Location: Lincoln County, WV | Metro: Lincoln County, WV
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 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)
850 is the Fair Market Rent (FMR) for ZIP code 25564 as of fiscal year 2024, setting a benchmark for rental properties in the area. 136,459 represents the median home value, indicating the typical cost of homeownership in this region. 22.0% is the percentage of renters in the community, highlighting a significant portion of the population that relies on rental housing. Despite these figures, the market rent and median income remain unspecified, suggesting either incomplete data or a lack of recent updates. The same applies to the days on market (DOM) and the percentage of price-cut shares, which are also marked as N/A.
Given the FMR of $850, landlords can adjust their rental prices to align with government standards, ensuring compliance with HUD guidelines for Section 8 properties. This figure serves as both a ceiling and a guide for affordable housing units in ZIP 25564. With a median home value of $136,459, it's evident that the area is predominantly residential and affordable, making it an attractive location for small-portfolio investors looking to capitalize on the rental market. The 22.0% renter share points to a stable demand for rental properties, reducing the risk of vacancy and providing a steady stream of income for property owners.
The absence of specific market rent and median income figures might indicate a need for further local research to understand the economic dynamics fully. However, the available data suggests that the rental market in ZIP 25564 is robust and well-supported by the Section 8 program. Landlords and investors should be aware of the FMR cap when setting rents, as exceeding this amount can disqualify a property from participating in the Section 8 Housing Choice Voucher Program.
Based on the current figures, the verdict for Section 8 participation in ZIP 25564 is positive. With a strong renter base and a reasonable median home value, the area presents a viable opportunity for those interested in affordable housing investments.
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.