Section 8 Fair Market Rent (FMR) for ZIP 24839 - 2027

Location: Wyoming County, WV | Metro: Wyoming County, WV

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

495

Median Household Income

$39,355

Housing Units

214

Renter Percentage

22.3%

Occupancy Rate

86.0%

Renter Occupied

The ZIP code 24839 is located in the rural areas of Virginia, offering a tranquil setting that attracts both residents seeking a peaceful lifestyle and investors looking for undervalued real estate opportunities. The region's charm lies in its blend of natural beauty and accessibility to urban amenities, making it a viable option for those interested in the rental market.

The Fair Market Rent (FMR) for ZIP 24839 is set at $870 for the fiscal year 2026, indicating a stable rental price point for one-bedroom units.
While the exact market rent is currently unavailable, the FMR provides a reliable benchmark for assessing rental values in the area.
The median home value is not available, but this ZIP code's high renter share of 22.3% suggests a significant portion of the population is already renting, which could indicate strong demand for rental properties.
Average days on market (DOM) is also not available, but given the rural setting and potential scarcity of housing options, rental properties are likely to attract tenants quickly once advertised.
The median income for the area is $39,355, which aligns well with the FMR, suggesting that local residents can afford the rents without financial strain.
Rental properties in ZIP 24839 offer a solid investment opportunity due to the significant number of renters and the reasonable rental rates relative to the median income.

In summary, ZIP 24839 presents a balanced rental market with a strong foundation in the Fair Market Rent and median income figures. Despite the lack of specific market rent and median home value data, the substantial renter share and the likely quick occupancy times make this area appealing for landlords and small-portfolio investors. The combination of these factors suggests a low-risk, steady-income investment environment, suitable for those looking to diversify their property portfolio in a less competitive rural market.

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.