Location: Pocahontas County, WV | Metro: Pocahontas County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The ZIP code 24915 stands out in its county with a unique data signature that includes 505 residents, where only 16.2% are renters. The median income in this area is $44,000, indicating a middle-class community. The median home value is significantly higher at $169,353, suggesting that homeownership is valued and financially feasible for many residents.
In terms of Section 8 economics, the Fair Market Rent (FMR) for ZIP 24915 is set at $870 for fiscal year 2026, which is notably higher than the current market rent of $723 as reported by the Census Bureau's American Community Survey (ACS). This gap between the FMR and market rent presents an opportunity for landlords and small-portfolio investors who can benefit from the higher reimbursement rates provided by the Section 8 program, ensuring a steady and reliable income stream.
The data signature for ZIP 24915 reads as stable, with a low percentage of renters and high median home values. However, the potential for increased rental income through Section 8 vouchers could be seen as transitional for those considering entering the rental market in this area. Landlords should prepare for a mix of tenants, including those using vouchers, which could shift the local rental landscape slightly towards being more transitional over time.
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.