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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $248,757 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 24977, located within the Greenbrier County, WV metro area, has a Fair Market Rent (FMR) of $880 for fiscal year 2026. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher holder in this area. The lack of market rent data for ZIP 24977 makes direct comparisons challenging, but we can infer some insights based on the available information.
The median home value in ZIP 24977 is $232,802. This is a critical metric for landlords and investors, as it reflects the overall housing market value. In comparison to typical ZIP codes within Greenbrier County, this home value could be considered average to slightly above average, depending on the county-wide statistics. However, without specific data on other ZIP codes, we cannot definitively categorize 24977 as either a value pocket, mid-tier neighborhood, or a premium sub-market.
The renter share in ZIP 24977 is 18.2%, indicating that nearly one in five residents are renters. This percentage suggests a moderate demand for rental properties, which is important for landlords and investors interested in the rental market. A higher-than-average renter share with below-metro home values can signal a potential sweet spot for Section 8 investments, as it may indicate a concentration of affordable rental units.
To determine if ZIP 24977 is a value pocket, mid-tier neighborhood, or a premium sub-market, we would need comparative data on FMR, market rents, home values, and renter shares from other ZIP codes in Greenbrier County. If 24977's FMR is significantly lower than the county average, while maintaining a relatively high renter share, it could indeed represent a value pocket where landlords can benefit from the Section 8 program without facing extremely high competition from other rental properties.
Investors should also consider the broader economic context of Greenbrier County, including employment rates, population growth, and local amenities, as these factors influence the attractiveness of the area to both homeowners and renters. The presence of a substantial number of renters in an area with lower-than-average home values might suggest that 24977 is particularly suited for Section 8 investments, offering a balance between manageable property costs and a stable tenant base.
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.