Section 8 Fair Market Rent (FMR) for ZIP 25337 - 2027

FY 2027 Fair Market Rent Rates

The potential risks for investing in Section 8 properties in ZIP code 25337 in Unknown, WV, include high tenant turnover and significant vacancy exposure. Tenant turnover can be particularly challenging when the market rent is not specified but the Fair Market Rent (FMR) for FY 2024 stands at $1000. This means that landlords must be prepared for frequent changes in occupancy, which can lead to increased administrative costs and maintenance expenses.

Vacancy exposure is another critical concern. With the days on market (DOM) not specified, it's difficult to predict how long a property might remain vacant between tenants. A prolonged vacancy period can significantly impact cash flow, especially if there are gaps between lease terminations and new occupants moving in.

Deferred maintenance is also a risk factor. The typical home value and median income for the area are not specified, which makes it hard to gauge the financial capacity of residents to maintain their homes properly. If the median income is lower than the national average, it could indicate that many residents rely heavily on their vouchers to cover housing costs, leaving little room for additional maintenance expenditures.

Despite these challenges, the high concentration of renters in the area, indicated by the unspecified percentage of the renter share, suggests strong demand for rental properties. High renter density often translates into higher demand for Section 8 vouchers, which can provide a steady stream of tenants who are committed to paying their rent through the voucher program.

Verdict: Moderate risk for a first-time Section 8 landlord.

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.