Location: Lincoln County, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 25003, Alum Creek, WV, in fiscal year 2024 is set at $900. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the housing authority to determine the maximum subsidy allowed.
In comparison, the average rent in the area, according to Census ACS data, is $784. This indicates that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in the Section 8 program.
The 25.2% renter share in Alum Creek suggests a moderate demand for rental properties. This percentage shows the proportion of households that rent rather than own their homes, indicating a steady pool of potential tenants who might benefit from the Section 8 program.
If you're looking to acquire a property in this ZIP code, the median home value is around $138,545. This figure gives you an idea of the typical cost for a home in the area, which can help you assess whether a Section 8 rental makes financial sense for your investment portfolio.
Before committing to a Section 8 rental, verify that the property meets all required safety and habitability standards. The housing authority will inspect the property to ensure it adheres to these guidelines, so having it pre-inspected and any necessary repairs completed beforehand can save you time and avoid delays in securing a tenant.
Data Sources: FMR data from HUD (2027). 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.