FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.98ratio
FMR$1,050
Market$1,070
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR
0.86ratio
FMR$1,370
Market$1,590
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.95ratio
FMR$1,900
Market$2,000
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR
0.97ratio
FMR$2,120
Market$2,190
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.97
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
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ZIP 89407 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 89407 (Fallon, NV) is $1,370 a month. That is down 3.5% from $1,420 in FY 2026. Fallon is in the Churchill County, NV non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,369. Among 4 ZIP codes in Churchill County, 89407 is tied for the 2nd-highest two-bedroom rent (county range $1,370–$1,500). The median county two-bedroom FMR in Nevada is $1,327, so ZIP 89407 is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 89407
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,040
−3.7%
$936–$1,144
1BR
$1,080
$1,050
−2.8%
$945–$1,155
2BR
$1,420
$1,370
−3.5%
$1,233–$1,507
3BR
$1,970
$1,900
−3.6%
$1,710–$2,090
4BR
$2,170
$2,120
−2.3%
$1,908–$2,332
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 89407
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,050
$1,370
$1,900
$2,120
FY 2026
$1,080
$1,080
$1,420
$1,970
$2,170
FY 2025
$950
$990
$1,300
$1,820
$2,110
FY 2024area FMR
$822
$920
$1,209
$1,704
$2,052
FY 2023area FMR
$707
$824
$1,058
$1,504
$1,802
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Churchill County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 89407?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,369, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,232 to $1,506 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 89407 in?
ZIP 89407 is in the Churchill County, NV non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,369.
How much did fair market rent change in ZIP 89407 for FY 2027?
The two-bedroom FMR fell 3.5%, from $1,420 in FY 2026 to $1,370 in FY 2027. Since FY 2025 it has risen 5.4%.
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