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Washoe County/Reno/89519

89519

ZIPSAFMR
Washoe County, NV
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,660$1,220
1 BR$1,900$1,390
2 BR$2,390$2,130
3 BR$3,190$2,900
4 BR$3,700$3,940
5 BR$4,255Not available
6 BR$4,893Not available
7 BR$5,627Not available
8 BR$6,471Not available

Purchase Price Calculator

Maximum purchase price
$254,601

Cost breakdown

+Likely effective rent$2,130
HUD FMR$2,390
Market rentUsed$2,130
Est. payment standard (93%)$2,220
-Principal and interest-$1,287
Loan amount$203,681
Down payment$50,920
Rate6.50%
Term30 years
-Operating costs-$643
Property taxes-$255
Insurance-$175
Utilities$0
HOA$0
Management-$213
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,074(66.9% ROI)
Projected value
$274,177
Return breakdown
Property appreciation+$19,576
Loan principal paid down+$7,297
Rental cash flow+$7,200
5-year hold
+$58,470(114.8% ROI)
Projected value
$288,057
Return breakdown
Property appreciation+$33,457
Loan principal paid down+$13,013
Rental cash flow+$12,000
10-year hold
+$126,318(248.1% ROI)
Projected value
$325,910
Return breakdown
Property appreciation+$71,310
Loan principal paid down+$31,008
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.36
1 BR
1.37
2 BR
1.12
3 BR
1.10
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 89519 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 89519 (Reno, NV) is $2,390 a month. That is down 4.8% from $2,510 in FY 2026. Reno is in the Reno, 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 $1,837. Among 39 ZIP codes in Washoe County, 89519 is tied for the 3rd-highest two-bedroom rent (county range $1,690–$2,500). The median county two-bedroom FMR in Nevada is $1,327, so ZIP 89519 is 80% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 89519
BedroomsFY 2027Change90–110% range
Studio$1,660−4.0%$1,494–$1,826
1BR$1,900−5.0%$1,710–$2,090
2BR$2,390−4.8%$2,151–$2,629
3BR$3,190−6.5%$2,871–$3,509
4BR$3,700−6.6%$3,330–$4,070

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 89519
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,660$1,900$2,390$3,190$3,700
FY 2026$1,730$2,000$2,510$3,410$3,960
FY 2025$1,630$1,890$2,380$3,290$3,850
FY 2024$1,480$1,730$2,180$3,070$3,680
FY 2023$1,460$1,730$2,180$3,100$3,710

Two-bedroom rent in nearby Washoe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 89519
89506$2,090−12.6%
89507$1,840−23.0%
89508$2,350−1.7%
89509$1,820−23.8%
89510$2,010−15.9%
89511$2,210−7.5%
89512$1,690−29.3%
89513$1,840−23.0%
89515$1,840−23.0%
89519Current$2,390—
89521$2,500+4.6%
89523$1,960−18.0%

Questions about ZIP 89519 rents

How much will Section 8 pay for a two-bedroom in ZIP 89519?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,837, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,653 to $2,021 a month; under the ZIP-level Small Area FMR of $2,390 it would be $2,151 to $2,629. 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 89519 in?

ZIP 89519 is in the Reno, NV HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,837.

How much did fair market rent change in ZIP 89519 for FY 2027?

The two-bedroom FMR fell 4.8%, from $2,510 in FY 2026 to $2,390 in FY 2027. Since FY 2023 it has risen 9.6%.

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