Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 25112 in fiscal year 2024 is set at $1070. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, you will receive this amount per month from the government for each voucher tenant. It's important to note that this is not the rent your tenant pays; it's the maximum amount the government will contribute towards rent.
In ZIP 25112, the local market rent is currently unavailable, but we can still make some useful comparisons using the FMR. The percentage of renters in this area who could qualify for Section 8 assistance based on income levels is also not available, but generally, a higher percentage of renters in an area indicates stronger demand for affordable housing options.
The acquisition cost, which refers to the average price paid for properties in the area, is similarly not available. However, knowing these costs can help you assess whether the property you're considering is priced reasonably compared to others in the same market.
To decide if Section 8 is right for you, one key verification step is essential: ensure the condition of the property meets the Housing Quality Standards (HQS). These standards are set by the U.S. Department of Housing and Urban Development (HUD) and are designed to ensure that all units receiving Section 8 assistance are safe, decent, and sanitary. Failure to meet these standards can result in penalties and loss of voucher tenants.
Participating in the Section 8 program with an FMR of $1070 provides a stable source of income. While the local market rent and other specifics are not available, understanding the demand for affordable housing and the HQS requirements will be crucial for your success as a landlord in this program.
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.