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)
The Fair Market Rent (FMR) for ZIP code 25160 in fiscal year 2024 is set at $970. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay towards a tenant's rent under the Section 8 housing program. It does not mean you should charge exactly $970; rather, it sets an upper limit on the subsidy provided by the government.
To understand the implications for your rental property, consider that the FMR is based on the average market rent for the area. However, since the local market rent for ZIP 25160 is listed as N/A, we cannot directly compare it to the FMR. But knowing that 9.2% of the population are renters can give you an idea of the potential demand for Section 8 rentals in this area.
Despite the lack of specific local market rent data, the 9.2% renter share suggests there is a modest but present demand for rental properties. If you decide to participate in the Section 8 program, you can expect a steady stream of tenants who qualify for assistance and are likely to have their rent subsidized up to the $970 limit.
Regarding the acquisition cost of properties in ZIP 25160, the median home value is also listed as N/A, which means you'll need to look into recent sales data or consult local real estate agents to get an accurate sense of property values and costs.
Before proceeding with a Section 8 rental in ZIP 25160, ensure that your property meets HUD’s Housing Quality Standards (HQS). These standards cover essential safety and health requirements, such as adequate heating, plumbing, and electrical systems. A property inspection to confirm compliance with these standards is critical to avoid delays and ensure your rental is eligible for the program.
In summary, the $970 FMR provides a guideline for the subsidy you can receive, while the 9.2% renter share indicates the presence of a rental market. Verify HQS compliance to secure your investment in a Section 8 rental property in ZIP 25160.
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.