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Clark County/Las Vegas/89148

89148

ZIPSAFMR
Clark County, NV
Zillow

ZIP Investment Score

55Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460$1,500
1 BR$1,600$1,560
2 BR$1,880$1,840
3 BR$2,580$1,960
4 BR$2,960$2,300
5 BR$3,404Not available
6 BR$3,915Not available
7 BR$4,502Not available
8 BR$5,177Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMR$1,880
Market rentUsed$1,840
Est. payment standard (99%)$1,850
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
1.03
2 BR
1.02
3 BR
1.32
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 89148 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 89148 (Las Vegas, NV) is $1,880 a month. That is down 4.6% from $1,970 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, 89148 has the 34th-highest two-bedroom rent (county range $1,570–$2,530). The median county two-bedroom FMR in Nevada is $1,327, so ZIP 89148 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 89148
BedroomsFY 2027Change90–110% range
Studio$1,460−3.3%$1,314–$1,606
1BR$1,600−4.8%$1,440–$1,760
2BR$1,880−4.6%$1,692–$2,068
3BR$2,580−5.8%$2,322–$2,838
4BR$2,960−5.7%$2,664–$3,256

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 89148
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,460$1,600$1,880$2,580$2,960
FY 2026$1,510$1,680$1,970$2,740$3,140
FY 2025$1,460$1,640$1,940$2,720$3,150
FY 2024$1,400$1,590$1,900$2,680$3,160
FY 2023$1,260$1,460$1,750$2,490$2,960

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 89148
89142$1,610−14.4%
89143$2,040+8.5%
89144$2,090+11.2%
89145$1,760−6.4%
89146$1,620−13.8%
89147$1,960+4.3%
89148Current$1,880—
89149$1,990+5.9%
89150$1,690−10.1%
89151$1,690−10.1%
89152$1,690−10.1%
89153$1,690−10.1%

Questions about ZIP 89148 rents

How much will Section 8 pay for a two-bedroom in ZIP 89148?

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 $1,880 it would be $1,692 to $2,068. 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 89148 in?

ZIP 89148 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 89148 for FY 2027?

The two-bedroom FMR fell 4.6%, from $1,970 in FY 2026 to $1,880 in FY 2027. Since FY 2023 it has risen 7.4%.

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 rentLas Vegas, NV fair market rentNV statewide rentsWhat is SAFMR?Data sources