Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,250 |
| 5 Bedrooms | $1,450 |
| 6 Bedrooms | $1,624 |
| 7 Bedrooms | $1,754 |
| 8 Bedrooms | $1,842 |
U.S. Census Bureau data (2024)
The ZIP code 25156 presents a unique challenge for landlords and small-portfolio investors interested in attracting Section 8 tenants. With a population of 119 residents, the area has an extremely low percentage of renters at 0.0%, indicating that it is predominantly a homeowner-dominated region. This characteristic suggests that there is likely not a deep pool of voucher holders seeking rental properties in this area.
The median household income for ZIP 25156 is not available, which complicates the analysis of how much of the local income might be spent on rent. However, considering the lack of renters and the scarcity of voucher demand, landlords should anticipate a rental market that is less reliant on government assistance programs.
Comparing the situation to the Fair Market Rent (FMR), which stands at $1000 for FY 2024 in this ZIP code, the absence of specific market rent figures makes it difficult to calculate the exact percentage of income that would typically go towards rent. Nonetheless, given the homeowner-dominated nature of the area, it is reasonable to infer that any rental properties would cater to a niche market of individuals who either prefer renting over owning or cannot secure homeownership due to various reasons.
A landlord in ZIP 25156 should expect tenants who are likely to have stable employment and a higher likelihood of paying rent without reliance on housing vouchers. The tenant pool will probably consist of individuals who can afford market rates, although the exact figure is not provided. Given the low number of potential renters, competition among them could be fierce, leading to a scenario where landlords have significant leverage in setting competitive rents that still align with the overall economic context of the area.
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.