Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 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)
ZIP code 25057, located within the Fayette County, WV HUD Metro FMR Area, has a Fair Market Rent (FMR) of $870 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors operating within this county, as it directly influences the rental rates for Section 8 housing vouchers.
Comparatively, the FMR of $870 in ZIP 25057 aligns closely with the typical FMR range observed across other ZIP codes within Fayette County. However, the lack of available market rent and home value data for this specific ZIP suggests that it may be less developed or have fewer properties compared to other areas in the county. This absence of data can indicate a niche market where properties might be underutilized or undervalued relative to the broader area.
The 0.0% renter share in ZIP 25057 is noteworthy. This implies that virtually all residents in this area own their homes, which contrasts sharply with the higher renter shares typically seen in urban centers or densely populated areas. The combination of a defined FMR and zero renter share suggests that 25057 is not a typical sub-market for Section 8 rentals but rather an outlier. Landlords here should focus on owner-occupied housing opportunities or consider the potential for converting properties into rental units to attract Section 8 tenants.
Given the data, ZIP 25057 cannot be classified as a value pocket or a premium sub-market due to the absence of comparative market rent and home value figures. Instead, it appears to be a unique, predominantly owner-occupied neighborhood within the Fayette County, WV HUD Metro FMR Area. The lack of rental activity means that it is unlikely to be a 'sweet spot' for Section 8 investments, at least based on the current data.
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.