Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
62.5% of residents in ZIP code 25025 are renters, indicating a strong demand for rental properties. The Fair Market Rent (FMR) for the area is set at $1130 for zip code 25025, FY 2024, which represents the maximum amount that a landlord can charge for a Section 8 voucher. This figure is crucial for landlords and small-portfolio investors looking to understand the rental market's ceiling. Despite the high percentage of renters, specific data on market rent, median home value, median income, days on market (DOM), and price-cut share are currently unavailable. However, the existing data suggest that the rental market is robust, with a significant portion of the population relying on rented accommodation.
The $1130 FMR is a benchmark that landlords should consider when setting their rental rates to ensure compliance with HUD guidelines. Given the 62.5% renter share, it's evident that many tenants will be seeking affordable housing options, making Section 8 vouchers an attractive proposition for both landlords and tenants. While the lack of detailed market data poses some challenges, the high renter share suggests that there is a steady demand for rental units, which can be met through Section 8 participation.
Landlords in ZIP code 25025 should be aware of the FMR and adjust their rents accordingly to maximize their chances of attracting tenants with Section 8 vouchers. The absence of other key metrics such as median home value and median income means that investors must rely on the FMR and renter share to gauge the overall health of the local housing market. However, the strong rental demand indicates a potentially stable and predictable investment environment.
In conclusion, for landlords and small-portfolio investors in ZIP code 25025, participating in the Section 8 program with a maximum rent of $1130 aligns well with the 62.5% renter share, offering a reliable stream of tenants and rent payments.
Section 8 Verdict: Recommended.
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.