Location: Charleston, WV | Metro: Charleston, 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $152,915 | 0.78% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP 25113, part of the Charleston, WV HUD Metro FMR Area, is favorable for landlords. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $850. This figure represents the maximum amount that a low-income family should pay for housing to avoid being cost-burdened, which is defined as spending more than 30% of their income on housing. However, the absence of market rent data suggests either limited availability or a lack of significant variance from the FMR, indicating that landlords can generally set rents around $850 without alienating potential tenants.
Acquisition of properties in ZIP 25113 is relatively affordable. With a median home value of $125,911, it's clear that this area offers lower-cost entry points compared to many other markets. Although the specific days on market (DOM) and percentage of homes that required price cuts are not available, the low median home value implies that acquiring a property could be financially feasible for most investors. The affordability of property acquisition supports the idea of building a rental portfolio in this area.
Tenant demand in ZIP 25113 is moderate given its population size of 655 individuals and a renter share of 18.5%. This means approximately 121 residents are likely seeking rental housing. While the number of potential renters is not overwhelming, it does provide a stable base for landlords. The concentration of renters is a positive indicator for maintaining occupancy rates and ensuring steady cash flow from rental properties.
In summary, ZIP 25113 presents a viable opportunity for real estate investment. The rent math aligns well with the FMR, making it possible to charge reasonable rents. Property acquisition is affordable with a median home value under $126,000, supporting the feasibility of purchasing multiple units. Tenant demand, though modest due to the small population, is consistent enough to sustain a rental business. Landlords and small-portfolio investors can expect solid returns and manageable risks when investing in this area.
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.