Location: Martinsburg, WV | Metro: Morgan County, WV HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $890 | $212,854 | 0.42% | F |
| 2BR | $1,110 | $271,463 | 0.41% | F |
| 3BR | $1,540 | $345,116 | 0.45% | F |
| 4BR | $1,760 | $390,518 | 0.45% | F |
| 5BR | $2,042 | $452,609 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP code 25411, located in Berkeley Springs, WV, stands out within Morgan County due to its unique demographic and economic characteristics. With a population of 12,367, the area has a relatively low rental rate of 19.5%, indicating that most residents own their homes. The median income in ZIP 25411 is $71,349, which is higher than the national average. Additionally, the median home value is $311,491, suggesting a stable housing market where property values are above the county and state averages.
For landlords and small-portfolio investors interested in Section 8 vouchers, the data presents an opportunity. The Fair Market Rent (FMR) for ZIP 25411 in fiscal year 2024 is set at $1010, while the current market rent, according to the Census ACS, is $802. This means that landlords accepting Section 8 vouchers can potentially charge a higher rent compared to the market rate, increasing their revenue per unit. The difference between the FMR and the market rate indicates a favorable environment for landlords who wish to participate in the Section 8 program.
The data signature for ZIP 25411 reads as stable. The high median home value and median income suggest that the local economy supports homeownership and has a strong foundation. Although the rental rate is lower than some other areas, the potential for higher rents through Section 8 vouchers provides a reliable source of income for landlords. The relatively small population also implies a tight-knit community where landlords can build long-term relationships with tenants. Overall, ZIP 25411 offers a secure and predictable market for those considering Section 8 participation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.