Location: Monroe 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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $282,339 | 0.44% | F |
U.S. Census Bureau data (2024)
In ZIP code 24925, the Section 8 program operates under specific economic guidelines that directly impact landlords and small-portfolio investors. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $910. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent under the Section 8 Housing Choice Voucher program.
The SAFMR is specifically tailored for this ZIP code, meaning it reflects the local rental market conditions more accurately than a broader metro or county-level FMR would. However, the local market rent for a two-bedroom unit is currently not available, which makes direct comparisons challenging but underscores the importance of understanding the SAFMR in isolation.
A landlord participating in the Section 8 program receives payments from the government to cover the difference between the tenant's contribution and the total rent. The tenant is required to pay 30% of their adjusted income toward rent. For simplicity, let’s assume an average adjusted income for a tenant in ZIP 24925 is $1,200 per month. In this case, the tenant would contribute $360 (30% of $1,200) towards the rent.
The remaining balance is covered by the housing authority up to the SAFMR limit. Therefore, if the total rent for a two-bedroom unit is $910, the housing authority would pay the landlord $550 ($910 - $360) to make up the difference. It's important to note that the total rent cannot exceed the SAFMR of $910, ensuring that landlords receive a predictable, capped amount from the government.
Beyond the base rent, there are also utility allowances that can be factored into the overall payment. These allowances vary based on the type of utilities required and the size of the unit. For a two-bedroom apartment, the utility allowance might range from $200 to $300 per month, depending on the specifics of the contract and the local standards set by the housing authority.
To illustrate, if the utility allowance is $250, then the landlord could potentially receive an additional $250 to cover utilities, bringing the total monthly reimbursement to $800 ($550 for rent + $250 for utilities).
This means that for a two-bedroom unit with a rent of $910, the landlord would have a reimbursement gap of $110 per month. This gap represents the shortfall between the actual rent charged and the total amount reimbursed by the housing authority and the tenant. Conversely, if the market rent were lower than $910, the landlord might receive a surplus, meaning the total reimbursement exceeds the actual rent.
Given the SAFMR of $910 and the tenant contribution of $360, landlords should adjust their expectations and rental pricing strategies accordingly to ensure they are financially compensated appropriately when participating in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.