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 |
To integrate ZIP 25361 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 25361 in fiscal year 2024 is set at $1000 for a one-bedroom unit. This figure is crucial because it represents the maximum rental amount that can be charged to tenants participating in the Section 8 Housing Choice Voucher program.
The lack of available market data, such as median home values and price-cut shares, makes it challenging to assess the potential for appreciation or as a diversifier. However, the FMR provides a stable and predictable income source, which is ideal for creating a solid foundation in your investment portfolio.
As a cash-flow anchor, ZIP 25361 ensures a steady stream of income due to the government-backed rental payments. Landlords and small-portfolio investors can rely on this consistent revenue, even if the broader real estate market experiences fluctuations. The predictability of the FMR also simplifies budgeting and financial planning for long-term stability.
In conclusion, ZIP 25361 should be viewed as a cash-flow anchor within a Section 8 portfolio strategy. Its defined FMR of $1000 offers a reliable income stream, making it an essential component for those seeking stability in their investment 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.