

vs market-$124

FMR is near market; voucher and private rents are aligned.

2 BR- 12 ZIPs

0.94-0.97ratio range

Median FMR$1,686

Median Market$1,785

vs market-$99

FMR is near market; voucher and private rents are aligned.

2 BR- 14 ZIPs

0.98-1.02ratio range

Median FMR$1,686

Median Market$1,680

vs market+$6

FMR is near market; voucher and private rents are aligned.

2 BR- 9 ZIPs

1.02-1.05ratio range

Median FMR$1,686

Median Market$1,640

vs market+$46

FMR is near market; voucher and private rents are aligned.

2 BR- 2 ZIPs

1.07-1.10ratio range

Median FMR$1,762

Median Market$1,625

vs market+$137

FMR is near market; voucher and private rents are aligned.

2 BR- 6 ZIPs

1.11-1.13ratio range

Median FMR$1,686

Median Market$1,500

vs market+$186

FMR is above market; underwrite to market rent.

2 BR- 5 ZIPs

1.16-1.19ratio range

Median FMR$1,686

Median Market$1,450

vs market+$236

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.23ratio

FMR$1,686

Market$1,370

vs market+$316

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.32ratio

FMR$1,686

Market$1,280

vs market+$406

FMR is above market; underwrite to market rent.

0.60-1.32

3 BR

3 BR- 2 ZIPs

0.58ratio range

Median FMR$2,452

Median Market$4,230

vs market-$1,778

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.65ratio

FMR$2,452

Market$3,750

vs market-$1,298

FMR is below market; voucher rent may lag private rents.

3 BR- 2 ZIPs

0.69-0.71ratio range

Median FMR$2,207

Median Market$3,160

vs market-$953

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.74ratio

FMR$1,771

Market$2,390

vs market-$619

FMR is below market; voucher rent may lag private rents.

3 BR- 2 ZIPs

0.80ratio range

Median FMR$2,165

Median Market$2,715

vs market-$551

FMR is below market; voucher rent may lag private rents.

3 BR- 11 ZIPs

0.81-0.85ratio range

Median FMR$2,012

Median Market$2,420

vs market-$408

FMR is below market; voucher rent may lag private rents.

3 BR- 8 ZIPs

0.87-0.89ratio range

Median FMR$2,012

Median Market$2,315

vs market-$303

FMR is below market; voucher rent may lag private rents.

3 BR- 7 ZIPs

0.94-0.98ratio range

Median FMR$2,317

Median Market$2,460

vs market-$143

FMR is near market; voucher and private rents are aligned.

3 BR- 4 ZIPs

0.98-1.02ratio range

Median FMR$2,385

Median Market$2,380

vs market+$5

FMR is near market; voucher and private rents are aligned.

3 BR- 8 ZIPs

1.02-1.06ratio range

Median FMR$2,452

Median Market$2,350

vs market+$102

FMR is near market; voucher and private rents are aligned.

3 BR- 11 ZIPs

1.06-1.09ratio range

Median FMR$2,317

Median Market$2,180

vs market+$137

FMR is near market; voucher and private rents are aligned.

3 BR- 13 ZIPs

1.11-1.15ratio range

Median FMR$2,317

Median Market$2,050

vs market+$267

FMR is above market; underwrite to market rent.

3 BR- 44 ZIPs

1.15-1.19ratio range

Median FMR$2,317

Median Market$1,940

vs market+$377

FMR is above market; underwrite to market rent.

3 BR- 17 ZIPs

1.20-1.24ratio range

Median FMR$2,317

Median Market$1,900

vs market+$417

FMR is above market; underwrite to market rent.

3 BR- 13 ZIPs

1.25-1.28ratio range

Median FMR$2,317

Median Market$1,820

vs market+$497

FMR is above market; underwrite to market rent.

3 BR- 3 ZIPs

1.30-1.32ratio range

Median FMR$2,317

Median Market$1,750

vs market+$567

FMR is above market; underwrite to market rent.

0.58-1.32

4 BR

4 BR- 3 ZIPs

0.51-0.55ratio range

Median FMR$2,842

Median Market$5,280

vs market-$2,438

FMR is below market; voucher rent may lag private rents.

4 BR- 2 ZIPs

0.70-0.71ratio range

Median FMR$2,753

Median Market$3,900

vs market-$1,147

FMR is below market; voucher rent may lag private rents.

4 BR- 3 ZIPs

0.74-0.76ratio range

Median FMR$2,652

Median Market$3,500

vs market-$848

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.80ratio

FMR$2,842

Market$3,570

vs market-$728

FMR is below market; voucher rent may lag private rents.

4 BR- 5 ZIPs

0.82-0.86ratio range

Median FMR$2,652

Median Market$3,130

vs market-$478

FMR is below market; voucher rent may lag private rents.

4 BR- 10 ZIPs

0.86-0.89ratio range

Median FMR$2,429

Median Market$2,820

vs market-$391

FMR is below market; voucher rent may lag private rents.

4 BR- 6 ZIPs

0.90-0.93ratio range

Median FMR$2,747

Median Market$2,995

vs market-$248

FMR is near market; voucher and private rents are aligned.

4 BR- 8 ZIPs

0.94-0.98ratio range

Median FMR$2,652

Median Market$2,750

vs market-$98

FMR is near market; voucher and private rents are aligned.

4 BR- 41 ZIPs

0.98-1.02ratio range

Median FMR$2,652

Median Market$2,670

vs market-$18

FMR is near market; voucher and private rents are aligned.

4 BR- 9 ZIPs

1.02-1.06ratio range

Median FMR$2,652

Median Market$2,570

vs market+$82

FMR is near market; voucher and private rents are aligned.

4 BR- 13 ZIPs

1.06-1.10ratio range

Median FMR$2,652

Median Market$2,460

vs market+$192

FMR is near market; voucher and private rents are aligned.

4 BR- 13 ZIPs

1.10-1.15ratio range

Median FMR$2,652

Median Market$2,370

vs market+$282

FMR is above market; underwrite to market rent.

4 BR- 10 ZIPs

1.15-1.19ratio range

Median FMR$2,652

Median Market$2,265

vs market+$387

FMR is above market; underwrite to market rent.

4 BR- 6 ZIPs

1.21-1.23ratio range

Median FMR$2,652

Median Market$2,190

vs market+$462

FMR is above market; underwrite to market rent.

4 BR- 5 ZIPs

1.26-1.30ratio range

Median FMR$2,652

Median Market$2,100

vs market+$552

FMR is above market; underwrite to market rent.

4 BR- 1 ZIP

1.31ratio

FMR$2,652

Market$2,020

vs market+$632

FMR is above market; underwrite to market rent.

4 BR- 11 ZIPs

1.37-1.82ratio range

Median FMR$2,652

Median Market$1,900

vs market+$752

FMR is above market; underwrite to market rent.

0.51-1.82

0.700.800.901.001.101.201.30aligned range

Bedroom curve

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Nevada fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 17 counties in Nevada. The median county two-bedroom FMR is $1,327. That is down 4.7% from $1,393 in FY 2026. Two-bedroom FMRs run from $1,014 in Pershing County to $1,837 in Storey County. 4 HUD metropolitan FMR areas cover 5 of those counties; each county in the same metro area shares one FMR. No area in Nevada is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Nevada
County	2BR	Change	HUD FMR area
Storey County	$1,837	−1.8%	Reno, NV HUD Metro FMR Area
Washoe County	$1,837	−1.8%	Reno, NV HUD Metro FMR Area
Clark County	$1,686	−2.8%	Las Vegas-Henderson-North Las Vegas, NV MSA
Douglas County	$1,594	−0.7%	Non-metro
Carson City	$1,453	−6.0%	Carson City, NV MSA
Elko County	$1,400	−8.5%	Non-metro
Churchill County	$1,369	−3.7%	Non-metro
Esmeralda County	$1,342	−8.8%	Non-metro
Eureka County	$1,327	−4.7%	Non-metro
Lyon County	$1,279	+0.6%	Lyon County, NV HUD Metro FMR Area
Mineral County	$1,254	−10.0%	Non-metro
Humboldt County	$1,247	−5.0%	Non-metro
White Pine County	$1,190	−9.5%	Non-metro
Lander County	$1,168	−5.5%	Non-metro
Nye County	$1,149	−5.8%	Non-metro
Lincoln County	$1,068	−2.5%	Non-metro
Pershing County	$1,014	+2.9%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Nevada
Metro area	Counties	2BR
Reno, NV HUD Metro FMR Area	2	$1,837
Las Vegas-Henderson-North Las Vegas, NV MSA	1	$1,686
Carson City, NV MSA	1	$1,453
Lyon County, NV HUD Metro FMR Area	1	$1,279

Questions about Nevada rents

What is the fair market rent in Nevada?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Nevada is $1,327. Look up the county or ZIP code to see the value that applies to a specific property.

Which Nevada counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Storey County ($1,837), Washoe County ($1,837), Clark County ($1,686).

Does Nevada use Small Area Fair Market Rents?

No area in Nevada is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Nevada counties Nevada cities Nevada ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027