Location: Charleston, WV | Metro: Fayette County, 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 | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $56,645 | 1.66% | A+ |
| 3BR | $1,230 | $83,396 | 1.47% | A |
U.S. Census Bureau data (2024)
62.3% of residents in ZIP 25136, Montgomery, WV, are renters, indicating a strong demand for rental properties in the area. The $77,639 median home value suggests that homeownership is relatively affordable, but the focus here is on rentals. Landlords should note that the Fair Market Rent (FMR) for Section 8 in zip code 25136 for fiscal year 2024 is set at $850, which is higher than the $671 average market rent reported by the Census Bureau's American Community Survey. This means that Section 8 vouchers can cover a significant portion of the typical rental costs, making it an attractive option for tenants who might otherwise struggle to find suitable housing given the $28,173 median income. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, the disparity between the FMR and the market rent indicates a potential for landlords to secure stable tenancy without having to reduce their asking prices frequently. Given the high percentage of renters and the favorable FMR compared to market rent, the verdict on Section 8 participation in Montgomery, WV, is positive, offering a reliable source of income for landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.