Location: Mercer County, WV | Metro: Mercer County, WV
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $140,212 | 0.9% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP code 24733 reveals a unique blend of characteristics that define it as neither a high-yield/low-stability flip-style market nor a steady-cashflow zone, but rather a middle-ground scenario for real estate investment. The Federal Market Rent (FMR) for the area stands at $900 for the fiscal year 2026, which is notably lower than the typical market rent figures that are currently unavailable. However, this lower FMR does not necessarily indicate low stability; it can be seen as an opportunity to secure rental income at a fixed rate.
The median home value in ZIP 24733 is $121,421, a figure that is relatively modest compared to other areas. This suggests that the real estate market here is affordable, making it attractive for first-time investors looking to enter the market without a large initial capital outlay. The yield potential, therefore, is moderate given the FMR and median home values.
Stability in the market is influenced by factors such as the percentage of renters, days on market (DOM), and median household income. For ZIP 24733, there is no available data for these metrics. The lack of data on the percentage of renters and DOM indicates a less active market, possibly due to fewer properties being listed or a higher concentration of owner-occupied homes. Without specific figures on median household income, it's challenging to gauge the economic stability of the area and the ability of residents to sustain rental payments.
In conclusion, ZIP 24733 offers a moderate yield scenario with a median home value of $121,421 and an FMR of $900 for FY 2026. The stability of the market remains uncertain due to the absence of key metrics like the percentage of renters, DOM, and median income. This makes the area a cautious investment choice, suitable for those who are willing to accept moderate risk for moderate returns. Landlords and small-portfolio investors should conduct further research to understand the local market dynamics better before committing to investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.