Location: Logan County, WV | Metro: Boone 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 | $700 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $940 | $114,198 | 0.82% | C |
| 3BR | $1,310 | $177,833 | 0.74% | D |
| 4BR | $1,590 | $233,013 | 0.68% | D |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP 25508, Chapmanville, WV, are significant. Tenant turnover is a critical issue, with the market rent at $684 being notably lower than the Fair Market Rent (FMR) of $890 for FY 2024. This discrepancy can lead to frequent changes in occupancy, increasing administrative burdens and operational costs. Vacancy exposure is another concern, as the days on market (DOM) for rental properties is not available, suggesting that there may be extended periods where units remain unoccupied, leading to lost revenue.
Deferred maintenance poses a substantial risk due to the relatively low median income of $48,144 and a typical home value of $158,617. These figures indicate that property owners might struggle to keep up with necessary repairs and renovations, which could result in compliance issues with Section 8 requirements and further financial strain.
However, these risks must be weighed against the high demand for rentals in the area. The renter share stands at 21.6%, which is above average and suggests a robust market for Section 8 vouchers. A higher proportion of renters typically translates into greater competition for housing, making it easier to fill vacancies with tenants who have access to government assistance.
In conclusion, the risk for a first-time Section 8 landlord in ZIP 25508 is moderate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.