Location: Wyoming County, WV | Metro: Wyoming County, WV
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $62,102 | 1.51% | A+ |
| 3BR | $1,280 | $90,784 | 1.41% | A |
| 4BR | $1,290 | $114,263 | 1.13% | B |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 24874, Pineville, WV, reveals a favorable environment for investors seeking stable returns. The HUD Fair Market Rent (FMR) for the Pineville metro area is set at $870 for fiscal year 2026. In contrast, the Census ACS reports an average market rent of $541 for the same area. This significant gap between the HUD FMR and the actual market rent means that voucher tenants will generate positive cash flow at the FMR rate.
To further analyze the investment potential, consider the median home value in Pineville, which stands at $76,309. Using this figure, we can calculate a rent-to-price ratio. For instance, a rental property priced at $541 per month would equate to approximately $6,492 annually, resulting in a rent-to-price ratio of about 8.5%. This ratio indicates that rental income can cover a substantial portion of the property's value, making it attractive for buy-and-hold strategies.
However, the dynamics of the local real estate market also play a crucial role. The median Days on Market (DOM) and the percentage of properties that experience price cuts are not available for this region. These metrics are important for understanding the speed of sales and the competitiveness of the housing market. Despite this lack of data, the strong cash flow generated by voucher tenants remains the most compelling factor for investors.
The strongest investor angle in Pineville, WV, is undoubtedly cash flow. With the HUD FMR significantly higher than the market rent, landlords and small-portfolio investors can expect consistent and positive cash flow from Section 8 tenants, providing a solid foundation for long-term investment success.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.