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 |
ZIP code 25328, located within the Charleston, WV HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1000 for fiscal year 2024. This figure is lower than the typical FMR for other ZIP codes within the Charleston, WV HUD Metro FMR Area, which generally range higher. The lack of data on market rent, home value, and renter share for ZIP 25328 limits direct comparisons but suggests it could be a value pocket within the metro area.
To provide context, the FMR is set by the U.S. Department of Housing and Urban Development (HUD) to determine payment standards for housing assistance programs such as Section 8. An FMR of $1000 implies that rental units in this ZIP code are more affordable compared to the broader Charleston metro area. Typically, areas with below-average FMRs can attract tenants who benefit from lower costs, making them attractive for landlords participating in Section 8 programs.
The absence of market rent and home value data indicates that 25328 might have a unique profile within the metro area. Often, ZIP codes with a high percentage of renters but lower home values are considered sweet spots for Section 8 investments, as they offer a balance between affordability and demand. However, since the renter share is also listed as N/A, we cannot definitively conclude if 25328 fits this profile without additional data.
In summary, based on the available information, ZIP 25328 appears to be a value pocket within the Charleston, WV HUD Metro FMR Area, offering rental properties at a lower cost than the average for the metro. This makes it potentially appealing for landlords looking to serve tenants benefiting from the Section 8 program. Further analysis would require specific market rent and home value data to confirm its exact position relative to other ZIP codes within the metro area.
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.