Section 8 Fair Market Rent (FMR) for ZIP 25060 - 2027

Location: Raleigh County, WV | Metro: Raleigh County, WV HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$760
2 Bedrooms	$970
3 Bedrooms	$1,340
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

30.0%

Renter Occupied

To determine if you should buy in ZIP code 25060 for Section 8 investment, follow this decision tree:

Does the Fair Market Rent (FMR) of $930 cover your debt service?
- If yes: Proceed to the next question.
- If no: Do not invest in this area. The FMR is insufficient to meet your financial obligations.
Is the market rent above, at, or below the FMR?
- If above: This indicates strong demand and potential for higher returns, but also suggests competition. Consider further.
- If at or below: Market conditions align closely with FMR, reducing risk. Continue to the next assessment.
Are the 100.0% renters and N/A-day days on market (DOM) sufficient to ensure demand?
- If yes: There is ample demand for rental properties in this area, supporting a stable income stream. Invest.
- If no: Insufficient demand exists to support rental investments. Avoid investing.

The Fair Market Rent for ZIP 25060 in fiscal year 2024 is set at $930. This figure must first exceed the total monthly cost of servicing any mortgage or other debts associated with the property. If it does, the next step is to compare this amount with the prevailing market rent. If the market rent is at or below the FMR, it suggests that the rental income will be consistent with government guidelines, minimizing risk. However, if the market rent is above the FMR, it points towards a robust local rental market but also implies higher competition among landlords.

Lastly, evaluate the percentage of renters and the average DOM. A 100.0% rental rate signifies that all residents are renters, which is ideal for Section 8 properties. The DOM figure, however, is missing. A low DOM indicates quick leasing, while a high DOM suggests challenges in finding tenants. Given the complete rental rate, if the DOM is reasonable, there's a strong case for investment. Otherwise, the answer is contingent upon the DOM being sufficiently low to ensure rapid turnover.

In summary, the decision to invest in ZIP 25060 hinges on the FMR covering your debt service, the alignment between market rent and FMR, and the sufficiency of demand as indicated by the DOM. With the available data, if the FMR clears debt service and the DOM is favorable, the answer is yes. If not, proceed with caution or avoid investment.

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.