Location: Jefferson County, WV | Metro: Jefferson 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 | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,870 | $426,081 | 0.44% | F |
| 4BR | $2,290 | $583,426 | 0.39% | F |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP 25442 reveals a significant gap between the Fair Market Rent (FMR) set by HUD at $1200 for fiscal year 2024 and the market rent of $1,116 as reported by the Census ACS. This gap is $84, representing a 7.5% difference.
When FMR exceeds market rent, it suggests a yield play opportunity for landlords. Given the median home value of $488,823 and median income of $111,419, landlords can benefit from the higher reimbursement rates provided by the Section 8 program compared to the open-market rental rates. The 10.8% share of renters in the area indicates a stable tenant pool, making it a favorable investment for small-portfolio investors.
However, it is important to note that while the FMR provides a higher rent reimbursement, the actual cost of maintaining properties and dealing with potential administrative burdens must be considered. The slightly lower market rent reflects the general economic conditions of the area, and landlords should weigh the benefits of higher guaranteed payments against the costs of managing voucher tenants.
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.