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 analysis of ZIP code 24898 reveals several key points that landlords and small-portfolio investors should consider.
First, let's examine if the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $870. However, due to the lack of available market rent data, it is impossible to make a direct comparison. Without a benchmark for current market rents, landlords cannot confidently determine if the FMR aligns with what tenants are willing to pay.
Second, regarding the affordability of acquisitions, the median home value is listed as N/A, which means there is insufficient data to assess whether buying properties in this ZIP code would be financially viable. Additionally, the average number of days on the market (DOM) and the percentage of homes requiring price cuts are also not provided, making it difficult to gauge how competitive the housing market is and how quickly properties can be sold or rented out.
Third, the tenant demand in ZIP 24898 must be scrutinized. With a total population of 311, only 0.0% of residents are renters. This indicates a very low demand for rental properties, suggesting that finding tenants could be challenging.
In conclusion, ZIP 24898 presents significant challenges for landlords and small-portfolio investors. The absence of crucial data such as market rent, median home values, DOM, and price-cut percentages makes it difficult to evaluate the financial feasibility of acquiring properties. Furthermore, the extremely low renter share of the population suggests that there is little to no demand for rental units. These factors collectively point towards an unfavorable environment for rental investments.
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.