Location: Charleston, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 25036 is located in a small community where the total population stands at 159 individuals. A significant portion, 60.5%, are renters, indicating a notable demand for rental properties. The median household income in this area is $59,167, which suggests a moderate economic status among residents. However, the median home value is not available, implying a lack of substantial homeownership data.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 25036 as of the fiscal year 2024 is set at $940. This figure represents the benchmark for rental prices eligible under the Section 8 program. Unfortunately, there is no data available for the market rent in this area, making it difficult to compare the FMR with typical local rental rates. Despite this gap, the FMR provides a clear guideline for landlords participating in the Section 8 program.
Given these conditions, ZIP 25036 is better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The high percentage of renters and the established FMR of $940 indicate a stable rental market, but the absence of detailed market rent data and the limited population size suggest that opportunities for significant property enhancements or value additions might be constrained. For landlords and small-portfolio investors looking to manage their investments with minimal intervention, this ZIP code presents a viable option due to the steady demand for rental units and the clarity provided by the FMR.
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.