Location: Summers County, WV | Metro: Greenbrier 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 | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $140,584 | 0.67% | D |
| 3BR | $1,240 | $199,170 | 0.62% | D |
| 4BR | $1,320 | $218,987 | 0.6% | D |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 24910, which encompasses Alderson, WV, and parts of Greenbrier and Summers Counties, reveals a favorable environment for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $870. This figure stands in contrast to the market rent reported by the Census ACS, which is $713. Given these numbers, voucher tenants in this region will cashflow at FMR, providing a significant buffer for property owners.
To further analyze the investment potential, consider the median home value in ZIP 24910, which is $182,200. Using the HUD FMR of $870, the rent-to-price ratio can be calculated. This ratio indicates that a property priced at the median would generate a monthly rental income that is approximately 0.48% of its total value. Such a ratio suggests that rental properties are relatively undervalued compared to their potential income generation, making them attractive to investors looking for steady returns.
In terms of the broader real estate market dynamics, the median days on market (DOM) and the percentage of homes that required price cuts are not available for this analysis. However, the absence of these metrics does not detract from the strength of the rental market, particularly for Section 8 investors. With voucher tenants paying above the market rate, there is less reliance on broader housing market trends such as DOM and price-cut percentages.
The strongest investor angle in ZIP 24910 is cashflow. The disparity between the HUD FMR and the market rent ensures that landlords can expect positive cashflow from voucher tenants, even when accounting for typical operating costs and vacancy rates. This makes Alderson and surrounding areas an ideal location for those seeking reliable rental income over speculative gains in property appreciation or market stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.