Section 8 Fair Market Rent (FMR) for ZIP 25201 - 2027
Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $900 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
A skeptical investor considering ZIP 25201 might have several concerns regarding the feasibility of participating in the Section 8 housing program. Let's address these concerns head-on using available data.
- Will FMR $1150 (zip FY 2024) cover the mortgage on a N/A home? The Fair Market Rent (FMR) for ZIP 25201 in fiscal year 2024 is set at $1150. However, without specific information on average home prices or typical mortgage costs in the area, it's challenging to definitively state whether this amount will cover the mortgage. It's crucial to evaluate individual properties and their financing terms before making an investment decision.
- Is there enough renter demand at 0.0%? The data indicates that the rental demand in ZIP 25201 is at 0.0%, which suggests there is no demand above the supply of rental units. This lack of demand could pose a risk for landlords who rely on Section 8 tenants, as it may be difficult to fill vacancies. Landlords should consider diversifying their tenant base beyond just Section 8 participants to mitigate this risk.
- Will vouchers keep pace with N/A market rents? While the FMR for ZIP 25201 is established at $1150, the absence of data on how voucher payments adjust to market conditions means there is uncertainty. Historically, voucher payments can lag behind market rents, potentially leaving landlords with insufficient income to cover expenses such as maintenance, utilities, and property taxes. It's advisable to monitor local HUD adjustments and policy changes closely to anticipate any discrepancies between voucher amounts and market rents.
The analysis of ZIP 25201 reveals both opportunities and challenges for landlords and small-portfolio investors interested in the Section 8 program. While the FMR provides a benchmark, the lack of specific data on home prices and historical trends in voucher payment adjustments means investors must proceed with caution and thorough due diligence.
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.