Location: Boone County, WV | Metro: Charleston, WV HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $110,810 | 1.13% | B |
U.S. Census Bureau data (2024)
The ZIP code 25214 has a population of 994 residents, with 16.8% being renters. This indicates that the area is predominantly a homeowner-dominated region rather than a renter-heavy ZIP. The median household income in this area stands at $70,956, which provides a context for evaluating rental affordability.
Market rent figures are currently unavailable for this specific ZIP code, but we can compare the situation to the Fair Market Rent (FMR), which is set at $880 per month for fiscal year 2024. Assuming the FMR closely mirrors market rents, let's calculate the percentage of local income that goes toward rent. At $880 per month, the annual rent would be $10,560, representing approximately 15% of the median household income. This suggests that rent is a significant portion of income but still manageable for many households.
To further analyze the impact of Section 8 vouchers on the rental market, we need to consider the income eligibility requirements. For a family of four, the maximum income limit for a Section 8 voucher in this area is around $33,200 annually. Given the median household income is $70,956, it's clear that a substantial portion of the population exceeds this threshold, implying that voucher demand might be relatively low compared to the overall number of renters.
A landlord in ZIP 25214 should anticipate tenants who are likely to have incomes closer to the median, making them less reliant on vouchers and more capable of paying market rates. However, some tenants may still qualify for assistance, particularly those with lower incomes within the rental segment. It's important for landlords to balance their rental pricing with the income levels of potential tenants to ensure occupancy while maximizing returns.
In conclusion, ZIP 25214 is not a high-demand area for Section 8 vouchers due to its higher median income levels. Landlords should focus on attracting tenants who can afford market rents, while still being prepared to accommodate some voucher holders if they choose to do so.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.