Section 8 Fair Market Rent (FMR) for ZIP 25009 - 2027

Location: Boone County, WV | Metro: Boone County, WV HUD Metro FMR Area

Investment Score for ZIP 25009

N/A

Monthly Rent (2BR)

$940

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$660
1 Bedroom	$720
2 Bedrooms	$940
3 Bedrooms	$1,260
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

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
3BR	$1,260	$121,618	1.04%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

870

Median Household Income

$66,042

Housing Units

330

Renter Percentage

3.1%

Occupancy Rate

97.6%

Renter Occupied

The ZIP code 25009, located in West Virginia, offers a unique blend of affordability and community charm, making it an intriguing market for real estate investors, particularly those interested in the Section 8 program. The area's low-cost living environment and manageable property values present opportunities for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for the ZIP code 25009 for fiscal year 2024 is set at $850. This figure represents the maximum amount that can be charged for a unit under the Section 8 program, providing a clear benchmark for rental pricing.
The median home value in the area stands at $85,997, indicating a relatively affordable market for property acquisition and management.
Renters make up only 3.1% of the population, which suggests a smaller demand for rental properties compared to owner-occupied homes, potentially impacting the competition among landlords.
The median income in ZIP 25009 is $66,042, which can influence the number of potential tenants who qualify for the Section 8 program.
Note that the specific data points for market rent and days on market (DOM) are currently unavailable, which might require further research to understand the local rental dynamics and property turnover rates.

Given the low median home value and the established FMR, the ZIP 25009 presents a balanced opportunity for Section 8 investors. However, the limited share of renters in the area could mean a smaller pool of potential tenants, necessitating careful tenant screening and possibly focusing on families with children. The median income provides insight into the financial capabilities of residents, but without market rent and DOM data, additional local investigation would be prudent to fully assess the rental market conditions.

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.