Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
ZIP code 25061, located within the Charleston, WV HUD Metro FMR Area, is best suited as a diversifier within a Section 8 portfolio strategy. The median income for this area is $55,962, which aligns well with the fiscal constraints of many Section 8 participants. With a 12.5% renter share, there is a significant demand for rental properties among those who qualify for government assistance.
The Fair Market Rent (FMR) for ZIP 25061 in Fiscal Year 2024 is set at $1000. This figure provides a benchmark for landlords to ensure their rental units are priced competitively within the guidelines. While specific market data such as median home value and recent sales prices were not available, the presence of a substantial renter population indicates that there will be steady demand for affordable housing options.
Investing in ZIP 25061 allows landlords to tap into a reliable stream of income through the Section 8 program, which guarantees timely payments and helps maintain occupancy rates. Additionally, diversifying into areas with different economic profiles can mitigate risks associated with market fluctuations in any single region.
While appreciation plays and cash-flow anchors might offer higher returns in more dynamic markets, ZIP 25061 serves as a stable component in a broader investment strategy. Its consistent demand and alignment with government assistance programs make it a valuable addition to a diversified portfolio.
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.