Location: Mingo County, WV | Metro: Mingo County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
To integrate ZIP 24851 into a Section 8 portfolio strategy, one must consider the specific characteristics of the area and how they align with investment goals. ZIP 24851, located in Mingo County, West Virginia, is best suited as a cash-flow anchor. This classification is based on the significant spread between the Fair Market Rent (FMR) for the $900 metro FY 2026 and the lack of available market data, which suggests that the rental rates are likely to be below the FMR, providing a stable and predictable cash flow.
The Fair Market Rent, set by the U.S. Department of Housing and Urban Development (HUD), represents the maximum amount of rent that can be charged for a unit under the Section 8 program. In ZIP 24851, the FMR is notably higher than the typical market rents, ensuring that landlords receive a consistent income even if market conditions fluctuate. This makes the area particularly attractive for landlords and small-portfolio investors looking to stabilize their cash flows with guaranteed rental income from the government.
While specific market data such as median home value and price-cut shares are not available, the median income figure of $44,234 provides insight into the economic profile of the area. Given the lower median income, the demand for affordable housing supported by Section 8 vouchers is likely to be strong, further solidifying the potential for steady cash flow.
The absence of detailed market data and the low renter share percentage (0.0%) indicate that appreciation plays are less likely to be successful in this area. The lack of significant appreciation potential means that the primary benefit of investing in ZIP 24851 is through stable rental income rather than property value growth.
In summary, ZIP 24851 serves as a cash-flow anchor within a Section 8 portfolio strategy due to the favorable spread between the FMR and expected market rents, combined with a strong demand for subsidized housing. This makes it an ideal choice for investors seeking reliable returns over the long term.
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.