Location: Logan County, WV | Metro: Logan County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 25183 presents several challenges for landlords considering Section 8 investments. Tenant turnover could be a significant issue due to the disparity between the market rent and the Fair Market Rent (FMR) of $870 set for fiscal year 2026. This difference might lead to dissatisfaction among tenants who find the subsidized amount insufficient for their housing needs, resulting in higher churn rates.
Vacancy exposure is another concern. With an unknown average number of days on the market (DOM), it's difficult to predict how long properties might remain vacant. Extended vacancy periods can lead to financial losses for landlords, as they rely on consistent rental income to cover mortgage payments, property taxes, and maintenance costs.
Deferred maintenance is also a risk factor. The lack of data on typical home values and median incomes suggests that there may be limited resources available for upkeep and repairs. This could result in properties deteriorating over time, requiring substantial investments to maintain habitable conditions.
However, these risks must be weighed against the unique advantage of having a 0.0% renter share in the area. While this figure seems unusually low and may require verification, it typically indicates a high concentration of renters, which often correlates with higher demand for Section 8 vouchers. Landlords in such areas can benefit from a steady stream of potential tenants who are qualified for the program, reducing the likelihood of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.