Section 8 Fair Market Rent (FMR) for ZIP 24986 - 2027

Location: Pocahontas County, WV | Metro: Greenbrier County, WV

Investment Score for ZIP 24986

Monthly Rent (2BR)

$940

Median Price (2BR)

$132,352

1% Rule

0.71%

Annual Yield

8.52%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$770
2 Bedrooms	$940
3 Bedrooms	$1,170
4 Bedrooms	$1,280
5 Bedrooms	$1,485
6 Bedrooms	$1,663
7 Bedrooms	$1,796
8 Bedrooms	$1,886

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$770	$104,405	0.74%	D
2BR	$940	$132,352	0.71%	D
3BR	$1,170	$184,760	0.63%	D
4BR	$1,280	$315,474	0.41%	F
5BR	$1,485	$1,650,341	0.09%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,014

Median Household Income

$50,610

Housing Units

3,073

Renter Percentage

27.6%

Occupancy Rate

73.3%

Renter Occupied

622

White Sulphur Springs, WV, located in the heart of Greenbrier County, offers a unique blend of rural charm and historical significance. This area, known for its natural springs and the famous Greenbrier Resort, provides a stable environment for real estate investments, particularly for those interested in the rental market.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $880, indicating a steady demand for affordable housing options.
The market rent, as per the latest Census ACS data, stands at $848, slightly below the FMR but still reflective of a consistent rental price trend.
The median home value in White Sulphur Springs is $183,059, making it an attractive option for investors looking to purchase properties at reasonable prices.
Renters make up 27.6% of the local population, suggesting a significant portion of residents prefer leasing over homeownership, which can be beneficial for landlords.
Unfortunately, the data on days on market (DOM) is currently unavailable, which means we cannot provide insights into how quickly properties are selling or being leased.
The median household income in the area is $50,610, providing a context for the financial stability of potential tenants and buyers.

Investors should note that the rental market in White Sulphur Springs is robust, with the FMR and market rent showing little variance. The median home value indicates that purchasing property here remains relatively affordable compared to other regions. With a substantial share of renters, there is a strong demand for leasing options. However, the lack of DOM data limits our ability to assess the speed of property turnover. Given the median income, landlords can expect financially stable tenants who can afford the average rent, making White Sulphur Springs a viable investment location for those focused on the rental sector.

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.