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 ZIP code 24887 is located in Northfork, West Virginia, a small rural community that offers a tranquil living environment.
The Fair Market Rent for the area is set at $870 for fiscal year 2026, indicating a modest rental market. The median home value stands at $107,900, reflecting the overall affordability of the region. With a 21% renter share, there is a significant portion of the population seeking rental properties. Properties take an average of 56 days to sell, which is longer than typical urban markets but aligns with the slower pace of rural real estate transactions. The median income of $32,962 suggests that the majority of residents have limited financial resources, making it essential for landlords and small-portfolio investors to offer affordable options to attract tenants.
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.