Location: Charleston, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 25083 stands out due to its unique demographic characteristics and economic conditions. With only 439 residents, it has an exceptionally low percentage of renters at 0.0%, indicating that almost all properties in this area are owner-occupied. The median income for residents is $32,792, which is notably lower than the median home value of $66,150. This suggests that homeownership is a significant aspect of the local economy, possibly supported by inherited wealth or long-term residency.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 25083 in fiscal year 2024 is set at $950. However, the lack of rental properties means that there is no established market rent data available for comparison. This absence of rental activity could indicate challenges for potential tenants seeking rental assistance through the Section 8 program.
The data signature for ZIP 25083 reads as stable. The absence of renters and the high median home value suggest a community where housing transitions are rare, and the population is relatively static. Landlords and small-portfolio investors should consider these factors when evaluating investment opportunities in this ZIP code, focusing on the homeowner market rather than rental prospects.
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.