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 | $770 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $105,661 | 1.22% | A |
U.S. Census Bureau data (2024)
A skeptical investor considering ZIP 25524 might question whether the Fair Market Rent (FMR) of $900 for the fiscal year 2024 can sufficiently cover the mortgage on a home valued at $102,386. The short answer is that it depends on the mortgage terms and interest rates. With an average interest rate, a mortgage payment on a home of this value could easily exceed $900, especially when factoring in property taxes and insurance. However, the FMR does provide a baseline for rental income, ensuring that properties remain affordable for low-income tenants.
The next concern might be whether there is enough demand among renters given that only 17.9% of households are renters. This percentage indicates a relatively low rental market share, which could suggest limited demand. Yet, it's important to consider the overall population size and the vacancy rate. A lower percentage of renters does not necessarily equate to a lack of demand; it could also mean that homeownership is more prevalent, which might be beneficial if the area has a strong job market and stable housing values.
Finally, an investor might ask if the Housing Choice Voucher program will keep pace with the local market rents, especially since the data does not provide a direct comparison between voucher amounts and market rents (N/A). Historically, voucher payments have struggled to match market rents in many areas, leading to challenges for both landlords and tenants. Without specific data, it's difficult to definitively state whether the vouchers in ZIP 25524 will cover the full cost of market rents. However, landlords should monitor the local housing authority's policies and adjustments to ensure they are receiving fair compensation.
In summary, while the FMR of $900 might not fully cover mortgage costs, it ensures affordability. The 17.9% rental household rate suggests a smaller but potentially stable rental market. And, although we cannot directly compare voucher amounts to market rents, landlords must stay informed about any changes in the voucher program to manage their investment effectively.
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.