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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 24866 hinges significantly on the available data points for Fair Market Rent (FMR), which stands at $870 for the fiscal year 2026, and the median household income, noted at $38,852. With the absence of specific market rental rates and home values, we must rely heavily on the FMR and income data to gauge the potential yield and stability.
The yield potential for this ZIP code is moderate. The FMR of $870 provides a baseline for rental pricing that can be leveraged by landlords and small-portfolio investors. However, without comparative market rental rates or home values, it's challenging to assess how this FMR translates into a higher or lower yield when compared to other local markets. This ambiguity suggests a need for further localized research to determine precise yield opportunities.
In terms of stability, ZIP 24866 exhibits characteristics of a less stable market. Only 15.0% of residents are classified as renters, indicating a predominantly owner-occupied area. A lower percentage of renters typically means less demand for rental properties, which can lead to longer days on the market (DOM) for any rental units available. Although the exact DOM figure is missing, the low renter percentage implies that the market might struggle with quick turnovers. Additionally, the median household income of $38,852 is relatively modest, which could affect the ability of residents to afford higher rents or to maintain consistent rental payments.
Given these factors, ZIP 24866 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it occupies a middle ground where the potential for yield is present but tempered by the challenges posed by a less stable tenant base. The low renter percentage and modest income levels suggest that while there is room for rental pricing based on the FMR, the market is likely to be more challenging for achieving rapid property flips due to lower demand and potentially higher vacancy risks.
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.