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ZIP Code · NV

ZIP 89408

Part of Fernley, NV
Pop. 24,564·Lyon County·28th most expensive ZIP in Nevada
Median rent (all units)
$2,032/mo
Year-over-Year
+13.7%
Month-over-Month
+7.5%
vs US Median
+$70
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 89408 · $2,032
More expensive than 62% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,260
2 BR
$1,490
3 BR
$2,070
4 BR+
$2,500
Research median
$1,490/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$24,384/yr
At $2,032/mo median
Location
StateNV
CountyLyon County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.7% YoY, +7.5% MoM), not inventory.
Demographics

Who lives here

ZIP 89408 (Fernley, NV) is majority owner-occupied, has a median income above the national average, 16.4% of residents hold a bachelor's degree or higher.

Population
24,564
Median income
$89,552
Median age
36.3
Renters
28.3%
Age distribution
23.5%
24.3%
27%
15.2%
Under 1823.5%
18–3424.3%
35–5427%
55–6410%
65+15.2%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
72.4%
21.5%
White72.4%
Black1%
Hispanic21.5%
Asian2%
Other3.1%
Education (25+)
35.5%
37.9%
16.4%
No HS diploma10.2%
HS diploma35.5%
Some college37.9%
Bachelor's+16.4%
Housing tenure
71.7%
28.3%
Owner71.7%
Renter28.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 89408 in Fernley, NV has changed in 5 years

Rent
$1,399 → $2,032
up 45.2%
Income
$77,659 → $89,552
up 15.3%
Population
22,971 → 24,564
up 6.9%
Renter share
25.8% → 28.3%
+2.5 pts
Bachelor's+
14.8% → 16.4%
+1.6 pts

Five years ago, renters in ZIP 89408 in Fernley, NV paid around $1,399 a month. That figure now sits near $2,032, up 45.2% from the 2021 baseline. On the earnings side, the typical household in ZIP 89408 in Fernley, NV now reports about $89,552, up from $77,659 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 89408 in Fernley, NV adding about 1,593 residents over the five-year window, up 6.9% on net. The renter share has risen from 25.8% to 28.3%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 89408 in Fernley, NV reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 89408

About renting in ZIP 89408

Last updated: August 17, 2026

ZIP code 89408 covers Fernley, NV. The median rent here is $2,032/mo as of August 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,490/mo.

At 27% of local median household income ($89,552/yr), ZIP 89408 ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 89408?

As of August 17, 2026, the median monthly rent in ZIP 89408 (Fernley, NV) is $2,032. This is based on aggregated data from public sources and community submissions.

How does ZIP 89408 rent compare to the US average?

ZIP 89408's median rent of $2,032/mo is $70 (4%) above the US national median of $1,962/mo.

How does ZIP 89408 compare to other ZIPs in Nevada?

ZIP 89408 is one of the pricier ZIP codes in Nevada, ranking #28 out of 82 ZIPs tracked at $2,032/mo.

How much income do you need to rent in ZIP 89408?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,032/mo in ZIP 89408. The local median household income is $89,552/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 89408?

Rent in ZIP 89408 has increased 13.7% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 89408 an affordable place to rent?

ZIP 89408 is considered affordable for renters. At $2,032/mo, rent takes approximately 27% of the local median household income ($89,552/yr). The standard benchmark is 30%. ZIP 89408 falls comfortably within that range.

What percentage of ZIP 89408 residents rent vs. own?

According to Census data, approximately 28.3% of ZIP 89408 households are renters, while 71.7% are owner-occupied. ZIP 89408 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 89408 compare to the rest of Fernley?

ZIP 89408 sits right at the Fernley citywide median of $2,032/mo.

When was rent data for ZIP 89408 last updated?

Rent data for ZIP 89408 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $2,032/mo, rent takes ~27% of ZIP 89408's median household income ($89,552/yr). The standard benchmark is 30%.

ZIP 89408 27%Benchmark 30%
State income taxNone
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