Location: Jackson County, WV | Metro: Parkersburg-Vienna, WV MSA
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 | $770 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $161,470 | 0.63% | D |
| 3BR | $1,280 | $220,819 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 25275, located in Ravenswood, WV, presents an interesting scenario for both renters and landlords alike. The median income for households in this area stands at $64,632. However, due to limited data, the exact market rate for rental properties remains unspecified (N/A).
To understand the affordability landscape, we must consider the voucher payment standard set at $950 per month for the fiscal year 2024. This figure serves as a benchmark for subsidized housing costs, which can be significantly lower than the actual market rates.
Ravenswood has a relatively low percentage of renters at 13.3%, with a total population of 2,181. This indicates that the majority of residents are homeowners, suggesting a smaller pool of potential tenants. For those who do rent, the affordability gap between their income and the voucher payment standard means that many may find it challenging to secure housing without assistance.
This dynamic creates a competitive environment for landlords. Given the high cost of living relative to the median income and the availability of vouchers, landlords may face a choice between accepting voucher payments or seeking tenants willing to pay market rates. Accepting vouchers ensures a steady, government-backed income stream but may limit the number of available tenants who qualify for such assistance.
The takeaway for landlords is clear: understanding the local rental market and the financial capabilities of potential tenants is crucial. While voucher payments provide stability, they also come with regulatory requirements and a limited pool of eligible renters. Landlords should weigh these factors carefully when deciding on their rental strategy. If the goal is to maximize income, then targeting tenants who can afford higher rents might be more beneficial. Conversely, if reliability is preferred over higher rent amounts, then participating in the voucher program could be advantageous.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.