Location: Logan County, WV | Metro: Logan County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,320 |
| 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 ZIP code 25547 encompasses a small, rural neighborhood with a total population of 583 residents. Approximately 47.6% of these residents are renters, indicating a modest demand for rental properties. The median household income is not available, but the median home value stands at $120,933, suggesting a community where homeownership is attainable for many local residents.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. This figure represents the benchmark for rental prices supported by the government's Section 8 program. However, specific market rent data for ZIP 25547 is not available, which means investors must rely on the FMR as a guideline for pricing their rental units.
Given the limited data on market rents, it's reasonable to assume that the FMR could closely align with actual rental rates in this small ZIP code. For hands-off voucher operators, the consistent support of the Section 8 program could be an attractive feature, ensuring steady cash flow without the need for extensive market research or price adjustments. On the other hand, for hands-on value-add buyers looking to improve properties and potentially command higher rents, the lack of precise market data presents a challenge. These investors would need to conduct thorough local market analysis to determine if there's an opportunity to increase rental prices beyond the FMR, which might require significant effort given the small size of the neighborhood.
In summary, ZIP 25547 is best suited for hands-off operators who can benefit from the predictability of Section 8 payments. For those interested in a more active role, the absence of detailed market data makes it less favorable unless they are prepared to invest considerable time and resources into understanding the local rental 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.