Location: Logan County, WV | Metro: Boone County, 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 | $660 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $106,551 | 1.18% | B |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP code 25108 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $980. However, the market rent is currently unavailable, which complicates the direct comparison necessary for a thorough analysis.
Despite the lack of market rent data, it's crucial to understand the implications of the FMR figure in the broader context of ZIP 25108. The area has a median home value of $83,634 and a median income of $85,388, indicating a relatively stable economic environment. With only 0.0% of the population identified as renters, it suggests that homeownership is prevalent, and landlords might find themselves in a niche market.
If the FMR of $980 were to exceed the market rent, it would make ZIP 25108 an attractive yield play for landlords and small-portfolio investors. Voucher tenants would ensure a steady stream of rental income at or above the FMR rate, providing a reliable return on investment. This scenario would be particularly beneficial in an area where homeownership is dominant, as it reduces competition for rental properties and increases the potential for higher occupancy rates.
Conversely, if the FMR is lower than the market rent, landlords accepting Section 8 vouchers would face a cost of renting their properties below the open-market rates. This discrepancy could lead to reduced profit margins per unit, but it also offers stability and a guaranteed tenant base, which can be advantageous in managing cash flow and property maintenance costs.
In either case, the decision to participate in the Section 8 program should be carefully weighed against the local economic conditions and the landlord's financial goals. The gap between the FMR and the market rent, once known, will provide a clearer picture of the financial landscape and the potential benefits or drawbacks for landlords in ZIP 25108.
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.