Location: Summers County, WV | Metro: Summers 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 | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $121,699 | 0.77% | D |
| 3BR | $1,250 | $188,174 | 0.66% | D |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 24935 in Hinton, WV, under the Section 8 program include significant tenant turnover. The market rent is currently unknown, but the Fair Market Rent (FMR) for the area is set at $870 per month for fiscal year 2026, indicating a reliance on the government's rental standards. This can lead to frequent changes in tenants, as vouchers are often temporary and tied to individual qualifications.
Vacancy exposure is another concern, with the days on market (DOM) being unspecified. A higher DOM suggests longer periods of vacancy, which can be financially burdensome for landlords. Given the typical home value of $154,230 and the median income of $37,135, there is also a risk of deferred maintenance. Landlords must ensure that properties meet the necessary standards, which can require substantial investments in upkeep and repairs.
However, these risks are somewhat mitigated by the high proportion of renters in the area, with 8.4% of the population renting their homes. High renter density typically translates into a greater demand for housing vouchers, ensuring a steady stream of potential tenants who qualify for the Section 8 program. This demographic characteristic can provide a consistent source of income, even if it requires navigating the complexities of government subsidies and tenant turnover.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and the need for regular property maintenance, the high renter density in ZIP 24935 makes it a moderate risk for a first-time Section 8 landlord. The demand for subsidized housing provides a stable tenant pool, offsetting some of the financial uncertainties associated with the program.
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.