Location: Boone County, WV | Metro: Boone County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 25205 reveals several critical insights for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for ZIP 25205 as of fiscal year 2024 is set at $950. However, the lack of data on market rent suggests that actual rental rates may be lower, making it difficult to achieve positive cash flow without subsidies.
Acquisition affordability is questionable due to the absence of specific data points such as median home values, days on market (DOM), and the percentage of homes requiring price cuts. Without these metrics, it's challenging to assess whether the purchase cost aligns with the potential rental income, especially given the FMR figure.
Tenant demand in ZIP 25205 is minimal. With only 229 residents and a 0.0% renter share, the pool of potential tenants is extremely limited. This low demand could lead to prolonged vacancy periods and difficulty in attracting and retaining tenants.
Verdict: ZIP 25205 presents significant challenges for investment. The unclear market rent dynamics combined with the low tenant demand make it an unattractive option for landlords and small-portfolio investors looking for stable, profitable investments. The FMR of $950 does not guarantee positive cash flow without substantial subsidies, and the limited population size suggests a high risk of vacancies. Therefore, investing in this ZIP code is not recommended based on the available data.
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.