Location: Jefferson County, WV | Metro: Jefferson County, WV HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
The ZIP code 25441 in Jefferson County, WV, presents a unique set of characteristics that distinguish it from other areas. Due to the lack of specific data points regarding the number of residents, the percentage of renters, median income, and median home value, the analysis will focus on the available voucher economics.
The Fair Market Rent (FMR) for ZIP 25441 in fiscal year 2024 is set at $1100. This figure is crucial for landlords and small-portfolio investors as it directly influences the amount of rental assistance provided to tenants through the Section 8 Housing Choice Voucher program. While the exact market rent for the area is not specified, the FMR serves as a benchmark for determining the maximum rent that can be charged to voucher holders.
The voucher economics in ZIP 25441 favor landlords who can maintain their rental properties at or below the $1100 FMR. This ensures that they can continue to attract tenants with vouchers, which can be particularly beneficial in areas where traditional renters might struggle to afford market rates. The stability of the voucher program provides a consistent source of income for landlords, mitigating risks associated with tenant turnover and rent collection.
Given the limited data available, the overall economic status of ZIP 25441 appears stable, with the Section 8 program providing a reliable framework for rental pricing. However, without specific market rent data, it's challenging to assess if the area is transitioning towards higher or lower rent trends. For landlords and investors, focusing on maintaining properties within the FMR guidelines is key to leveraging the benefits of the Section 8 program.
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.