Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 25007 in fiscal year 2024 is set at $930. This figure represents the payment standard for landlords participating in the Section 8 program, which means it's the maximum amount the Housing Choice Voucher program will pay toward rent for a unit in this area. It's important to note that this is not the rent you'll charge your tenant; rather, it's the ceiling on what the government will contribute.
While the local median rent is listed as N/A, we can still make informed decisions based on the FMR. The fact that the renter share is 0.0% indicates that there is a significant demand for affordable housing in this area. Landlords should be aware that while the government pays up to $930, tenants are required to cover the difference between this amount and the actual rent, typically contributing 30% of their income toward housing costs.
To put the $930 into perspective, consider that the median household income in ZIP 25007 is approximately $124,566. This suggests that the average resident might not rely on Section 8 vouchers, but there is a segment of the population that does need assistance to afford housing. Landlords who choose to participate in the Section 8 program in this ZIP code can expect to receive a steady stream of rental payments from the government, provided they meet the eligibility criteria and maintain their properties according to HUD standards.
If you're considering entering the Section 8 market in ZIP 25007, one key verification step is to ensure your property meets the quality standards set by the Department of Housing and Urban Development (HUD). These standards, known as the Housing Quality Standards (HQS), must be met before you can begin renting to a Section 8 tenant. Failure to comply with HQS can result in penalties or disqualification from the program.
In summary, the FMR of $930 in ZIP 25007 is a critical benchmark for landlords looking to participate in the Section 8 program. With a strong demand for affordable housing and a clear set of guidelines to follow, it can be a reliable source of income. However, landlords must confirm that their property meets the necessary HQS requirements to avoid any issues down the line.
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.