Section 8 Fair Market Rent (FMR) for ZIP 25569 - 2027
Location: Putnam County, WV | Metro: Putnam County, WV HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
To determine if a landlord should invest in ZIP 25569 (Unknown, WV) for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1060 cover the debt service on a property?
- Yes: The FMR is sufficient to cover debt service, making it financially viable to consider properties in this ZIP code.
- No: Do not proceed with purchasing properties in this ZIP code, as the FMR does not cover the debt service, leading to financial losses.
- Is the market rent above, at, or below the FMR?
- Above: Market rents are higher than the FMR, which means landlords can potentially charge more than the FMR for non-Section 8 tenants, increasing profitability.
- At: Market rents equal the FMR, indicating that landlords will receive the FMR amount for their properties, aligning with Section 8 payment standards.
- Below: Market rents are lower than the FMR, which could indicate an overvalued FMR or a depressed local rental market. This scenario makes investing less attractive unless there are other compensating factors.
- Are the demand indicators sufficient?
- It depends: With insufficient data on the percentage of renters and days on market (DOM), it's difficult to assess the demand accurately. However, if the number of renters is substantial and the DOM is low, it suggests strong demand for rental properties in this area.
The decision to purchase properties in ZIP 25569 for Section 8 should be based on the answers to these questions. A positive outcome on the first question is critical for financial viability. The second question helps understand the potential for additional income outside of Section 8. Lastly, demand indicators are crucial for ensuring that the investment will be occupied and generate consistent cash flow.
Data Sources: FMR data from HUD (2027).
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.