Section 8 Fair Market Rent (FMR) for ZIP 25402 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$950
2 Bedrooms	$1,220
3 Bedrooms	$1,690
4 Bedrooms	$1,920
5 Bedrooms	$2,227
6 Bedrooms	$2,494
7 Bedrooms	$2,694
8 Bedrooms	$2,829

Based on the data provided, ZIP 25402 is located in Martinsburg, West Virginia. The neighborhood lacks detailed demographic information such as population size, percentage of renters, median income, and median home value. However, it is possible to provide an analysis focused on the rent economics for this area.

The Fair Market Rent (FMR) for ZIP 25402 in fiscal year 2024 is set at $1,150 per month for a two-bedroom home. This figure is established by HUD and serves as a benchmark for affordable housing programs, including Section 8 vouchers. Despite the lack of specific market rent data for ZIP 25402, the FMR provides a solid reference point for understanding the rental landscape.

In deciding whether ZIP 25402 is suitable for a hands-off voucher operator or a hands-on value-add buyer, the FMR is a critical consideration. For landlords who wish to operate with minimal involvement, ensuring that rents do not exceed the FMR is essential for attracting Section 8 tenants. Conversely, for investors looking to actively manage properties and potentially increase their value, ZIP 25402 offers opportunities to leverage the FMR as a starting point for assessing property pricing and potential improvements.

The absence of detailed market rent data means that any decision must be informed by broader regional trends and the specific goals of the investor. A hands-off approach would focus on maintaining properties within the FMR guidelines, while a hands-on strategy might involve identifying undervalued properties and enhancing them to command higher rents within the local market.

Martinsburg, being a part of the HUD Metro FMR area, benefits from a comprehensive framework that supports both types of investment strategies. Investors should consult local real estate agents or use platforms like RentData.org to gather more precise market rent data to inform their decisions.

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.