Location: Lincoln County, WV | Metro: Lincoln County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The market in ZIP 25501 presents a unique set of dynamics that are crucial for landlords and small-portfolio investors to understand. With a Fair Market Rent (FMR) of $850 for the fiscal year 2024, it's clear that the rental market is anchored at a specific price point, which is essential for setting expectations on potential income.
The absence of recent market rent data suggests either a stable market or a lack of significant fluctuations that would warrant frequent updates. This stability can be advantageous for investors looking for predictable returns. The median home value of $111,232 indicates an affordable housing market, potentially attracting first-time buyers and those seeking to relocate for lower living costs.
A 5.7% renter share is noteworthy. This relatively low percentage implies that homeownership is prevalent in the area, which could indicate less immediate pressure on the rental market. However, it also points to a long-term trend where there might be a growing need for rental units if the population increases or if homeownership becomes less attainable due to economic factors.
The lack of data on price-cut shares and days on market (DOM) makes it difficult to ascertain whether supply currently outpaces demand or vice versa. Nonetheless, the combination of a defined FMR and a moderate median home value suggests a balanced market, where neither renters nor homeowners dominate the landscape.
In summary, ZIP 25501 offers a stable yet evolving rental environment. The established FMR provides a solid benchmark for rental pricing, while the median home value reflects an accessible housing market. The modest renter share hints at a predominantly owner-occupied community, but also signals potential for growth in the rental sector as demographic trends shift.
Data Sources: FMR data from HUD (2027). 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.