Location: Fayette County, WV | Metro: Fayette County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 25119 in Fayette County, WV, reveals several critical points for landlords and small-portfolio investors considering the Section 8 program.
The rent math does not work favorably for this ZIP code. The Fair Market Rent (FMR) set by HUD for FY 2024 is $870, but there is no available data on market rents. This lack of comparison makes it challenging to assess whether the FMR adequately covers the cost of maintaining properties at market standards.
Acquisition in this area is also problematic due to insufficient data. The median home value is not available, nor is the average number of days on the market (DOM) or the percentage of homes that typically require price cuts. Without these figures, it's difficult to determine if buying properties here would be financially viable for investors.
Tenant demand in ZIP 25119 is low. The population is only 397, and the renter share is an extremely low 0.0%. This indicates that very few residents are likely to qualify for or seek out Section 8 housing, which could lead to prolonged vacancy periods and difficulty in finding tenants.
In conclusion, ZIP 25119 presents significant challenges for Section 8 investment. The unavailability of key market data and the exceptionally low renter share make it a risky proposition. Landlords and investors should proceed with caution and seek areas with more robust tenant demand and clearer financial parameters.
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.