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)
The ZIP code 24867 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern due to the discrepancy between market rents and the $870 Fair Market Rent (FMR) for the fiscal year 2026 in the metro area. This difference can lead to higher turnover rates as tenants might struggle to afford the market rate once their voucher expires.
Vacancy exposure is another critical issue. With an average Days on Market (DOM) of N/A, landlords may face prolonged vacancies, especially if they set rental prices above the FMR. This extended period without income can strain cash flow and impact profitability.
Deferred maintenance poses a risk as well. Given the typical home value and median income figures are currently unavailable, it's difficult to assess the financial capacity of homeowners to maintain their properties. This uncertainty can translate into potential issues with property upkeep and compliance with housing standards required by Section 8.
However, these risks must be weighed against the fact that 0.0% of the population are renters. High renter density typically correlates with greater demand for Section 8 vouchers, which can stabilize occupancy rates. In ZIP 24867, the lack of renter data suggests a unique market where traditional metrics may not apply.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.