Location: Greenbrier 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 | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $291,301 | 0.46% | F |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 24957 through the Section 8 program are significant and must be carefully considered. Firstly, the tenant turnover rate can be a major concern, especially when comparing the market rent, which is currently unavailable, to the Fair Market Rent (FMR) of $980 per month for fiscal year 2026. This discrepancy can lead to frequent changes in occupancy, which may affect the stability and profitability of your property.
Vacancy exposure is another critical factor to evaluate. With the days on market (DOM) being unavailable, it's challenging to predict how long it might take to fill a vacant unit. However, even without specific DOM data, it's important to recognize that extended vacancy periods can significantly impact cash flow and overall investment returns.
The deferred maintenance exposure is also noteworthy. The typical home value in ZIP 24957 is $300,243, but the median income figure is not available. This lack of income data makes it difficult to assess whether tenants have the financial capacity to maintain their homes properly, potentially leading to higher repair costs for landlords.
Despite these challenges, there are mitigating factors that make ZIP 24957 an attractive location for Section 8 investments. The renter share of the population stands at 8.6%, indicating a relatively high concentration of renters who may rely on housing vouchers. This high renter density typically translates into greater demand for Section 8 properties, which can help stabilize occupancy rates and mitigate some of the risks associated with vacancy.
In conclusion, the investment risk for a first-time Section 8 landlord in ZIP 24957 is moderate. While there are uncertainties regarding tenant turnover and deferred maintenance, the high renter density suggests a robust demand for affordable housing, which can offset some of these risks.
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.