Location: Roane County, WV | Metro: Roane County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 25251 within the Roane County, WV metro area reveals a significant opportunity for positive cash flow. The HUD Fair Market Rent (FMR) for the area is set at $890 for fiscal year 2026, which is notably higher than the average market rent of $591 based on Census ACS data. This means that voucher tenants can easily cashflow at the FMR level, providing a substantial buffer for landlords.
To further illustrate the financial advantage, the median home value in the area is $141,867. Using this figure, we can calculate the rent-to-price ratio, which stands at approximately 0.62%. This low ratio indicates that rental income is relatively high compared to the cost of property ownership, making it an attractive option for investors looking to maximize their returns through rental income.
The dynamics between renting and buying do not significantly impact the market due to the lack of available data on median days on market (DOM) and the percentage of homes that experience price cuts. However, given the disparity between the HUD FMR and the actual market rent, it is clear that landlords can benefit from the higher payment standards set by the government program.
In conclusion, the strongest investor angle in ZIP code 25251 is cashflow. The difference between the HUD FMR and the market rent provides a solid financial cushion for landlords, ensuring steady and reliable income from Section 8 tenants.
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.