Location: Boone County, WV | Metro: Boone County, WV HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 25051 is not a renter-heavy area but rather a homeowner-dominated region. With only 0.0% of the population renting, it indicates that there is little demand for rental properties, let alone those supported by Section 8 housing vouchers. This makes it unlikely that landlords will encounter a deep pool of tenants with vouchers.
The median household income in this ZIP code is $48,672, which provides a baseline for understanding the economic context of potential tenants. However, without specific market rent data, we cannot calculate the exact percentage of income that would be consumed by typical rent in the area. The Fair Market Rent (FMR) for ZIP 25051 is set at $850 for fiscal year 2024, which represents the maximum amount that a Section 8 voucher can cover for a standard rental unit.
To contextualize the income level against the FMR, we can infer that a household earning the median income would spend approximately 17.9% of their annual income on rent if they were paying the FMR. This calculation is derived from dividing the annualized FMR ($850 x 12 months) by the median household income ($48,672), suggesting that the cost of renting is relatively manageable compared to income levels.
Given the low percentage of renters, landlords in ZIP 25051 should prepare for a limited number of potential Section 8 tenants. Those who do apply for rentals are likely to be individuals or families whose incomes fall below the median, possibly relying on government assistance to meet their housing needs. Landlords should expect to deal with a smaller pool of tenants who may have specific financial constraints and require adherence to the guidelines and regulations associated with the Section 8 program.
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.