Location: McDowell County, WV | Metro: McDowell County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
The yield, measured by the Fair Market Rent (FMR) for a two-bedroom apartment set at $870 per month for fiscal year 2026, aligns with the metro average. This suggests that the rental income potential is moderate, neither exceeding nor falling below the typical yields seen in the broader metropolitan area.
Regarding stability, there are several key indicators missing such as the percentage of renters, days on market (DOM), and median household income. However, the consistency of the FMR with the metro average implies a stable rental market. The absence of significant fluctuations in the FMR compared to previous years also points towards stability. Specifically, rents in this area have increased by approximately 1.5%, matching the HUD estimate, which indicates a predictable market trend.
To further assess stability, it would be beneficial to have additional metrics such as the percentage of residents who are renters and the median days on market for properties. These figures would provide insight into the turnover rate and the demand for rental units, both of which are critical factors for long-term investment planning.
Given the limited data, ZIP 24843 appears to be a steady-cashflow zone rather than a high-yield/low-stability market. Landlords and small-portfolio investors can expect consistent returns, but the potential for exceptionally high yields is not evident from the current FMR data alone.
In conclusion, while the yield is aligned with the metro average, indicating a solid cash flow, the lack of specific stability metrics prevents a definitive classification. For a more precise analysis, additional data on local rental trends and economic conditions would be necessary.
Data Sources: FMR data from HUD (2027).
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.