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 |
The ZIP code 25079, located in the vicinity of Unknown, WV, falls within the Charleston, WV HUD Metro Fair Market Rent (FMR) Area. The FMR for this ZIP code is set at $1000 for fiscal year 2024, which provides a benchmark for rental costs in the area.
Comparatively, typical ZIP codes within the Charleston, WV HUD Metro FMR Area have more comprehensive data available, including specific market rents and home values. However, the absence of market rent and home value data for ZIP 25079 suggests that it might be less developed or have fewer real estate transactions recorded, making it difficult to establish a direct comparison with other ZIP codes in the metro area.
The lack of data on market rent and home values, coupled with an unknown percentage of renters, indicates that 25079 could potentially be a value pocket within the metro area. This inference is based on the fact that areas with limited real estate activity and lower FMRs often attract cost-sensitive tenants, such as those participating in the Section 8 program. A high concentration of Section 8 participants typically signals a neighborhood where rental properties can serve a significant portion of the low-income population without the need for extensive renovations or improvements.
In summary, while precise market rent and home value figures are not available for ZIP 25079, its FMR of $1000 and the incomplete data suggest that it may represent a value pocket within the Charleston, WV HUD Metro FMR Area. Landlords and small-portfolio investors should consider the potential advantages of operating in such a market, particularly if they are willing to cater to tenants seeking affordable housing options.
Data Sources: FMR data from HUD (2027).
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.