Location: Nicholas County, WV | Metro: Charleston, WV HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $130,817 | 0.92% | C |
U.S. Census Bureau data (2024)
ZIP code 25043, located within Nicholas County, WV, presents an interesting snapshot when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 25043 stands at $850 for fiscal year 2024, while the market rent is lower at $659. This indicates that the actual rental rates are below what HUD deems fair for the area, potentially suggesting a value pocket for landlords looking to offer affordable housing options.
The median home value in 25043 is $107,712, which is notably lower than many other areas in the county. This could mean that 25043 is a more economically challenged neighborhood, where residents might be seeking affordable rental solutions. With a 43.1% renter share, it's clear that a significant portion of the population is already renting, making it a prime location for landlords to serve this demand.
The combination of a below-average market rent and a below-metro median home value, coupled with a relatively high renter share, suggests that 25043 could be a sweet spot for Section 8 housing. Landlords who can offer units at or near the $659 market rate would likely attract tenants eligible for Section 8 assistance, given the area's economic profile and the availability of rental properties.
In summary, ZIP code 25043 appears to be a value pocket within the Nicholas County, WV metro. It offers opportunities for landlords to provide affordable housing and attract Section 8 tenants, due to its low market rent and median home value in conjunction with a substantial renter population.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.