FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR
0.79ratio
FMR$1,230
Market$1,560
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR
0.78ratio
FMR$1,520
Market$1,940
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR
0.96ratio
FMR$2,080
Market$2,160
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
1.09ratio
FMR$2,490
Market$2,290
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.09
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 89428 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 89428 (Silver City, NV) is $1,520 a month. That is down 3.8% from $1,580 in FY 2026. Silver City is in the Lyon County, NV HUD Metro 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 metro-wide two-bedroom FMR of $1,279. Among 10 ZIP codes in Lyon County, 89428 has the 3rd-highest two-bedroom rent (county range $1,150–$1,690). The median county two-bedroom FMR in Nevada is $1,327, so ZIP 89428 is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 89428
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,160
−2.5%
$1,044–$1,276
1BR
$1,280
$1,230
−3.9%
$1,107–$1,353
2BR
$1,580
$1,520
−3.8%
$1,368–$1,672
3BR
$2,190
$2,080
−5.0%
$1,872–$2,288
4BR
$2,610
$2,490
−4.6%
$2,241–$2,739
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 89428
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,230
$1,520
$2,080
$2,490
FY 2026
$1,190
$1,280
$1,580
$2,190
$2,610
FY 2025
$1,150
$1,250
$1,530
$2,140
$2,550
FY 2024area FMR
$1,006
$1,052
$1,225
$1,726
$2,079
FY 2023area FMR
$834
$926
$1,097
$1,559
$1,869
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 89428?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,279, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,151 to $1,407 a month; under the ZIP-level Small Area FMR of $1,520 it would be $1,368 to $1,672. 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 89428 in?
ZIP 89428 is in the Lyon County, NV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,279.
How much did fair market rent change in ZIP 89428 for FY 2027?
The two-bedroom FMR fell 3.8%, from $1,580 in FY 2026 to $1,520 in FY 2027. Since FY 2025 it has fallen 0.7%.
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