Section 8 Fair Market Rent (FMR) for ZIP 25114 - 2027

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 25114 in Boone County, WV, is best suited as a **cash-flow anchor** within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $1020, which aligns closely with the low median home value of $51,929. This indicates that properties in this area can be rented out at rates that are consistent with the government-subsidized rental program, ensuring steady and predictable cash flow.

The low median home value in ZIP 25114 makes it an attractive option for landlords and small-portfolio investors who are looking for properties that can be easily rented out through the Section 8 program. With a median home value significantly below the national average, the likelihood of finding tenants who qualify for the program is high.

Furthermore, the low median income figure of $14,325 suggests that there is a strong need for affordable housing options, which aligns well with the goals of the Section 8 program. Landlords can expect a stable tenant base that is less likely to default on rent payments due to financial instability.

While the area does not offer significant potential for appreciation, given the low median home value and lack of recent market data indicating price increases, it serves as a reliable component of a diversified investment portfolio. The focus should be on generating consistent cash flow rather than capital gains.

In summary, ZIP 25114 is ideal as a cash-flow anchor in a Section 8 portfolio strategy, providing a solid foundation for steady income generation. The alignment between the FMR and the low median home value ensures that properties can be effectively leased to qualified tenants without the risk of vacancy or non-payment.

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.