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 | $680 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $92,390 | 1.05% | B |
| 3BR | $1,280 | $151,617 | 0.84% | C |
| 4BR | $1,370 | $179,823 | 0.76% | D |
U.S. Census Bureau data (2024)
The ZIP code 24747, located in Rock, WV, presents an interesting balance between yield and stability for real-estate investors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, while the market rent is slightly lower at $907. Given the median home value of $127,275, the yield potential is relatively strong. Landlords can expect to generate a healthy cash flow with rents close to the FMR, making it a promising area for investment.
Turning to stability, the ZIP code reveals a mixed picture. With 26.9% of residents being renters, there is a decent demand for rental properties, ensuring a stable tenant pool. However, the lack of data on the number of days on market (DOM) indicates uncertainty about how quickly properties can be leased out. This absence of information could be a red flag for some investors, suggesting that market conditions might fluctuate.
The median household income in the area is $48,203, which is a critical factor in assessing the stability of rental income. A higher median income generally correlates with lower risk of default, but in this case, the income level is moderate. This suggests that while there is a reliable tenant base, it may not be as financially robust as areas with higher incomes.
Based on these figures, ZIP 24747 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The yield is solid due to the favorable rent-to-home-value ratio, but the stability indicators point to a need for caution. The moderate income levels and unknown DOM suggest that while the area offers good returns, it also requires careful management to ensure consistent occupancy and payment.
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.