Section 8 Fair Market Rent (FMR) for ZIP 05481 - 2027

FY 2027 Fair Market Rent Rates

The classification of ZIP code 05481 in West Virginia hinges on the available data points for fiscal year 2024, particularly focusing on the Federal Market Rent (FMR) of $1570. Due to the lack of specific market rent and home value figures, we must rely heavily on the FMR to assess the potential yield.

Yield: With an FMR of $1570, properties in ZIP 05481 can generate a relatively high rental income compared to the broader market, assuming the absence of comparable local market rent data indicates that the FMR is indeed reflective of what tenants are willing to pay. This suggests a higher yield potential, especially if landlords can acquire properties at a cost below the implied rental value.

Stability: The assessment of stability is more challenging without specific percentages for the proportion of renters, days on market (DOM), and median household income. However, the availability of FMR data alone does not indicate instability; it merely means that other indicators are necessary to fully evaluate the market's stability. In the absence of these figures, we cannot conclusively determine the level of stability.

Given the limited data, ZIP 05481 appears to be positioned as a potentially high-yield market, but its stability remains uncertain. To definitively classify this area, additional metrics such as the percentage of renters, average DOM, and median household income would be required to understand the risk factors involved. Landlords and small-portfolio investors should proceed with caution, seeking out more detailed local real estate reports to make informed decisions about investment opportunities in this ZIP code.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.