Section 8 Fair Market Rent (FMR) for ZIP 25364 - 2027
Location: Charleston, WV | Metro: Charleston, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 available data indicates that ZIP Code 25364, located in Charleston, WV, is not primarily a residential area but rather a specialized zone likely designated for commercial purposes. Consequently, the median income and housing market rate figures are listed as N/A, suggesting there is insufficient residential data to provide meaningful statistics.
To frame ZIP 25364 from the renter's perspective, consider the following:
- The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1000. This represents the government's standard for voucher payments.
- Given the lack of residential data, it's challenging to assess whether households can afford the market rate. However, assuming the FMR reflects typical rental costs, a household would need to earn enough to cover these expenses.
- The absence of detailed demographic data complicates understanding the proportion of renters and the total population, making it difficult to gauge competition among landlords.
The takeaway for landlords considering voucher versus cash-pay strategies in ZIP 25364 is clear:
- Vouchers are a reliable income source. They guarantee a consistent $1000 per month, which matches the FMR.
- Cash-paying tenants may be less predictable. Without specific income data, landlords cannot accurately forecast the ability of potential residents to pay market rates.
In summary, landlords should lean towards accepting vouchers given the uncertainty around local income levels and the reliability of government-funded payments.
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.