Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The median home value for ZIP 25126, located in London, West Virginia, is $28,300, which is notably low compared to the national average and even in comparison to nearby ZIP codes. This low median home value could indicate a high-yield market, as the cost of acquiring property is relatively inexpensive. However, the low value might also suggest underlying issues affecting property desirability and stability.
The median household income for ZIP 25126 is $68,214. This figure provides insight into the financial stability of the area. A higher median income relative to the median home value suggests that residents have the capacity to afford housing, which could support steady cash flow for landlords. However, the exact relationship between income and housing costs needs further examination to determine if the market is financially healthy.
With the Fair Market Rent (FMR) for Section 8 properties set at $1000 per unit for FY 2024, and considering the low median home value, ZIP 25126 leans towards being a high-yield market. The predictability of rental income from Section 8 subsidies combined with the low acquisition cost of homes suggests strong profitability. However, the stability aspect remains somewhat ambiguous due to the low home values, which could indicate a less desirable location or economic challenges.
To conclude, ZIP 25126 presents characteristics of a high-yield market, driven by low median home values and predictable rental income from Section 8 subsidies. However, the overall stability requires deeper investigation into local economic factors and housing demand. Landlords and small-portfolio investors should carefully weigh these figures against their investment goals and risk tolerance.
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.