Location: Nicholas County, WV | Metro: Charleston, 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 | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $182,497 | 0.68% | D |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 25063 reveal a market in flux, influenced heavily by the balance between supply and demand. The Fair Market Rent (FMR) for the area stands at $850 for fiscal year 2024, indicating a clear benchmark for rental pricing. However, the absence of recent market rent data suggests either limited availability or an evolving market that hasn't been fully captured by current metrics.
The median home value of $148,257 places ZIP 25063 in a category of relatively affordable housing. This figure can be interpreted as a signal of either a robust supply of homes or a lack of significant upward pressure on property values, which could point towards a market where supply slightly outpaces demand. Yet, without historical context, it's challenging to definitively state the trend.
The 14.8% renter share is a critical statistic that speaks to the long-term housing pressures within the area. A lower percentage of renters relative to homeowners suggests a preference for ownership, which can lead to stable housing markets. However, it also implies a potential for future rental pressures if economic conditions change, such as job growth or increased population, leading more individuals to seek rental properties. In such scenarios, the existing rental stock might become insufficient, driving up rents and creating a more tenant-friendly environment.
In summary, while the data points to a currently balanced market, the low renter share indicates a latent condition for increased housing pressure. Landlords and small-portfolio investors should monitor broader economic trends and local developments closely to anticipate shifts in the market. The current snapshot highlights an opportunity to invest in rental properties, given the potential for rising demand in the future, but also underscores the importance of competitive pricing to attract tenants.
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.