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 | $690 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $990 | $78,846 | 1.26% | A |
| 3BR | $1,250 | $111,464 | 1.12% | B |
| 4BR | $1,300 | $152,856 | 0.85% | C |
U.S. Census Bureau data (2024)
The rental market in ZIP 25315, which includes Marmet, WV, presents a challenging landscape for both renters and landlords. The median income for a household in this area stands at $55,083 according to the latest Census American Community Survey (ACS) data. Given the market rate for rent at $902, it becomes evident that housing costs represent a significant portion of disposable income for the average resident. This makes housing affordability a critical issue for many in the community.
To put this into perspective, the Fair Market Rent (FMR) set by the government for this ZIP code for fiscal year 2024 is $940. This figure is used as a benchmark for determining the amount of assistance provided through housing vouchers. Comparing the FMR to the actual market rate reveals that the voucher payment standard is slightly higher, suggesting that voucher holders might have an easier time finding suitable housing compared to those relying solely on their own finances.
In ZIP 25315, with a total population of 3,286 and 27.0% of residents being renters, the competition among landlords is likely to be fierce. Landlords who accept Section 8 vouchers may find themselves with a more stable tenant base, given the financial support vouchers provide. However, those who prefer cash-paying tenants must ensure their properties offer value that justifies the higher rent relative to income levels.
The takeaway for landlords considering their strategy is clear: accepting Section 8 vouchers can be a viable option to attract tenants in a market where affordability is a concern. Vouchers help bridge the gap between what residents can afford and the actual cost of living, potentially leading to a more secure rental income. For landlords focused on cash-paying tenants, it's crucial to maintain competitive pricing and property quality to attract and retain renters in a challenging economic environment.
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.