Clark County/Las Vegas/89103

89103

ZIPSAFMR

Clark County, NV

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ZIP Investment Score

72Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,200	$1,150	1.4%
1 BR	$1,340	$1,290	1.0%
2 BR	$1,570	$1,450	0.4%
3 BR	$2,180	$2,090	0.0%
4 BR	$2,490	$2,350	-1.2%
5 BR	$2,864	Not available	-1.2%
6 BR	$3,293	Not available	-1.2%
7 BR	$3,787	Not available	-1.2%
8 BR	$4,355	Not available	-1.2%

Purchase Price Calculator

Maximum purchase price

$153,553

Cost breakdown

+Likely effective rent$1,450

HUD FMR$1,570

Market rentUsed$1,450

Est. payment standard (95%)$1,490

-Principal and interest-$776

Loan amount$122,842

Down payment$30,711

Rate6.50%

Term30 years

-Operating costs-$474

Property taxes-$154

Insurance-$175

Utilities$0

HOA$0

Management-$145

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$23,408(76.2% ROI)

Projected value

$165,360

Return breakdown

Property appreciation+$11,807

Loan principal paid down+$4,401

Rental cash flow+$7,200

5-year hold

+$40,027(130.3% ROI)

Projected value

$173,731

Return breakdown

Property appreciation+$20,178

Loan principal paid down+$7,848

Rental cash flow+$12,000

10-year hold

+$85,709(279.1% ROI)

Projected value

$196,561

Return breakdown

Property appreciation+$43,008

Loan principal paid down+$18,701

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.04ratio

FMR$1,200

Market$1,150

vs market+$50

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

1.04

1 BR

1.04ratio

FMR$1,340

Market$1,290

vs market+$50

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

1.04

2 BR

1.08ratio

FMR$1,570

Market$1,450

vs market+$120

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

1.08

3 BR

1.04ratio

FMR$2,180

Market$2,090

vs market+$90

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

1.04

4 BR

1.06ratio

FMR$2,490

Market$2,350

vs market+$140

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

1.06

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 89103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 89103 (Las Vegas, NV) is $1,570 a month. That is down 3.1% from $1,620 in FY 2026. Las Vegas is in the Las Vegas-Henderson-North Las Vegas, NV MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,686. Among 114 ZIP codes in Clark County, 89103 is tied for the 88th-highest two-bedroom rent (county range $1,570–$2,530). The median county two-bedroom FMR in Nevada is $1,327, so ZIP 89103 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 89103
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,240	$1,200	−3.2%	$1,080–$1,320
1BR	$1,380	$1,340	−2.9%	$1,206–$1,474
2BR	$1,620	$1,570	−3.1%	$1,413–$1,727
3BR	$2,250	$2,180	−3.1%	$1,962–$2,398
4BR	$2,580	$2,490	−3.5%	$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 89103
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,200	$1,340	$1,570	$2,180	$2,490
FY 2026	$1,240	$1,380	$1,620	$2,250	$2,580
FY 2025	$1,210	$1,360	$1,610	$2,260	$2,610
FY 2024	$1,150	$1,300	$1,550	$2,180	$2,580
FY 2023	$1,020	$1,180	$1,420	$2,020	$2,400

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 89103
89101	$1,570	0.0%
89102	$1,570	0.0%
89103Current	$1,570	—
89104	$1,570	0.0%
89105	$1,690	+7.6%
89106	$1,570	0.0%
89107	$1,570	0.0%
89108	$1,650	+5.1%
89109	$1,570	0.0%
89110	$1,570	0.0%
89111	$1,690	+7.6%
89112	$1,690	+7.6%

Questions about ZIP 89103 rents

How much will Section 8 pay for a two-bedroom in ZIP 89103?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,686, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,517 to $1,855 a month; under the ZIP-level Small Area FMR of $1,570 it would be $1,413 to $1,727. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 89103 in?

ZIP 89103 is in the Las Vegas-Henderson-North Las Vegas, NV MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,686.

How much did fair market rent change in ZIP 89103 for FY 2027?

The two-bedroom FMR fell 3.1%, from $1,620 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 10.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Las Vegas, NV fair market rent NV statewide rents What is SAFMR?Data sources