Location: Lincoln 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 | $660 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,260 | $136,287 | 0.92% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP code 25529 reveals key insights for potential landlords and small-portfolio investors.
The rent math does not favorably align with the financial metrics. The Fair Market Rent (FMR) set at $850 for fiscal year 2024 is notably lower than the market rent of $953, as reported by the Census ACS. This indicates that landlords may struggle to cover operational costs and achieve profitability if they adhere strictly to the FMR guidelines.
Acquisition affordability in ZIP 25529 is somewhat favorable, given the median home value stands at $113,951. However, the lack of data on days-on-market (DOM) and the percentage of homes that have had their prices cut suggests a less transparent housing market, which could pose challenges for new investors seeking to understand the local real estate dynamics fully.
Tenant demand appears to be limited but steady. With a total population of 1,027 and a 24.6% renter share, landlords can expect a modest pool of potential tenants. This relatively low renter share means competition for rental properties might be high, necessitating well-maintained and competitively priced units to attract and retain tenants.
In summary, while the acquisition cost in ZIP 25529 offers an entry point for investment, the disparity between FMR and market rent presents a significant challenge for achieving desired returns. Limited tenant demand further complicates the landscape, requiring careful consideration of property management and pricing strategies. For investors willing to navigate these complexities, the area may still present opportunities, but they must be prepared for a market where rents are below ideal levels and tenant competition is fierce.
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.