Section 8 Fair Market Rent (FMR) for ZIP 25088 - 2027
Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $660 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$41,042
To determine if you should buy in ZIP code 25088 for Section 8 investments, follow this decision tree:
- Does the Fair Market Rent (FMR) of $850 cover the debt service on your property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area. The FMR is insufficient to cover the costs associated with owning a property here.
- Is the market rent above, at, or below the FMR of $850?
- If market rent is above $850: There is potential for higher returns outside of Section 8. Consider both options based on your investment strategy.
- If market rent is at $850: This area is ideal for Section 8 tenants as it aligns perfectly with the FMR. However, it also means that there is little room for profit margin beyond covering costs.
- If market rent is below $850: This indicates that the market is undervalued compared to the FMR. It could be a good opportunity for Section 8 investments, but assess the reasons for lower market rents.
- Are the rental demographics sufficient for demand? With 0.0% of the population being renters and an average of N/A days on the market (DOM), is there enough interest?
- If the population's rental rate is significantly low (0.0%) and DOM is high (indicating longer vacancy periods): There is likely not enough demand for Section 8 properties in this area. Consider other ZIP codes with higher rental rates and shorter DOM.
- If the DOM is low despite the low rental rate: This suggests strong demand for rental properties, possibly due to limited supply. However, the low rental rate still poses a risk for long-term profitability.
- If the rental rate increases or DOM decreases: This would indicate growing demand, making it a more favorable environment for Section 8 investments.
The key data points are the FMR of $850, the unknown market rent, and the extremely low percentage of renters combined with an unspecified DOM. These factors collectively suggest that ZIP 25088 may not present a strong case for Section 8 investments unless the market rent is well above the FMR and there is evidence of increasing demand for rentals.
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.