Location: Wyoming County, WV | Metro: Wyoming County, WV
| 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 |
U.S. Census Bureau data (2024)
ZIP 24834, located in Wyoming County, West Virginia, presents itself as an ideal diversifier within a Section 8 portfolio strategy. The median income in this area stands at $59,397, which indicates a moderate economic environment that does not support high-end housing but is suitable for rental properties. The lack of available market data on home values suggests limited opportunities for significant appreciation plays, making it less attractive for investors focused solely on capital gains.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. This figure represents the maximum rent that can be charged to Section 8 tenants, providing a clear guideline for cash flow expectations. However, without specific market data, it is difficult to determine the exact spread between FMR and market rents, which would typically inform whether this ZIP code serves as a cash-flow anchor.
A key factor supporting the diversifier classification is the 12.0% renter share of the population. This percentage is indicative of a community where a notable portion of residents rely on rental housing, creating a steady demand for affordable units. Landlords and small-portfolio investors should focus on maintaining properties that meet the needs of this demographic, ensuring they remain competitive and attractive to potential tenants.
In conclusion, ZIP 24834 is best positioned as a diversifier in a Section 8 portfolio due to its moderate median income and significant renter population. It offers stability through consistent demand for rental properties, though appreciation potential appears limited based on the available data.
Data Sources: FMR data from HUD (2027). 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.