Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
ZIP code 25132 is a renter-heavy area, with 59.8% of the population renting their homes. Given the total population of 501, this translates to approximately 299 renters. The median household income stands at $47,250. Market rent data is currently unavailable for this specific ZIP code, but we can compare it to the Fair Market Rent (FMR) which is set at $950 per month for FY 2024.
To understand the impact of rental costs on local incomes, let's use the FMR as a benchmark. At $950 per month, typical rent would consume about 24% of the median annual income. This calculation is derived from dividing the monthly rent ($950) by the annual income ($47,250), then multiplying by 12 months to get an accurate percentage.
The high percentage of renters suggests that there is likely a significant demand for housing vouchers such as those provided by Section 8. Landlords in this ZIP should anticipate tenants who rely on vouchers for a substantial portion of their rent payments. The FMR of $950 indicates that landlords should price their properties competitively around this figure to attract voucher holders.
The tenant profile expected in ZIP 25132 will primarily consist of individuals and families who have a combined income of up to 50% of the area median income (AMI). For FY 2024, this means potential tenants earning up to $23,625 annually, or roughly $1,969 per month. These tenants will be looking for affordable housing options and will need properties priced at or below the FMR to qualify for their vouchers.
In summary, ZIP 25132 is well-suited for landlords interested in serving a large number of renters, many of whom will be seeking housing assistance through Section 8 vouchers. Pricing your property close to the FMR of $950 will maximize your chances of attracting these tenants.
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.