Location: Logan County, WV | Metro: Boone County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 25047 stands out due to its unique data signature, which includes a very small resident population of only 146 individuals. Notably, there are no renters recorded in this area, indicating that all residents own their homes. The median income in ZIP 25047 is $39,250, which is significantly lower than the national average. However, the median home value is listed as N/A, suggesting limited data availability for this metric.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 25047 is set at $850 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors who participate in the Section 8 program, as it determines the maximum rental amount that can be subsidized. Despite the FMR being established, the market rent is also listed as N/A, which means there is insufficient data to provide a comparison between the FMR and the actual market rates in this ZIP code. This lack of market data could pose challenges for landlords trying to price their properties competitively while adhering to the Section 8 guidelines.
Given the small size of the resident population and the absence of rental units, the data signature for ZIP 25047 reads as stable. There is little indication of transitional changes such as an influx of new residents or shifts towards a higher percentage of rentals. Landlords should focus on maintaining properties within the FMR guidelines and consider the local economic context when setting rents. With a low median income, there may be fewer potential tenants able to contribute to the rent beyond the voucher amount, so pricing strategies must be carefully considered.
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.