Location: Jackson 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 | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $167,212 | 0.57% | F |
| 3BR | $1,320 | $238,322 | 0.55% | F |
| 4BR | $1,430 | $312,748 | 0.46% | F |
U.S. Census Bureau data (2024)
A skeptical investor considering ZIP 25248, Kenna, WV, might have several concerns regarding the feasibility of investing in properties eligible for the Section 8 program. Here, we address these concerns with the available data.
Objection 1: Will Fair Market Rent (FMR) of $910 cover the mortgage on a $218,304 home?
The FMR of $910 for ZIP 25248 does not guarantee that it will cover the mortgage payment on a $218,304 home. The average monthly mortgage payment for a property of this value can vary significantly based on interest rates and loan terms. However, using conservative estimates, a 30-year fixed-rate mortgage at a current average rate of 6% would result in a monthly payment of approximately $1,280, which includes principal, interest, taxes, and insurance. This amount exceeds the FMR, indicating that relying solely on FMR to cover mortgage payments would be insufficient. Investors should consider additional sources of income or lower-cost properties to ensure financial stability.
Objection 2: Is there enough renter demand at 20.7%?
The 20.7% rental occupancy rate suggests that there is a moderate level of demand for rental properties in ZIP 25248. While this figure is not exceptionally high, it does indicate that there is a significant portion of the population seeking rentals. However, it's important to note that the rental demand alone does not necessarily correlate with the demand for Section 8 properties. Additional research into the local Section 8 waiting list and the number of active participants in the program would provide a clearer picture of the demand for subsidized housing in this area.
Objection 3: Will vouchers keep pace with $728 market rents?
The current market rent of $728 is below the FMR of $910, suggesting that vouchers could potentially cover the market rent. However, the critical issue is whether the voucher amounts will adjust to keep up with any future increases in market rents. The Housing Choice Voucher program adjusts its maximum payment standards periodically, but these adjustments may not always align with local market conditions. Given the current data, the $728 market rent is manageable, but investors must remain vigilant about future trends and be prepared to adapt their strategies accordingly.
In conclusion, while ZIP 25248 presents some challenges for Section 8 investors, particularly in covering mortgage payments and ensuring sufficient demand, the current data supports the idea that market rents are manageable with vouchers. Nonetheless, thorough due diligence and an understanding of local market dynamics are essential for successful investment.
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.