Location: Pocahontas County, WV | Metro: Pocahontas County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,220 |
| 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 24920, located in Pocahontas County, WV, reveals several key points that are crucial for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for the area is set at $870 for fiscal year 2026. However, the market rent data is currently unavailable, making it difficult to directly compare the two figures. This absence of market rent data suggests that the area might have limited rental activity, which could impact the feasibility of rental operations.
Acquisition appears to be relatively affordable with a median home value of $123,024. The lack of specific data on days on market (DOM) and the percentage of homes needing price cuts indicates a stable housing market, but further investigation into these metrics would provide a clearer picture of how easy or challenging it is to acquire properties in this area.
Tenant demand is modest given the ZIP code's population of 356 individuals, with 20.7% of residents being renters. This low renter share implies a smaller pool of potential tenants, which could affect occupancy rates and the overall viability of rental investments.
Verdict: While the acquisition cost is low, the uncertain rent math and modest tenant demand suggest caution. Investors should focus on properties below the median home value and consider the potential for lower-than-average occupancy rates due to the limited number of renters. Despite the challenges, the affordability of property acquisition makes ZIP 24920 an option worth considering for those willing to manage a smaller rental portfolio carefully.
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.