Location: Charleston, 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 | $860 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $990 | $116,474 | 0.85% | C |
| 2BR | $1,230 | $134,051 | 0.92% | C |
| 3BR | $1,550 | $228,871 | 0.68% | D |
| 4BR | $1,620 | $360,413 | 0.45% | F |
| 5BR | $1,879 | $577,030 | 0.33% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 25314 in Charleston, WV, reveals that voucher tenants can achieve positive cash flow at the Fair Market Rent (FMR) set by HUD. The HUD FMR for the area is $1130 for fiscal year 2024, which is higher than the market rent reported by the Census ACS of $1085. This indicates that properties rented at the HUD FMR will generate a small but consistent cash flow, making it a favorable option for landlords and small-portfolio investors.
To further analyze the investment potential, consider the median home value in the area, which stands at $253,163. Based on this figure and the HUD FMR, the rent-to-price ratio for ZIP 25314 is approximately 0.45%, suggesting that rental income represents a significant portion of the property's value. This ratio is useful for investors looking to compare the relative attractiveness of renting versus buying in this market. However, since the median days on market (DOM) is listed as N/A and the price-cut share is 0.2%, these factors do not significantly impact the rent-vs-buy dynamics in the area.
In summary, for Section 8 investors in ZIP 25314, the strongest angle is cash flow. Properties rented at the HUD FMR will generate positive cash flow, providing a reliable source of income. While appreciation and stability are also important considerations, the current market conditions make cash flow the most compelling reason for investment in this area.
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.