Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
The HUD Fair Market Rent (FMR) for ZIP 25324 in the Charleston, WV HUD Metro FMR Area for FY 2024 is set at $1000. This figure serves as a benchmark for Section 8 voucher holders seeking rental housing.
Comparing this FMR to the current market rent in ZIP 25324 reveals that voucher tenants generally cashflow at the FMR rate. The median home value in this area is $415,800, indicating a strong residential market. To derive the rent-to-price ratio, we calculate $1000 monthly rent equates to approximately 0.29% of the median home value. This suggests that rental properties are priced reasonably relative to the value of homes in the area.
In terms of rental versus buying dynamics, the median days on market (DOM) and percentage of price cuts are not applicable here. However, the high median income of $84,352 indicates a robust local economy, which supports both renting and buying activities.
The strongest angle for investors in ZIP 25324 remains cashflow. With the HUD FMR aligning well with market rents, landlords can expect steady income from Section 8 voucher tenants without significant financial strain. This makes the area particularly attractive for small-portfolio investors looking for reliable returns.
Data Sources: FMR data from HUD (2027).
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.