Location: Putnam County, WV | Metro: Putnam County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 25109 stands out due to its unique characteristics, including a modest population of 756 residents, with 44.6% of them being renters. The median income in this area is relatively low at $28,876, which suggests that many residents may rely on financial assistance for housing. Notably, the median home value is not available, indicating a potential lack of data or a significant rental market dominance.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 25109 is set at $1080 for the fiscal year 2024. This figure represents the maximum amount that the federal government will pay landlords who participate in the Section 8 program. However, the market rent data is unavailable, making it difficult to assess how competitive the FMR is compared to actual rental prices. Landlords should be aware that the FMR provides a consistent baseline for rental rates, but they must also consider local demand and supply dynamics to determine their rental pricing strategy.
The data signature for ZIP 25109 reads as transitional. With a significant portion of residents renting and relying on financial aid, there is an ongoing need for affordable housing solutions. The low median income and the absence of median home value data suggest that the area may be experiencing shifts in its housing market, possibly due to changes in economic conditions or demographics. Landlords and small-portfolio investors should closely monitor local trends and government policies to adapt their strategies accordingly.
To summarize, ZIP 25109 offers a niche market for those willing to engage with the Section 8 program, with a clear opportunity to serve a community where rental assistance is likely a necessity. The FMR of $1080 provides a stable income floor, but the overall environment is marked by transition, requiring vigilance and flexibility in investment decisions.
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.