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 ZIP code 25329, located in the Charleston, WV HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1000 for fiscal year 2024. This figure is essential for landlords and small-portfolio investors considering properties in this area.
When comparing 25329 to typical ZIP codes within the Charleston, WV HUD Metro FMR Area, it's important to note that the specific market rent and home value data for this ZIP are currently unavailable. However, the lack of market rent and home value data, coupled with an unknown percentage of renters, can be indicative of several factors:
The absence of market rent data might suggest that the area is less developed or less tracked compared to other parts of the metro, potentially making it a value pocket where rental properties could offer significant returns without competing against a well-established market.
The unavailability of home value data could indicate that the area is primarily rental-focused rather than owner-occupied, which aligns with the ZIP's status as a potential sweet spot for Section 8 housing.
The unknown percentage of renters makes it difficult to assess the direct impact on Section 8 eligibility, but given the FMR of $1000, it suggests that the area is likely to have a lower cost of living compared to other areas in the metro. This can be advantageous for landlords who aim to cater to low-income families through Section 8 programs.
Based on the available FMR and the lack of other specific data points, ZIP 25329 appears to be a value pocket within the Charleston, WV HUD Metro FMR Area. The lower FMR indicates that it is a more affordable area, which is attractive for Section 8 tenants. The absence of detailed market data might also mean there is less competition, offering a niche opportunity for investors willing to research further.
To make a more precise determination, it would be necessary to gather additional data on market rents and home values. Nonetheless, the current FMR of $1000 places it at a lower tier compared to what might be expected in a fully developed ZIP code within the same metro area, suggesting strong potential as a value pocket for Section 8 investments.
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.