Location: Wyoming County, WV | Metro: Wyoming 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 | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $90,707 | 1.41% | A |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 24827 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment is set at $870 per month for fiscal year 2026. This figure represents the maximum amount that the Housing Choice Voucher program will pay for rent in this specific ZIP code.
A landlord participating in the Section 8 program should understand that the total rent paid by a tenant includes both their share and the government subsidy. Typically, the tenant is responsible for paying approximately 30% of their adjusted income towards rent. If the tenant's income is $1,500 per month, their portion would be around $450.
In addition to the tenant's payment, the landlord also receives an allowance for utilities. The exact amount varies but is usually a fixed sum based on the size of the unit and local utility costs. For a two-bedroom apartment in ZIP 24827, let's assume the utility allowance is $150 per month.
This means that the landlord would receive a total of $600 ($450 from the tenant + $150 utility allowance) plus the $870 from the government subsidy, totaling $1,470 per month.
However, it's important to note that if the local market rent for a two-bedroom apartment exceeds the SAFMR of $870, the landlord will not receive additional funds from the government. In ZIP 24827, the local market rent is currently not available, which makes it difficult to determine if there is a surplus or a gap. But assuming the market rent is higher than $870, the landlord would face a shortfall between the actual market rent and the government subsidy.
To illustrate, if the market rent for a two-bedroom apartment in ZIP 24827 is $1,000 per month, the landlord would receive only $870 from the government subsidy. Adding the tenant's contribution and utility allowance brings the total to $1,470, which is still below the market rent. Therefore, the landlord would need to adjust the rent to $870 or less to fully utilize the Section 8 voucher without facing a financial gap.
If the market rent is lower than $870, the landlord could potentially receive the full market rent plus the utility allowance, resulting in a surplus. For example, if the market rent is $750, the landlord would receive $750 from the market rent, $150 from the utility allowance, and $870 from the government subsidy, totaling $1,770 per month.
In conclusion, the typical reimbursement for a two-bedroom apartment in ZIP 24827 under the Section 8 program is $1,470 per month. Landlords must carefully consider the local market conditions to determine whether they will experience a surplus or a gap when renting to tenants with vouchers.
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.