Location: Lincoln County, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
880 - The Fair Market Rent (FMR) for ZIP code 25534, as determined by HUD for fiscal year 2024, stands at $880. This figure represents the maximum amount landlords can charge for Section 8 rental assistance in the area.
N/A - Unfortunately, there is no available data on the market rent for properties in ZIP 25534, which means that direct comparisons to non-subsidized rents cannot be made. However, it's important to note that the absence of this data does not imply a lack of demand; rather, it suggests limited reporting or availability of such figures.
N/A - The median home value in ZIP 25534 is also not reported, making it difficult to assess the overall property values in the region relative to other areas. Landlords should focus on rental yields and occupancy rates when evaluating investment opportunities here.
0.0% - The renter share in ZIP 25534 is recorded as 0.0%, indicating an unusual situation where no households are renters based on the available data. This could suggest a predominantly owner-occupied area, which might affect the appeal of Section 8 properties.
N/A - The median income for the area is not provided, which is critical information for understanding the economic profile of potential tenants. Without this data, landlords must rely on other indicators such as employment trends and local economic conditions.
N/A - Days on Market (DOM) for properties in ZIP 25534 is not specified, meaning we cannot determine how quickly properties are typically rented out in this area. This metric would normally help investors gauge the speed and ease of finding tenants.
N/A% - There is no data on the percentage of listings that have had their prices cut, suggesting a stable market where landlords do not frequently need to adjust their rental prices to attract tenants.
Based on the provided data, the most significant figure for landlords considering Section 8 participation in ZIP 25534 is the $880 FMR. With no renters reported in the area, landlords should prepare for a unique challenge in attracting Section 8 tenants. The lack of market rent and median home value data indicates a less transparent real estate landscape, requiring thorough local research to make informed decisions. Despite these limitations, the fixed FMR provides a clear revenue target for those willing to navigate the uncertainties. Given the stable pricing environment suggested by the absence of price-cut shares, landlords who can offer well-maintained, affordable properties stand to benefit from the Section 8 program's steady demand. In conclusion, while the data is sparse, the opportunity for consistent rental income exists for landlords in ZIP 25534.
Verdict: Acceptable for Section 8 investments, with careful consideration of local market dynamics.
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.