Location: Boone County, WV | Metro: Boone County, 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 | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $91,713 | 1.1% | B |
| 3BR | $1,340 | $151,152 | 0.89% | C |
| 4BR | $1,690 | $206,069 | 0.82% | C |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP 25053, Danville, WV, are significant and should be carefully considered. Tenant turnover is a major concern, with the market rent at $597 being less than half of the Fair Market Rent (FMR) of $1010 for FY 2024. This disparity suggests that tenants might seek higher-paying opportunities outside the subsidized housing program, leading to frequent moves. Vacancy exposure is another issue, as the Days on Market (DOM) data is not available, making it difficult to predict how long a property might remain unoccupied. Additionally, the typical home value of $122,505 contrasts sharply with the median income of $58,667, indicating a potential struggle for landlords to cover maintenance costs without assistance from tenants.
However, these risks are tempered by the high renter share of 31.5%. High renter density typically correlates with increased demand for rental properties, including those accepting Section 8 vouchers. This demand can help mitigate some of the financial risks associated with tenant turnover and vacancy periods.
In summary, the risk for a first-time Section 8 landlord in ZIP 25053 is moderate.
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.